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September 2019 Archives

Estate planning and the question of fairness

Fair does not always mean equal. Parents learn this lesson while their children are young. It quickly becomes apparent that each child has their own personality and may have different needs. This can translate to different forms of parenting styles for each child.

Options for transferring a timeshare to your beneficiaries

Timeshares are great for those seeking a getaway, but they aren't easy to deal with in an estate plan. Aside from finding someone who wants to maintain these vacation ownerships, you need to find a way to incorporate these into your plan so your beneficiaries don't have to deal with probate in a different state.

Tips for setting up a trust for your children

Parents have many tough decisions to make when raising their kids, and one of the most difficult can be how they plan to pass along their assets. Most families do not want children under the age of 18 inheriting money or property, so choosing a qualified trustee is one of the most crucial decisions they will make.

Three common mistakes when using DIY estate plans

Putting together an estate plan is a unique process for everyone. Although legal professionals will caution against the use of do-it-yourself (DIY) estate planning tools, nothing sends the message home better than real life examples of the errors that can occur when using these fill-in-the-blank documents.

Sometimes it may be necessary to protect children from themselves

As you begin estate planning, you may want leave money for your children even though they may not have inherited your good financial sense. If there is a chance a child could squander his or her inheritance, it may be appropriate to take precautions to help protect your hard-earned money and save your child from himself or herself.

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Connors & Sullivan attorneys at law, pllc

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