Getting Divorced? Don’t Overlook These 4 Updates to Your Estate Plan—Part 2 Going through divorce can be an overwhelming experience that impacts nearly every facet of your life, including estate planning. Yet, with so much to deal with during the divorce process, many people forget to update their plan or put it off until it’s too late. Failing to update your plan before, during, and after your divorce can have a number of potentially tragic consequences, some of which you’ve likely not considered. If you are in the midst of a divorce, and your divorce lawyer has not brought up

Getting Divorced? Don’t Overlook These 4 Updates to Your Estate Plan—Part 1 Going through divorce can be an overwhelming experience that impacts nearly every facet of your life, including estate planning. Yet, with so much to deal with during the divorce process, many people forget to update their plan or put it off until it’s too late. Failing to update your plan for divorce can have a number of potentially tragic consequences, some of which you’ve likely not considered.  If you are in the midst of a divorce, there are several things you need to consider. First off, you need

Black Panther Star Chadwick Boseman Dies Without A Will – Part 2 On October 15th, nearly two months after the death of Black Panther star Chadwick Boseman, his wife, Taylor Simone Ledward, filed documents with the Los Angeles probate court seeking to be named administrator of his estate. Earlier this year, Boseman and Ledward were married, and the marriage gives Ledward the right to any assets held in Boseman’s name at his death. Boseman died at age 43 on August 28th following a four-year battle with colon cancer, and based on the court documents, it seems the young actor died

Black Panther Star Chadwick Boseman Dies Without A Will  On October 15th, nearly two months after the death of Black Panther star Chadwick Boseman, his wife, Taylor Simone Ledward, filed documents with the Los Angeles probate court seeking to be named administrator of his estate. Earlier this year, Boseman and Ledward were married, and the marriage gives Ledward the right to any assets held in Boseman’s name at his death. Boseman died at age 43 on August 28th following a four-year battle with colon cancer, and based on the court documents, it seems the young actor died without a will.

CORONAVIRUS TAX CUTS.  THE SILVER LINING. Is it really time to start thinking about filing your 2020 taxes?  2020 is a particularly important year to start planning. In 2020, we have to consider inflation.  The Coronavirus Aid Relief and Economic Security (CARES) Act provides individual taxpayers several new tax breaks, most of which will only be available for the 2020 tax year.  The sooner you know about the changes, the better your planning. Here are 6 ways your return may differ this year: Waived RMDs. If you’re 72 or older, you are generally required to take a required minimum distribution

ESTATE PLANNING FOR YOUNG ADULTS Why do young adults, as early as 18, need estate planning?  And why should it be a priority for you and them?   Here’s why:  the minute a person turns 18, they become legal adults and you, the parent, no longer have the legal authority to make decisions for them.  And you don’t have legal access to their financial accounts. With you no longer in charge, your young adult could become incredibly vulnerable.  For example if they encounter an illness that renders them incapacitated, such as COVID-19, having a plan in place could literally save their