When a client walks into an estate planning attorney’s office, the client often is thinking of their own needs, such as how will the planning impact on the client’s: Income taxes owed Estate taxes owed at their death Ease of administration Divorce protection Asset protection, etc. But, many clients do not consider the impact on their children of their planning strategies until the prudent estate planning attorney raises the subject. Here are some considerations for the child or … [Read more...] about Frances Bean Cobain’s Divorce shows Importance of Planning
Subsequent Marriage
Planning for Alternative Families
Planning for alternative families is more important than planning for traditional families. While planning improves the outcomes for all families, it is simply crucial for alternative families. This leads one to ask the simple question: Why? Because the law is designed to take care of mainstream, traditional families. So, what is a traditional family? A traditional family is one with an opposite-sex couple, a first marriage for each, with common biological children. What is an alternative … [Read more...] about Planning for Alternative Families
