This newsletter periodically describes the estate planning catastrophes befalling public figures who die without having wills, trusts or other estate planning documents in place. Famous people. They’re just like us. Take our 16th president, Abraham Lincoln.* Lincoln may have written the Emancipation Proclamation, but he did not write a will. Or consider Stieg Larsson, the.
Your house. Your car. Your spouse’s favorite recliner. The dining room table where your son-in-law asked for your daughter’s hand in marriage. These are all tangible, visible assets. So are the funds in your bank accounts (let’s take the bank’s word that they’re there). But what about your invisible assets? Those assets that float around.
FOS estate planning shareholder Allan Young has been selected as a 2015 Top Rated Lawyer in Trusts and Estates. Al received the honor from American Lawyer Media (ALM) and Martindale-Hubbell™. Al was selected as a Top Rated Lawyer based on his high peer ratings for his legal ability and his ethical standards. Al was also.
You’re done! After weeks of soul searching, intense discussions, and final document revisions, you sign each of your estate planning documents — your Will, Trust, Power of Attorney, Health Care Power of Attorney, and related documents. You put down your pen and put up your feet. You say to yourself, “I’m glad that’s over with.”.
As Judy Janetski’s article highlights, those of us in our middle years are part of the “squeeze” generation. We continue “raising” “our young adult children. At the same time, we help, if not directly care for, our parents as they (and we) deal with their aging. And so we worry. About both generations. Seemingly all.