Blog Category - Estate Planning Page 2

Name: Strauss Attorneys PLLC
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Apr

How a Directed Trust Can Transform Estate Planning

The idea of one-size-fits-all no longer fits a world where people expect products and services to be tailored to their individual preferences. Customization and flexibility are expected in nearly every aspect of life, and estate planning is no exception. Traditional trusts have l...

Apr

Foster Children and Estate Planning: Protecting the Ones You Call Family

A foster child may come into your life through the court system, an agency, or your own extended family. However it begins, the relationship can evolve into a deeply personal bond, making the child feel like a true member of your family. Unfortunately, the law does not always see...

Apr

Whom Should You Tell About Your Estate Plan?

Creating an estate plan is often a deeply personal process. After all, how you choose to protect and pass on your money and property is your private business. While your spouse or partner may know the details (especially if you planned together), should anyone else know what&rsqu...

Apr

If I Leave Someone My Home, What Do They Really Get?

For many people, their home is their most valuable asset as well as the heart of their family life-a place filled with stories, memories, and meaning. Yet when it comes to estate planning, the law views your home not as a sentimental space, but as a collection of separate p...

Apr

Ancillary Probate: What It Is, When It Happens, and How to Avoid It

Many people own property in more than one state. This might include a vacation home near the coast, a rental property in a former home state, or land inherited from family members. While owning out-of-state property can be beneficial during your lifetime, it can create additional...

Apr

How to Own Your Real Estate: Estate Planning Options for Homes, Vacation Property, and Rentals

Real estate is often one of the most valuable assets in an estate. It may include your primary residence, vacation homes, rental properties, or even undeveloped land. Because each type of property serves a different purpose, the best way to hold title can vary depending on your g...

Apr

The Hidden Gender Gap in Estate Planning—and How to Close It

You have likely heard of the gender pay gap. But there is another, less-discussed disparity that also affects long-term financial security: the estate planning gender gap. Although the two are related in some ways-earning less over a lifetime can limit investment opportunit...

Apr

Why Retirement Is the Right Time to Revisit Your Estate Plan

Retirement means different things to different people. For some, it marks the beginning of travel, creative pursuits, and long-delayed adventures. For others, it offers the freedom to slow down and enjoy quiet routines without the pressure of a daily work schedule. Most retirees ...

Apr

When Your Parent Plans to Disinherit Your Sibling

When a parent makes the difficult decision to disinherit one of their children, the emotional weight of that choice rarely falls on only one person. While the sibling who is cut out may feel shock, grief, or betrayal, the siblings who remain included in the estate plan are often ...

Apr

Why Receiving an Inheritance Should Prompt an Estate Plan Review

Receiving an inheritance can be both meaningful and life-changing. While it often represents a loved one's legacy, it can also introduce new financial, legal, and planning challenges if it is not managed thoughtfully. Without a clear strategy, inherited assets may be vulner...

Apr

How to Get Organized to Meet with Your Estate Planning Attorney

You have decided to meet with an estate planning attorney to get your affairs in order and protect the people you care about most. Once your appointment is scheduled, the next step is preparation. Taking time to organize your information and think through your goals will help ens...

Apr

Make Sure That Your Estate Plan Is More Than Kindling

It is a frigid November night. You put on a sweatshirt and sweatpants to warm up—to no avail—and decide to light the season's first fire. You open the woodstove door to find last year’s ashes still inside, the chimney unswept. Not ideal, but manageable. Yo...

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