Taking a Vacation? Make Sure You Plan For The Unexpected.

Vacations are a great way to get away with family, have fun and make great memories.  If you are preparing for your summer vacation, don’t overlook the importance of preparing (or updating) your estate plan. Give yourself peace of mind as you travel, while minimizing the potential stress your loved ones would face if something were to go wrong. Below is a list of the things you should have in place, or review, Read More

5 Things a Will Can’t Do

When people think about how to prepare for their death, their first thought is often to create a Will. While having a Will is enough for some people, having just a Will is often not sufficient enough to accomplish the goals that you may have for the future of your family. Understanding the things that a Will cannot do for you and your family will help you understand your options and what kind of estate plan is right Read More

The Dangers of Legal DIY: When Something is NOT Better Than Nothing

Go online, and you’ll find tons of websites offering do-it-yourself estate planning documents. Such forms are typically quite inexpensive. Simple wills, for example, are often priced under $50, and you can complete and print them out in a matter of minutes. In our uber-busy lives and DIY culture, it’s no surprise that this kind of thing might seem like a good deal. You know estate planning is important, and even Read More

Advice for the “Sandwich Generation”

July is Sandwich Generation month. Now that I've got you thinking about turkey BLTs or meatball subs, I have to break it to you (though I bet you can already guess,) this article isn't about food.  So what is the Sandwich Generation? The average age of parents raising children in the US continues to rise, leaving many middle-aged Americans in a category commonly referred to as the the “sandwich” generation:  often Read More

I Don’t Have Young Kids, So Why Do I Need an Estate Plan? Part 2

Last month, we shared the first part of our series on the importance of estate planning for those without young children. If you haven’t read it yet, you can do so here. In part two, we discuss the other risks involved for those who forego estate planning. Someone will have power over your health care Estate planning isn’t just about passing on your assets when you die. In fact, some of the most critical parts of Read More

5 Common Estate Planning Mistakes and How to Avoid Them

Since estate planning involves thinking about death, many people put it off until their senior years, or simply ignore it all together, until it becomes too late. This kind of unwillingness to face reality can create major hardship, expense, and mess for the loved ones you leave behind. While not having any estate plan is the biggest blunder you can make, even those who do create a plan can run into trouble if they Read More

I Don’t Have Young Kids, So Why Do I Need an Estate Plan?

It’s a common misconception to think that if you don’t have children (or your children are adults,) you don’t need to worry about an estate plan. The fact is, it is just as important to have a plan if you don't have kids, or if they're over age 18 as it is when they are young. The specifics of your unique plan might be different, but everyone needs a plan. Some of the common thoughts behind this mistaken belief may Read More

Key Differences Between Wills and Trusts

When discussing estate planning, a will is what most people think of first. Indeed, wills have been the most popular method for passing on assets to heirs for hundreds of years. But wills aren’t your only option. And if you rely on a will alone to pass on what matters, you’re guaranteeing your family has to go to court when you die. In contrast, other estate planning vehicles, such as trusts, which used to be Read More

Lessons learned from an Emergency: He Said

Back in January, my wife, Paula wrote about my holiday adventure with the emergency room (ER.)  In response to that email, I received an outpouring of ‘get well’ wishes from concerned clients.  When I started this firm (20 years ago this year,) I wanted to build a firm that valued client relationships, one where I would not only be a valuable resource to my clients, but someone to whom my clients could turn in times Read More

Learning from our Crisis: An Estate Planning Attorney in the ER- She Said

I’m writing today with a new sense of purpose and urgency about what we do here at The Parents Estate Planning Law Firm. David was in the hospital over the week of Christmas. For 5 days. He lost 24 lbs in two weeks and was in and out of the emergency room, before finally being admitted the Friday before New Year’s Day. I can honestly say it was one of the scariest weeks of our lives. And we were prepared – at least Read More