Our last blog introduced one of the toughest talks we have with clients – those concerning their Adult Children and Grandchildren. As we said in the outset this is a “Highly Charged” area as these emotions are so close to the heart and the relationships are so intricately interwoven. There is no right or wrong... [Read More]
Category: Estate Planning
Blended Families – Adult Children – Grandchildren
The tough talks we, as lawyers, have with our clients about their estate planning often involve a discussion about the relationships they hold dearest. This blog series, Tough Talks, addresses those relationships and how they impact estate planning. Let’s recap briefly: We have discussed that 55 and up year old people are increasingly remarrying (Blog... [Read More]
Oops: Accidentally disinheriting loved ones
Continuing our series on “Getting Real: Tough Talks in Estate Planning” we discuss what may happen when changes are made to your Estate Plan. Updates or changes are often made when changes in a person’s relationships occur (re-marriage, for example). Changing your Estate Plan can trigger the need to update and change other important documents. ... [Read More]
Remarriage – Money Discussions and Impact on Estate Planning
In this ongoing series, Getting Real, we talk about the Tough Talks estate planning lawyers undertake with their clients. Remarriage is a common topic. We previously discussed the high percentage of people that remarry or enter into a partnership after they are 55 years old. This statistic has increased over time as we pointed out... [Read More]
Getting Real in Estate Planning: Tough Talks
A lot of what we do, is hear great stories. We meet fabulous individuals, and hear a lot about their kids and their interesting stories about their lives and how they became successful and can now leave something to their loved ones. This is a positive in estate planning. The other side of Estate Planning... [Read More]
Thankful
I read that “Thankfulness is the antidote to worry.” If we “count our blessings”, start off the day listing 5 things we are thankful for, each morning we begin to live in gratitude. “Gratitude” cannot exist at the same time as “Anger”, “Resentment” or “Fear”. You really cannot feel both at the same time. So if... [Read More]
STEVEN ANDREW JACKSON LEADS CONTINUING EDUCATION CLASS ON THE “SUCCESSION: FAMILY & BUSINESS”
Estate Planning attorney Steven Andrew Jackson will teach a one hour Continuing Education class on “Succession: Family & Business.” Class Details: Date: Wednesday, September 12, 2018 Time: 8:00 am to 9:00 am Location: The Biltmore Building, One North Pack Square, in downtown Asheville. The class is approved for one hour Continuing Education by the... [Read More]
Succession: Getty and the Biltmore Estate
Estate planning often involves business succession planning as well. Parents create a business that grows over time, employs many people and becomes part of the local culture and in some cases, expands into the region or country or even worldwide. While we often think of the personal inheritances and personal assets in estate planning, when... [Read More]
How Does the 2018 Tax Reform Relate to Families? Part 3
Two major pieces jump out. One of which is that there is now a limit on your deductions for your State and Local Taxes. They use to be unlimited and now there is a limit. Another of the other major changes that we will go through in detail in this Blog is regarding the changes... [Read More]
Tax Reform – Part 2
We will continue to look at more of the 2018 changes to the Tax Code as it applies to families and not just businesses. Some of the ways families are affected by the Tax changes include the following: Alternative Minimum Tax This is a strange parallel tax system with a separate set of rules that... [Read More]