Category: Parents

5 Reasons You Need a Trust

By David Edwards on Apr 22, 2013 in Asset Organization, Asset Protection, Asset Protection Trusts, Divorce Risks, For Your Business, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Long Term Care Risks, Nursing Home, Why use a Living Trust?, Wills and Trusts

Trusts are a very valuable planning tool. When people think about estate planning, most people think about wills. While wills are the most basic/common tool for estate planning, trusts are an incredibly effective way to plan for things that wills can’t address. Trusts can be used to: Organize your assets so it’s easier on your [...]

Estate Planning Quiz: 8 Questions to Help You Know Where You Stand

By David Edwards on Apr 16, 2013 in Aging Parents, Divorce Risks, For Your Business, For Your Kids, Grandchildren, Kids' Inheritance, Long Term Care Risks, Marriage & Remarriage, Name Guardians, Nursing Home, Parents, Power of Attorney, Tax, Wills and Trusts

Answer these 8 questions to find out where you stand with your estate planning.

What Estate Planning Attorneys Do

By David Edwards on Apr 08, 2013 in Asset Protection, Disability, Grandchildren, Kids' Inheritance, Wills and Trusts

Sometimes there’s confusion about what we really do around here. We ARE NOT financial advisors who sell financial products or invest money. Some of the things we do are: Use legal tools like wills, trusts, deeds and LLC’s to accomplish your goals and carry out your wishes. Coordinate your assets with your goals. Counsel and [...]

What Trusts Do and Don’t Do

By David Edwards on Mar 25, 2013 in Asset Protection, Cost of Poor Planning, Kids' Inheritance, Nursing Home, Probate, Wills and Trusts

2-year-old Cole has a book that talks about the right and wrong ways to do things. Like, “Do wear underwear. But don’t wear it on your head!” WOULD YOU USE A MICROWAVE TO WASH DISHES? The other day I met with a client who wanted to use their microwave as a washing machine. Okay, not [...]

“You’re NOT the boss of me!!”

By David Edwards on Feb 27, 2013 in Aging Parents, Asset Protection, Cost of Poor Planning, Kids' Inheritance, Long Term Care Risks, Nursing Home, Parents, Power of Attorney, Wills and Trusts

We all have control issues. Cole, my son, is 2-years-old now. (The Terrible Two’s!) Yes, we have our share of yelling, “NO!!” and throwing full tantrums on the floor. Toddlers are just beginning to understand how they can exert control on the world around them, which makes for an interesting family life for a while. [...]

The Language of Bowling and Estate Planning

By David Edwards on Feb 04, 2013 in Asset Protection, Business or Farm, Death of a Loved One, Kids' Inheritance, Wills and Trusts

Michelle and I got the kids a Wii for Christmas. Some evenings now you’ll find us practicing Wii bowling. I’ve even been teaching Bailey all the “cool” bowling terms – like a turkey or a sleeper. Even bowling has its own language to describe what’s going on in the game. Estate planning has its own [...]