admin, Author at Crain & Wooley

24 Mar Have You Told Your Spouse EVERYTHING? Justin Crain, Partner

Posted at 12:12h in Estate Planning, Family Relationships, Last Wills and Testaments, Revocable Living Trust by admin 0 Comments

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If you have children that your spouse doesn’t know about, don’t assume that just because they were adopted by another family that they are no longer an heir of your estate...

24 Mar $1 Bequests Are A Terrible Idea: Shelly Joyner, Associate Attorney

Posted at 10:22h in Uncategorized by admin 2 Comments

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It’s common for people to disinherit family members for various reasons. When consulting with clients who want to specifically exclude someone from their estate plan, they ask, “should I give them $1?” My answer is always an emphatic, “absolutely not.” I’m not 100% sure when or how...

09 Mar Be Better Than Larry: Staff, Crain & Wooley

Posted at 15:00h in Uncategorized by admin 0 Comments

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Unfortunately, people often surmise that Crain & Wooley staff exaggerate or, in the very least, stretch the truth regarding the current probate process, who must go through the probate process and how that process interacts with Last Wills and Testaments. Occasionally, a story hits the...

02 Mar Can My Successor Trustee Change My Trust? Jacob K. Wooley, Partner

Posted at 00:00h in Uncategorized by admin 6 Comments

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Avoiding probate and court supervision while wrapping up an estate is a point of emphasis in almost every estate plan I provide. When I explain that using a Revocable Living Trust will allow them to put a Trustee of their choosing in place to handle...

23 Feb The Pros and Cons of Inheritance Guidelines: Shelly Joyner, Associate Attorney

Posted at 12:06h in Uncategorized by admin 4 Comments

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One of the many great things about using a Revocable Living Trust for your estate planning instead of a traditional will is that you’re better able to restrict how and when money is given to beneficiaries. Some clients want to give direct, cash distributions to...

16 Feb Protecting Generational Wealth: Shelly Joyner, Associate

Posted at 00:00h in Uncategorized by admin 4 Comments

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Generational wealth is a relatively simple term with broad connotation. It is defined as simply the passing down of assets from one generation to another. Generational wealth sort of sounds like a reason for a Vanderbilt to never have to work a day in his...

03 Feb Fair Vs. Equal: Shelly Joyner, Associate

Posted at 16:23h in Uncategorized by admin 0 Comments

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Do the terms equal and fair mean the same thing to you? Many families find themselves discussing “fair” vs. “equal” when working with Crain & Wooley. Do any of these situations sound like something that could reasonably happen in your family? These real clients’ stories...

27 Jan No Such Thing As AUTOMATIC Spousal Inheritance: Justin Crain, Partner

Posted at 13:39h in Marriage by admin 5 Comments

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Now that I have your attention. Did you know that there are instances where a surviving spouse does not inherit from their deceased spouse? Finding out that the surviving spouse doesn’t inherit everything is difficult and often unbelievable because so many people falsely believe that...

19 Jan What Is An S Corporation and Why Use One? Justin Crain, Partner

Posted at 11:28h in Business Development & Support, Taxes by admin 0 Comments

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Tax rates and paying taxes seem to consume our minds for very good reason - the U.S. Tax Code is complicated. A common area of confusion for some small business owners surrounds the topic of an “L.L.C. (Limited Liability Corporation) versus an S Corp”. Many...

12 Jan Do You ACTUALLY Own Your House?

Posted at 11:06h in Estate Planning - FYI, Probate, Real Estate by admin 4 Comments

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Do you own your house? This may sound like a silly question, but in my experience many people do not know the answer to this question. Some people think ownership is based on what is shown in the tax records at the central appraisal district...

Author: admin

24 Mar Have You Told Your Spouse EVERYTHING? Justin Crain, Partner

24 Mar $1 Bequests Are A Terrible Idea: Shelly Joyner, Associate Attorney

09 Mar Be Better Than Larry: Staff, Crain & Wooley

02 Mar Can My Successor Trustee Change My Trust? Jacob K. Wooley, Partner

23 Feb The Pros and Cons of Inheritance Guidelines: Shelly Joyner, Associate Attorney

16 Feb Protecting Generational Wealth: Shelly Joyner, Associate

03 Feb Fair Vs. Equal: Shelly Joyner, Associate

27 Jan No Such Thing As AUTOMATIC Spousal Inheritance: Justin Crain, Partner

19 Jan What Is An S Corporation and Why Use One? Justin Crain, Partner

12 Jan Do You ACTUALLY Own Your House?