Here at Crain & Wooley, we constantly battle two things: Bad advice given by others who do not specialize in Estate PlanningProcrastination by those who know they need to update or create an estate plan but put it off for a later date/age Estate Planning is not...
The United States is seeing an increase in diseases affecting mental capacity (like Early Onset Dementia) occurring more frequently and at younger ages than was previously known in earlier decades. These diseases often impact an individual without anticipation or preparation and the symptoms experienced can...
When starting to get their “affairs in order”, most people think about wills, and maybe even a trust. What is often overlooked when considering estate planning is the role that both Medical and Financial Power of Attorney documents play within the plan. Power of Attorney...
Continuity refers to something occurring in an uninterrupted state or on a steady and ongoing basis. In part III of our 3-part series, we will discuss how to close a small business when an owner passes away. Yes, continuity planning includes deciding when and how...
Continuity refers to something occurring in an uninterrupted state or on a steady and ongoing basis. In part II of our 3-part series, we will investigate three of the many ways in which a business, governed by an LLC agreement, can continue operations when an...
Continuity refers to something occurring in an uninterrupted state or on a steady and ongoing basis. Today begins a 3-part series about the importance of business continuity planning. Whether you own 1 rental property, run a small business employing 3 people or have a family...
Dear Crain & Wooley Family, We are so thankful for each of you and hope that y’all stay healthy during this time of uncertainty. Crain & Wooley remains open to serve your estate planning needs. We are fully functional virtually and are having limited in-person meetings as...
Why is an estate planning firm discussing COVID-19? I mean give it a break already, right? I have read many updates from the CDC, local and national agencies as well as medical professionals guiding us on how best to “flatten-the-curve” so that our medical infrastructure is...
Every week, we encounter many different types of wills from those created using an online self-help product to those hastily scribbled on the back of a napkin before a medical procedure. The family and friends of the testator (the will’s author) are often surprised that...
Generosity is a wonderful attribute, yet there is some confusion regarding the “Gift Tax”. Have you heard that you could donate or give $15,000 (it used to be $10,000) each year without tax consequences? Many people are confused by this rule. Unless you have gifted an...