“Back in the day”, one of the worst things that could happen was if someone read your diary. Now, with social media, kids get mad if their Tik Toks or Insta Stories don’t get enough views. Despite the prevalence of over-sharing in our lives nowadays,...
A number of our clients have a trust as the main document in their estate plan. Some of them created a trust before ever talking with Crain & Wooley and were not educated on how a properly crafted trust works. For example, some people never...
There is a lot of confusion surrounding two frequently used yet greatly misunderstood terms: Do Not Resuscitate Order (DNR) and Directive to Physicians (Living Will). Unfortunately, many of us use these terms interchangeably. However, they are NOT the same “thing”. These documents may seem similar...
Text messaging is a vital part of daily communication. We make appointments via text. We pay bills via text. We update loved ones via text. The advent of and mass adoption of text messaging begs the question: Is this text a valid will? Arguably, the effort made...
You did everything right. You found a tutor for your kid so she could get the highest SAT score possible. You helped him apply for all the right scholarships. You saved to help cover some of her other college expenses. Now your sweet baby is...
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...