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...
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...
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...
There is common thinking that says if you want something done, do it yourself. Although this might be true in some situations, it is not the best approach when it comes to representing yourself in court. Abraham Lincoln said, “He who represents himself has a...
Do you operate a traditional business, have a rental house and own a personal car? Do you have multiple pieces of land or a home? What about other personal property that you value? If the answer is yes to any of these questions, then forming...
Some people say that probate is easy. The definition of easy is often based on perspective and experience. For example, a DMV employee might think it is easy to obtain or renew a driver’s license. However, over the past two years there have been numerous...
One’s 18th birthday is a momentous occasion. No longer a child, but not quite a full-fledged adult, right? At 18, you can vote, drive without most restrictions, buy or sell real estate, enter into contracts and more all while starting college or a chosen profession....
Even the most organized, proactive person is often at a loss for “what to do next” when faced with the death of a loved one. Overwhelming grief and sadness often cloud decision making. However, there are practical steps that can to be taken to help...