How Do I Handle Inheritance?
September 10, 2020
The period leading up to and shortly after losing a close relative is often one of the most emotionally demanding times that we, as humans, experience.
Downs Law Firm, P.C.
Asset Protection
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Can I Avoid Family Fighting with Estate Planning?
September 1, 2020
One problem that frequently stems from the inheritance process is fractured relationships between siblings. Unfortunately, the common denominator in many of these situations is the parents’ estate plan.
How Do Children Divide Mom’s Tangible Property?
July 14, 2020
One of the biggest challenges for anyone administering an estate is how to distribute what are called its tangible items. Unlike other property which can be easily sold, turned into cash and divided equally, tangible property is unique and often can’t be equally split. Its value also often can’t be measured by what it could be sold for. A family photo album may have no monetary value, for instance, but great sentimental significance.
Why was Widow of Henry Ford II in a Fight over the Estate?
July 8, 2020
The heirs to Henry Ford II – the eldest grandson of legendary Henry Ford – filed a legal challenge against their late patriarch’s attorney, Frank Chopin, who is now the champion of Ford’s widow, Kathleen DuRoss Ford, 80.
What Do I Do If I’m Named Power of Attorney?
June 5, 2020
Has a loved one named you their financial power of attorney? Are you ready to take on all the responsibilities that entails? Hopefully, you won’t be called into action anytime soon, but with the coronavirus pandemic continuing, it’s something to think about.
Handling Inherited Investments?
February 20, 2020
Receiving an inheritance can be a double-edged sword. On the one hand, it’s overwhelming, thanks to the intense emotions associated with losing a loved one combined with the confusion about what to do with the newly acquired assets. On the other, an inheritance can re-invigorate your finances and create new opportunities for you and your family.
Some Estate Planning Steps for 2020
February 3, 2020
This time of the year is a great time to revisit your estate plan so you can ensure your legacy is protected for years to come.
An Inheritance and Divorce?
December 4, 2019
An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.
New Parent Estate Planning
October 3, 2019
There’s a lot of prep work to complete when you’re expecting a new baby. Expectant parents have a nursery to paint, strollers to buy, doctor’s appointments to attend, and nannies to hire.
What About Creditor Claims Against Jeffrey Epstein’s Estate?
September 30, 2019
Generally, when settling an estate, debts and expenses are paid first, charitable and spousal transfers follow, and applicable estate taxes are levied afterward.
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