Monday, May 23, 2016

How To Prepare A Will - The Onion - America's Finest News Source

This is not the recommended way to proceed with your estate planning! It does match the Onion's unique approach to everything.

How To Prepare A Will - The Onion - America's Finest News Source:

There are other articles here which provide you a more effective road map for your estate planning. For humor it's hard to beat the Onion!

Wednesday, March 23, 2016

The Top Reason People Don't Plan: Procrastination!

As a wills and trusts lawyer specializing in estate planning I can confirm that there are many reasons folks have not completed their plan. Interestingly the number reason is the easiest one to fix--procrastination.

In the article below that road block is discussed further:

Top Enemy of Estate Planning Article

We all know about procrastination and we all know what it does: nothing. In my field of wills and trusts it has disastrous results. When you procrastinate about your estate plan you place at risk not just yourself but your entire family.

By not planning you have no protection against any risk. Not just the bad risks, death or total disability, but ANY risk. One of the most important reasons to do your will and estate plan is reduce or eliminate risk. Advantages of planning with urgency-planning NOW include:

We face each day a decision point. Will we take positive action today or will we put it off, sometimes putting it off multiple times or days. The thing about estate planning is that you will never know if you waited too long. Well, maybe you will as you lie in the bed in the hospital or rest home. Certainly your family will know and they are the reasons that most clients get started and finish their will and estate plan.

Decide today that it is time to move from being unprepared to having yourself and your family protected.

Let us help you today. Please join our conversation. Let me know if you have questions or comments.

Bernie Greenberg

Monday, February 29, 2016

Business Continuity Planning: Estate Planning for Business Owners

Many business owners have not addressed what happens to their business and business interest should certain events occur. What about you? Do you have a written plan if any of these events happen:

1. You are sick and can't work.
2. You are disabled and won't work again.
3. You die.

Planning for these areas is known as business continuity planning or more simply, estate planning for business owners. There are two main issues at play:

1. What happens to the business if something happens to you?

2. What happens with YOUR interest in the business if something happens to you?

If you don't know the answers to these or don't have a written plan that addresses these, it is time to sit down with an estate planning attorney specializing in estate planning for business owners. The qualifications necessary are covered in other articles below.

Feel free to call or email me with questions on this or any of our articles. Thank you for your interest.

Bernie Greenberg