If you are recently married or have been married and are acquiring additional assets, know that you have options when it comes to how the property will be titled. And, although joint tenancy seems like an easy and convenient choice, it may not work as well as you would think. What is Joint Tenancy? After getting married, it is common for couples to take title to one another’s bank accounts, brokerage accounts, personal property, and other assets as joint tenants with rights o

For richer or for poorer, in sickness and in health. It is that time of year – the time for beautiful weddings, fun receptions, delicious cakes, special gifts, and romantic honeymoons. While this is a joyous time for everyone, it is also time for you and your new spouse to plan for your future–for richer or for poorer, in sickness and in health. Why Newlyweds Need to Plan Their Estates Why should newlyweds care about estate planning? Because everyone–young or old, married o

Now is the perfect time to start working on an estate plan—because, as newlyweds, you may not have a list of your accounts, but you have effectively just done a working inventory of your possessions—as you have figured out how to consolidate two households into one. You have already been working on the new banking and shared responsibility of bills and taxes and so forth. Use all that time and energy and work as a leapfrog into planning for your future—so you will much more p

If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs. But eventually, someone will need to step in for you when you are no longer able to act due to incapacity or after your death. Thus, your successor trustee plays an important role in the effective execution of your estate plan. Responsibilities of A Successor Trustee At Incapacity: If you become incapacitated, your successor will step in and t