February 2018 Archives

Estate Planning: The Three P's

The term "Estate planning" conjures up a lot of misimpression. It's not uncommon for people to say "I'm not rich like Bill Gates, so why do I need estate planning?" or "I'm young and in good health, so why do I need estate planning?" The fact is, you don't have to be rich, elderly, or in poor health to need basic estate planning. Estate planning is important and necessary for every adult.

What happens when spouses die simultaneously?

Although it is unthinkable, imagine a scenario where husband and wife die at the same time. Even though it may seem unlikely, it happens. Just this past year our firm handled the probates of a husband and wife who were killed instantly in a car accident. When spouses travel together, it can happen. Regardless of whether by plane, train, or automobile, simultaneous death can occur. With wise planning, a couple can avoid undesirable legal consequences caused by their simultaneous death.

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