How to Talk to Mom & Dad About Creating an Estate Plan

Posted by Matt Perkins | Mar 15, 2021 | 0 Comments

Conversations about death and dying are rarely fun. Most people avoid them because they invoke feelings about our inevitable demise. Broaching this subject can be particularly difficult for parents and their adult children. Adult children may avoid bringing up the topic because they do not ...

Third-Party Supplemental Needs Trusts

Posted by Matt Perkins | Feb 22, 2021 | 0 Comments

If you want to provide for a loved one who is disabled or has special needs when you are no longer here, care must be taken to ensure that the inheritance you leave will help rather than harm your loved one. An inheritance received outright could negatively impact your loved one if he or she is c...

Severing Joint Ownership of Property

Posted by Matt Perkins | Feb 15, 2021 | 0 Comments

One of the most common forms of property ownership in the United States is joint tenancy with rights of survivorship (JTWROS or joint tenancy). But what is joint tenancy? Joint tenancy is a legal right to property that provides the owner an undivided right to the enjoyment of the property. In oth...

Should You Own Your Timeshare in Your Trust?

Posted by Matt Perkins | Jan 04, 2021 | 1 Comment

Timeshares have come a long way since they first arrived in the real estate market back in the '70s. In the early days of timeshare ownership, high-pressure sales tactics, exceedingly vague contracts, and inflexible scheduling policies caused many people to quickly regret such purchases. Over tim...

Can Dual Citizenship Ruin Your Estate Plan?

Posted by Matt Perkins | Dec 28, 2020 | 0 Comments

In early 2020, married actors Tom Hanks and Rita Wilson became honorary citizens of Greece.  The president of Greece bestowed this honor upon them due in large part to their humanitarian work in the country after a deadly wildfire swept through Athens in 2018. Hanks and Wilson spend considerable ...

The Recipe for a Satisfying Estate Plan

Posted by Matt Perkins | Dec 21, 2020 | 0 Comments

Misconceptions about who needs an estate plan abound. Most people believe that estate planning is only for extremely wealthy business moguls or celebrities. But that could not be further from the truth. Estate planning is the process of making decisions about what happens to you, your money, and ...

You Inherited a Retirement Account: Now What?

Posted by Matt Perkins | Dec 07, 2020 | 0 Comments

For decades, common financial planning wisdom has encouraged almost all American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most sta...

Wills, Trusts, and Dying Intestate: How They Differ

Posted by Perkins Law Group | Nov 05, 2020 | 0 Comments

Most people understand that having some sort of estate plan is a good thing. However, many of us do not take the first steps to get that estate plan in place because we do not understand the nuances between a will and trust –and dying without either.   Here is what will generally happen if yo...

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