Personal care contracts or caregiver agreements can solve a variety of problems because they allow an elderly or disabled individual the option to remain in their home while allowing funds to be paid out to that caregiver for assistance leading to a penalty-free transfer of assets and reimbursements for care provided. In order for a care…
Written by Robert Nickerson There’s no denying that having an estate plan can bring a lot of negative thoughts about your loved ones; especially death. But there’s also no denying that every family needs one. We can prepare as much as we want for the future, but there’s one thing we can never predict: timing. Timing…
Written by Robert Nickerson In February of 2019, there was a lot of speculation regarding the $150 million dollar estate of Karl Lagerfeld in France. It had nothing to do with his financial assets or property. It had to do with his cat Choupette. Yes, his pet housecat. But this was more then a pet;…
Written by Robert Nickerson Have you found yourself in a position where your not sure what to do when a love one has passed away? We’ve all been in that boat. It something that’s never easy to talk about, but there are things you can do to make it easier. I’ve experienced a lot of…
Editor’s note: I thought I would take some time to share this article about a racer who had been struck with Covid-19 and his experience with it. Bob Tasca, driver of the Motorcraft/Quick Lane Ford Mustang Funny Car in the NHRA Mello Yello Drag Racing Series was recently diagnosed with COVID-19 and will miss this weekend’s E3 Spark Plugs…
From the taxation of trust income in California to landmark civil rights decisions by the U.S. Supreme Court, we have recently seen some significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we’ve highlighted a few noteworthy developments and analyzed how they may impact your estate…
Estate planning is widely recognized as a means of transferring wealth from one generation to the next while minimizing both taxes and the risk of loss to creditors. A comprehensive estate plan not only transfers cash, investments, real estate, and vehicles, but also less commonly considered assets, such as intellectual property. While clients in certain…
Written by Robert T. Nickerson With the coronavirus wreaking havoc on the U.S. economy, the federal funds rate has taken a nosedive, dropping from 1.75% in January to 0.25% as of June 10th. With rates projected to hover around 0% for the foreseeable future, now is a great time to leverage low interest rates in…
Written by Robert Nickerson Here’s a scenario that a lot of parents of two children will likely debate about; should the distribution of your assets be equal? You might think, “how dare you suggest this concept. Everyone needs to have a fair share”. I understand why you’d think two children should probably have assets split…
Trusts are one of the best vehicles to provide flexibility. The political and tax uncertainty as a result of the November elections, combined with the current health pandemic and economic uncertainty, all require flexible modern estate planning more than ever. Thus, many people are updating their estate plans and using trusts, which in turn will allow…