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Assisted Reproductive Technology and the Real Impact on Estate Planning

Mon 16 Aug, by on Estate Planning, Probate

Assisted Reproductive Technology and the Real Impact on Estate Planning

According to data provided by the Center for Disease Control (CDC), approximately 1.9% of all infants born in the United States, 81,478 in 2018, were conceived using assisted reproductive technology (ART).[1] ART is defined by the CDC as all fertility treatments in which both eggs and embryos are handled: It can involve a number of procedures, the most well-known being artificial insemination, in-vitro fertilization, and cryopreservation (genetic material frozen for later use). Another related arrangement …

Legal Requirements to Consider When Selecting an Executor

Fri 6 Aug, by on Estate Planning, Probate

Legal Requirements to Consider When Selecting an Executor

The person you choose to be your executor (sometimes called a personal representative) will play an extremely important role, as that person will be responsible for gathering, securing, managing, and ultimately distributing your money and property when you pass away. As a result, you should make your selection only after careful consideration regarding who is the best person to fulfill this role. Don’t just choose your oldest child because that’s what you think is expected: …

Conservation Easements: Preserving a Heritage With Tax Benefits

Fri 30 Jul, by on Estate Planning, Probate

Conservation Easements: Preserving a Heritage With Tax Benefits

You may have heard about conservation easements in the news over the past few years and the tax benefits available through the use of them. But what are they and how can they benefit you?  Defining Conservation Easements A typical conservation easement is created when a landowner makes an agreement (known as a “servitude”) with a charitable organization or government “land trust.” This agreement gives the organization or land trust certain rights to preserve and …

Why Your Marital Agreement Should Be Shown to Your Estate Planner

Fri 23 Jul, by on Estate Planning, Probate

Why Your Marital Agreement Should Be Shown to Your Estate Planner

It is not uncommon for couples to enter into marital agreements stating what property is separately owned by each spouse and the property rights each spouse will have in the event of separation, divorce, or death. They are most common when one or both of the spouses is wealthy, owns a family business, or expects a large inheritance, as well as when one or both spouses marries for a second time. Because these agreements can …

Seven Ways to Avoid Family Fights Over Your Property

Fri 16 Jul, by on Estate Planning, Probate

Seven Ways to Avoid Family Fights Over Your Property

Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively and eye-opening conversation. Far too many families end up fighting, or at least experiencing tension, over a family inheritance. But it does not have to be that way. Many families have worked through the details of divvying up a deceased loved one’s property remarkably well and ended …

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