When estate planning is done in such a vacuum, even if your assets set up to take care of your family over time, the result will be devoid of the heart and history that went into the construction of it. Much like the legendary Library at Alexandria which housed countless volumes of priceless information, your life has been built with the hard-earned lessons and experiences that have been instrumental in making you who you are. When your descendants know where they come from and the kind of strength that lies behind them, they are empowered to move forward in the same spirit that brought them to this point.
Typical estate planning focuses on avoiding the problems that arise at the point of death. Dynasty Estate Planning focuses on avoiding the problems that arise next, after avoiding probate and estate taxes. There are seven hallmarks of a Dynasty Estate Plan.
The History and the Problem of Gun Trusts. Just after the end of Prohibition, in 1934 Congress passed the National Firearms Act (“NFA”) The NFA has been amended from time to time. There was the Gun Control Act of 1968, the Firearm Owners Protection Act of 1986, the Brady Hand Gun Violence […]
Marital Property Issues Estate planning is necessarily multi-disciplinary. It touches upon many aspects of law. It affects taxation, property, family, and business concerns. Marital Property rights is a critical element in legal planning. The changes go both ways — the estate planning affects marital property interests and marital property affects the planning. This is […]