PROBATE AVOIDANCE ON A BUDGET

PROBATE AVOIDANCE ON A BUDGET

Probate Avoidance on a Budget. December 2016. [As published in Frederick’s Child] We shook hands and sat down. “Now, if I understood you correctly when you called to set the appointment, you are here to talk about wills.” “Well,” ventured the husband, “wills or trusts – I’m not sure what we need. We hear a lot about trusts.” The wife nodded. “My brother has a trust and says everybody should have one.” The lawyer pondered. “Trusts are a...

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HOME ALONE II

HOME ALONE II

By Tim Barkley. October 2016. Last month’s offering to our readers considered the effect of the Inheritance Tax on folks without spouse, siblings or children as estate beneficiaries. This month’s article offers practical steps to ease the task of your surviving nieces, nephews, friends or other loved ones as they try to sort out your affairs. First, and most basically, be sure your estate planning documents are up-to-date, and that...

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ACHING JOINTS. SOLUTIONS FOR JOINT OWNERSHIP.

ACHING JOINTS. SOLUTIONS FOR JOINT OWNERSHIP.

By Tim Barkley. April 2016. “When my husband died, my kids wanted me to put them on the house. I haven’t done it yet – should I? My daughter lives locally, and she’s on my accounts so that if something happens to me, she can take over.” Mrs. Selby was visiting her attorney to discuss updating her will after the death of her husband of over forty years. She was testing “conventional wisdom” against professional advice. Her four...

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WHAT ELSE DO I NEED TO DO? LETTERS OF ADMINISTRATION

WHAT ELSE DO I NEED TO DO? LETTERS OF ADMINISTRATION

By Tim Barkley. March 2016. The smartphone on the desk erupted in a coruscant display and intermittent insistent buzzing. The readout said “Mrs. Jones.” “Good afternoon, this is Tim,” intoned the lawyer. “How can I help you, Mrs. Jones?” There was a silence. “Hello, Mrs. Jones, this is Tim. How can I help you?” “Oh, it’s you! I expected to have to leave a message at this time of day.” “You might have, but that’s not your luck today – you’re...

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GETTING TO KNOW YOU – ESTATE PLANNING PROCESS

GETTING TO KNOW YOU – ESTATE PLANNING PROCESS

By Tim Barkley. February 2016. In beginning the estate planning process, your estate planning attorney should begin by getting to know you. Planning is for people. It is not a technician’s exercise in efficiency, though it must be both effective and efficient. Planning is about you and your values, not about taxes or money or assets. Your assets, money, and tax situation should be aligned with your values, and not the other way around....

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