REWRITES

REWRITES

By Tim Barkley. July 2016. “My wife just passed away,” the client said, matter-of-fact mien betrayed by a moistening of the eyes. “She was my power of attorney and executor of my will. I think I need new papers.” “I’m sorry to hear,” the lawyer replied. “When did she die?” “Around Valentine’s day,” the client clarified. “The kids and I have been working through things and I think this is the last thing I need to do.” “So was everything in joint...

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NOW WHAT?

NOW WHAT?

By Tim Barkley. December 2013. The phone rang. The voice on the other end was subdued, but firm. “This is Ricky. You met with Susan and me about our mother. My wife just passed away. She had a heart attack and died at work yesterday. I need to know what to do – she didn’t have a will. Is the State going to take everything?” “I’m so sorry,” the lawyer empathized. “There’s nothing you really need to...

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FEEDING YOUR TRUST

FEEDING YOUR TRUST

By Tim Barkley. March 2013. Now that you’ve set up your living trust, you need to feed it to make it grow. In legal parlance, you need to “fund” your trust. The benefits of a living trust – probate avoidance, privacy, efficiency, estate tax avoidance – may be lost if you do not take the time to fund your trust and maintain it. “Funding” your trust means transferring title to your assets to your trust. Funding also includes making your...

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END-OF-YEAR PLANNING 2012

END-OF-YEAR PLANNING 2012

By Tim Barkley. December 2012. With each new year comes a new opportunity to consider your estate plan and make sure it is up-to-date – or to make one if you don’t have on already! Because we are time-bound mortals, the change of seasons reminds us of changes in our lives and of their fragility. Have you ever drafted documents at all? If not, you should know that the State’s choices on your behalf are not usually the best ones for you or your...

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