HOME ALONE

HOME ALONE

By Tim Barkley. September 2016. Estate planning is often discussed in the context of the “typical American family” – Mom, Dad and 1.8 happily adjusted children. But what if that’s not you? Planning for unmarried, divorced or widowed clients who have no children presents a special challenge to the planning professional, and requires ingenuity and resourcefulness to avoid the traps for the unwary. The parents of the “typical American...

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FSBO – FOR SALE BY OWNER

FSBO – FOR SALE BY OWNER

By Tim Barkley. February 2014. Rick and the lawyer sat at the conference table.  “I know it’s not the usual thing, to move right after my wife has died, but I have a chance at a promotion at work if I transfer to the Dallas office.  And my neighbor wants to buy the house so his daughter can live there.  He wants his grandkids closer than Hagerstown. “What do we need to do?” The lawyer nodded.  “You’re right,” he affirmed,...

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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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