Tag Archives: Estate

National Survey Reveals Tail-End Boomers Avoid Participating in Parents’ Estate Planning: Survey by LegalZoom.com Finds that Younger Boomers Avoid their Parents’ Estate Planning, while Older Boomers are More Likely to Discuss and Participate in the Process


Mesa / Phoenix Law Firm Emphasizes the Importance of Timely Estate Planning

Mesa/Phoenix, AZ (PRWEB) September 22, 2009

Most people procrastinate estate planning until they near retirement age; however, life always involves the unexpected and failure to create and regularly update an estate plan may result in a loss of a significant portion of an estate to taxes, probate costs and litigation expenses. It can also result in loved ones not getting what they were intended to receive.

“Every adult 18 years of age and older who has a bank account, a home, a retirement account or other assets should review the need for an estate plan with a qualified attorney,” says Michael L. Ferrin, founding partner of the law firm of Gibson Ferrin & Riggs, PLC.

“Estate planning is the accumulation, preservation, and distribution of your assets,” says Ferrin. “A good estate plan should reduce tax liability, protect assets from creditors, promote financial well being and security and leave a legacy for those you love.”

Ferrin, whose expertise includes various types of trusts, wills, powers of attorney and family limited partnerships, explains that the type and complexity of the estate plan may vary greatly depending on factors such as the value of the estate, types of assets held, marital and family issues, age and other factors, but almost every adult needs some level of planning.

“Estate planning can be a complicated and sometimes confusing process,” he adds. “That is why it is so important to have trusted professionals assisting you with this important process.”

Ferrin points out that beneficiaries of a well-prepared estate plan will gain tax savings, convenience and asset protection, but the greatest benefit to a person may be the peace of mind in knowing that her or she has provided for family members and loved ones.

“Don’t put if off,” Ferrin cautions.

“A friend of our law firm who provided technical support services to us over the years would often stick his head in my office and say, ‘I need to come in and see you so you can help me with a trust.’ I would tell him, ‘I would be happy to help you any time you are ready,'” Ferrin relates. “About a year ago he said to me, ‘I am leaving on vacation with my wife, but when I return we are going to come see you for a trust.’ ‘I will look forward to it,’ I replied. Unfortunately, the couple was killed in a head-on collision with a drunk driver while returning from that vacation. The family was completely unprepared for this event, and the family went through a great deal of expense, stress and turmoil as a result.”

“We, unfortunately, do not usually know when it is our time to go,” he says. “We just know that eventually the time will come, and it is critical that we be prepared when it does. The time to start working on an estate plan is now.”

Ferrin notes that once a person has an estate plan in place it is important to regularly review and update it to make sure it is still applicable.

“If you experience any major life changes – marriage, divorce, and birth of a child or death of a spouse or child – update your estate plan immediately,” he says. “Generally, any change in your personal, family, financial or health situation or a change in the tax laws, could prompt a change in your estate plan. It’s a good idea to review your estate plan every year. Set aside a specific time every year (birthday, anniversary, family gathering) to review it.”

To help with the important task of estate planning, Gibson Ferrin & Riggs offers a free, 30-minute consultation to determine what type of plan is best for individual needs.

In the consultation, attorneys will explain the advantages and disadvantages of different estate planning techniques, what fees are involved in setting up the various types of estate plans and help work out a convenient payment plan if needed.

Call attorney Michael L. Ferrin at 480-633-8100 to schedule a confidential and comprehensive consultation.

The attorneys at Gibson Ferrin & Riggs, PLC concentrate their practice on serving individuals, families and small business owners with business-related issues, family law and estate planning. They can help identify and assess the interests that matter most to their clients and work to preserve, promote and protect them. Visit their website at http://www.gfrlegal.com, visit their blog at http://www.biziboom.com, and download the e-book “Ten Fatal Mistakes that Business Owners Make (And How to Avoid Them)” by founding partner Scott F. Gibson, at http://www.gfrlaw.net/firmpublications.aspx. The firm’s expertise in commercial litigation and business, family and estate law is recognized throughout the Phoenix / Mesa area.

# # #

San Francisco Bay Area Tax Attorney Releases “Buying U.S. Real Estate When Your Child Studies In America” Guide for Non Resident Aliens

(PRWEB) August 30, 2011

Silicon Valley estate planning and probate lawyer Janet Brewer has released a new guide, “Buying U.S. Real Estate When Your Child Studies In America.” The free 14 page guide is available at calprobate.com/NRA.

If you are a non-citizen putting a title in your name, it makes sense to have a qualified advisor help you avoid tax traps, says Brewer. Otherwise, if something were to happen, you would only be entitled to a $ 60,000 exemption from U.S. gift and estate taxes. Non-resident aliens (NRAs) pay a much higher rate of gift and estate taxes than U.S. citizens. The good news is that with a smart investment in good counsel, you can protect both your loved ones and your assets.

Real-World Examples Illustrate Key International Estate Planning Issues

Brewer gives examples of nonresident aliens from several countries to illustrate key questions, issues and choices such families often face. The examples are made up, she explains, but if your situation is anything like those in my examples, you need the help of an experienced international estate planning attorney.

Example #1: The Sasakis Learn the Risks of Online Legal Forms: If something happened to Emiko and Dai Sasaki of Tokyo, their son Hiro, a student at Stanford, could face a tax bill of $ 143,000. Learn how Dai hires an attorney and creates a tax-saving plan.

Example #2: The Francos Coordinate Estate Planning Between Countries: Genevieve Franco of Paris studies at USF and lives in the Francos’ second home in Burlingame. Learn why the Francos urgently need an attorney’s help to coordinate estate planning between the U.S. and France.

Example #3: The Laus Benefit From Proper Healthcare Authorizations: Kim Lau of Hong Kong, a student at California University of Management and Technology, gets injured one day. Learn which documents on file authorize his doctors to share health information with his parents.

Example #4: The Patels Fire Their Prepaid Legal Plan: The Patels of Bangalore, whose daughter Kali is entering Menlo College, try a prepaid legal plan for international estate planning. Learn why they soon switch to working with a highly regarded attorney instead.

Example #5: The Vogels Pass On Both Values and Valuables: Peter Vogel of Frankfurt owns a Pacific Heights home. Learn how he structures his estate plan to express his values to his daughter Iris, who is entering law school at Hastings, and to future grandchildren.

Trend: More NRAs Purchasing in College Areas

The United States has long been a desirable place to own property. A recent survey by the National Association of Realtors as part of its 2011 Profile of International Home Buying Activity found that the number of foreign exchange students at U.S. colleges and universities has increased the demand for real estate by foreign buyers. Many foreign families purchase U.S. properties in college areas so their child has a place to live and to take advantage of what appears to be a buyers market.

Why Putting Off Estate Planning Is Especially Risky for NRAs

Some people consider it bad luck to discuss death, acknowledges Brewer. But its important to set aside our emotions and consider a key fact: Federal estate and gift tax laws impose onerous restrictions on non-citizens – even if you have a green card. Consider:

Outright gifts during your lifetime to a non-U.S. citizen spouse including making him or her joint owner of certain assets can trigger gift tax problems immediately.

A non-resident non-citizen with no green card who bought a $ 1.5 million house with cash, intending to leave it to one of his children through a will or trust could trigger an estate tax of $ 495,000. With advice from the right expert, she could avoid that tax bill.

Likewise, gifts at death to a non-citizen spouse may not qualify for the unlimited marital deduction. Your unsuspecting widow or widower may be forced to pay hundreds of thousands of dollars in estate taxes shortly after your death.

If an investor buys a $ 1.5 million property in U.S. and dies owning it without ever having put it in a trust, the probate cost alone could be as much as $ 28,000. If that investor also happens to be a non-resident alien, the estate taxes could be $ 495,000.

The takeaway: Even if your estate is modest, the tax effects of poor planning on NRAs can be devastating.

Series of Guides Cover a Range of Perspectives

The guide released today is one in a series of estate planning and asset protection guides offered by Brewer at calprobate.com/resources:

Choosing Your Bay Area Estate Planning Attorney: 6 Point Checklist, 4 Examples, 15 FAQs, Typical Fees, and More (June 2011)

U.S. Gift Tax and Estate Tax Planning for Non-Residents and Non-Citizens (Feb 2011)

Year End Tax Law Update for Bay Area Families (2010)

Tax Law Update for San Francisco Bay Area CPAs Serving High Net Worth Clients (2010)

How to Choose Your Trustee in California (2010)

Brewer also publishes each week at the California Probate, Trusts, and Estate Law Blog and posts tips and links on Twitter, Facebook, and LinkedIn. Those on Brewer’s mailing list get the earliest notice about new resources when they come available.

Examining Your Options Now

In my 20+ years as an estate planning attorney, I’ve found that most families and perhaps especially nonresident aliens (NRAs) want straight talk when it comes to legal and financial matters, Brewer says. Too many parents of children studying in America fly in the dark when it comes to securing their loved ones financial future. I have heard so many heart breaking stories of families having to pay dearly during painful times because they lacked an adequate estate plan. My team and I can set up documentation, write any complex agreements, and take other steps to help protect families. But only you can take the very first step: examining your options now.

About the Law Offices of Janet L. Brewer

If you’re like most people, you don’t want to think about what might happen to your loved ones after you’re gone — or to you if you were to become disabled. But for lasting peace of mind, effective estate planning is a necessity. It involves asking, What is truly important to me? Who should care for my minor children? How much money is “enough” to leave to my family? What should be my financial legacy?

We help guide you in addressing these issues, with legal services for wills, trusts & estates. We specialize in:

International estate planning for non resident aliens
Probate services for those in the Silicon Valley area
Asset protection for Bay Area families
California estate planning
Fiduciary counseling and estate administration

Ensure you get a responsive, straight-forward approach to estate planning from an experienced estate planning professional. Janet Brewer is a Palo Alto probate, trusts, and estate planning attorney with an advanced degree in tax law. She has practiced California estate planning, advanced gift-planning, and California probate law exclusively since 1991, and is Certified as a Specialist in Estate Planning and Probate Law by the California State Bar Board of Legal Specialization.

Learn more at calprobate.com or call (650) 325-8276.

Serving Palo Alto, Atherton, Portola Valley, Woodside, Los Altos, Mountain View, Sunnyvale, Menlo Park, Redwood City, Belmont, San Carlos, San Mateo, Burlingame, Santa Clara, Cupertino, Saratoga, Los Gatos, Campbell, San Jose, Santa Clara County, San Mateo County, Alameda County, San Francisco County, Santa Cruz County, and Silicon Valley.


Arab-based Law Firm Helps Alabama Residents with their Estate, Business and Family Issues

Arab, AL (PRWEB) January 25, 2012

Hawkins Law provides legal guidance to help clients achieve their goals in various areas of law such as family law, business law and estate planning. The firm has experienced attorneys who have a wealth of knowledge that can help clients create a strategy for a successful plan and case.

Hawkins Law can help clients with their estate planning and management. Estate planning can take many forms. Some clients may only need a simple will paired with a power of attorney to carry out their wishes if they should become incapacitated. However, estate planning attorneys have other devices at their disposal such as testamentary trusts, revocable trusts and customized trusts that may meet ones specific needs more closely.

Estate plans should be reviewed every so often, especially when there are changes in the family dynamic such as marriages, births, divorces, deaths, or inheritance, as well as changes in business ownership and retirement plans. Estate plans are for both personal and business use. In fact, estate plans can protect a business if a change is required due to retirement, death or medical reasons. Estate planning services can include dealing with issues such as wills, power of attorney, estate litigation and probate proceedings amongst others.

In addition to estate planning, Hawkins Law specializes in business law and litigation. Business law attorney Lana Hawkins has more than 20 years of experience in corporate law cases. During her tenure as a business law attorney, she handled private equity financing, company mergers and acquisitions as well as public offerings and strategic alliances. Furthermore, she has represented clients in securities law compliance and insider trading situations. She is versed in many types of law as a dedicated attorney to represent any side of a business dispute.

Rachel Jarrett is a child custody lawyer and partner with Hawkins Law who specializes in family law. She is devoted to helping families settle cases out of court when possible and is sensitive to child custody cases and family law situations. She also practices as a business law attorney in corporate cases and legal matters.

The Hawkins Law team can be consulted on estate planning needs, child custody suits and corporate and business cases. They have a commitment to legal justice which is demonstrated by a wealth of experience and knowledge to help their clients establish and succeed in their case.

Anyone interested in consulting Hawkins Law LLC can visit http://www.hawkinslawllc.com website, or call to 256-586-4510 for more information about their services.

# # #

McKinley Irvin Expands Practice to Include Estate Planning

Seattle, WA (PRWEB) March 26, 2012

McKinley Irvin, the Seattle-based law firm which exclusively practices divorce and family law, is announcing an expansion of its law services to now include estate planning. With this addition, clients of McKinley Irvin can now receive guidance on the difficult process of drafting a will.

While estate planning may not be on the forefront of everyones minds, these arrangements should be made by all families at some point, says David Starks, managing partner of McKinley Irvin. Our lawyers tailor each estate plan to fit the needs and wishes of each individual, so the process is pain free and our clients can rest assured knowing their estate planning needs have been taken care of.

With McKinley Irvins years of experience in divorce and family law, estate planning is a natural expansion of their services. It is well established that reviewing wills and estate plans should be a top priority for those going through a divorce, to prevent an ex-spouse from inheriting property or otherwise having control over assets in the event of incapacitation.

Digging up all the proper estate documentation required in divorce proceedings can be a real headache, says Starks. Our new service spares our clients from having to go through that process a second time when planning their estate or drafting a will, because most of the documents crossover.

Estate planning is not just important for asset distribution after death. It is also essential for child custody issues, burial instructions, and power of attorney or health care wishes should a person become incapacitated.

McKinley Irvins estate planning services are available immediately, and interested parties can contact their offices at contact(at)mckinleyirvin(dot)com.

About McKinley Irvin

Headquartered in Seattle and with offices throughout the Pacific Northwest, McKinley Irvin is a premier divorce and family law firm, and the largest family law firm in the state of Washington. McKinley Irvin has protected the rights of families since 1991handling complex family law cases involving divorce, custody and international matters.

Organizations such as U.S. News & World Report, Thomson Reuters Super Lawyers, Martindale Hubbell, Best Lawyers, and the American Academy of Matrimonial Lawyers (AAML) have recognized the firm and its attorneys for leadership in the practice of family law. For more information about McKinley Irvin, visit http://www.mckinleyirvin.com.

Pozzuolo Rodden, P.C. Announces the Release of Estate Planning For New Parents: “The Birth Of A Child Is The Perfect Time To Review Or Implement An Estate Plan”

(PRWEB) September 28, 2012

The Law Firm of Pozzuolo Rodden P.C., announces the release of the article Estate Planning:”The Birth of a Child is the Perfect Time to Review or Implement an Estate Plan “. Below is a sample of the first couple of paragraphs. If you would like to read more, please read the full article and other corporate law, or estate planning topics at http://www.pozzuolo.com/Pubs_Newsletters.shtml

The Birth of a Child is the Perfect Time to Review or Implement an Estate Plan

When a couple has their first child, they may be so overwhelmed with the new responsibilities of parenting that they may not even consider the importance of implementing an estate plan for their family. However, the birth of a child is the perfect time for a couple to provide for the welfare and security of their family by either: (a) beginning their estate plan, if they have not done so already; or, (b) revisiting their existing estate planning documents to ensure that their documents properly protect their new family.

For new parents, there are several reasons to prepare an estate plan upon the birth of their first child: To plan for the care of the child if both parents are deceased; To ensure that the childs inheritance is properly managed and to determine who will handle the childs property during his/her minor years or in todays world, until the child graduates from college or graduate/professional school; and To plan for the cost of the childs future educational needs.

Even though estate planning is essential for young families, many young couples postpone estate planning discussions due to the mistaken belief that they do not need an estate plan because they are young and healthy or these discussions conjure up negative feelings about death. Yet, many couples fail to realize that being proactive and preparing an estate plan can actually alleviate some of the fear associated with death and dying.

Guardian of Minor Children

The most critical aspect of an estate plan for new parents is deciding who will take care of minor children upon the untimely death of both parents. In a properly drafted Will, new parents can designate who will be the guardian of minor children if their spouse does not survive him/her. Some parents delay writing a Will because they cannot decide on a guardian and thus, risk leaving a court with no guidance as to who should be the proper guardian for minor children. Rather than postponing the drafting of a Will altogether, a couple should name a first and second choice of guardian and then change those choices later, if necessary. Remember, a Will can be amended. It is not a stagnant, unchanging document. ……

If you would like to read more, please read the full article “The Birth of a Child is the Perfect Time to Review or Implement an Estate Plan” and other corporate law or estate planning topics at http://www.pozzuolo.com/Pubs_Newsletters.shtml

Pozzuolo Rodden, P.C. provides specialized cost-effective legal services to privately held business owners and high-net-worth clients in Pennsylvania and New Jersey in excess of 35 years.

Practice Areas:

Business planning and transaction, complex business litigation, commercial real estate and development, construction law and litigation, advanced estate planning and administration, tax and pension law, high profile and intricate family litigation, and employment law and litigation.

Pozzuolo Rodden, P.C.

Counselors at Law

2033 Walnut Street

Philadelphia, PA 19103



Deena’s Full Circle Real Estate Expands In the New Year

(PRWEB) January 5, 2005

Deena Vaughn’s Full Circle Real Estate Experience begins the year with expanded services. She has formed a new real estate partnership with CPS Avalar (Creative Property Services) at their Cleveland Avenue office in Santa Rosa.

A true real estate specialist, Vaughn has been helping people achieve their dreams for more than 20 years. Her combined 10 years experience as a California General Contractor with 12 years as a mortgage profession are integral to Deena’s Full Circle Real Estate Experience. Her skills as a realtor result in a unique understanding of the needs of the buyer and the seller, ranging from the loan process to various aspects of building and/or remodeling. “I believe home buyers and sellers should get all they deserve,” said Vaughn who provides excellent customer service during and after each transaction.

This Santa Rosa resident is highly committed to the community she serves. Her volunteer efforts include Connections, a Forum for Women in Business, The Women’s Council of Realtors, Rohnert Park’s Women in Business, A Circle of Sisters which mentors young girls)The Children’s Village, and the American Heart Association’s “Go Red for Women Day” coming up Feb. 16th. An industry leader, CPS Avalar with the largest market share of the many real estate companies in Sonoma County is proud to be associated with Deena’s Full Circle Real Estate Experience.

For more information, contact Deena Vaughn at (707) 695-6687 or visit http://www.DeenasFullCircle.com.

Media contact only:

Karen Pierce Gonzalez Public Relations 707-792-4376


Pozzuolo Rodden PC, Philadelphia Estate Planning Attorneys, Announce the Release of the Article “How To Use A Trust To Protect Your Children’s Inheritance From Divorce”

(PRWEB) February 22, 2013

The Law Firm of Pozzuolo Rodden P.C., announces the release of the article “How To Use A Trust To Protect Your Children’s Inheritance From Divorce”. Below is a sample of the first couple of paragraphs. If you would like to read more, please read the full article and other corporate law, or estate planning topics at http://www.pozzuolo.com/Pubs_Articles.shtml

How To Use A Trust To Protect Your Children’s Inheritance From Divorce

“Parents never want to envision their children going through a divorce, yet divorce is a common statistic and every parent should be aware of how to protect their childrens inheritance in the event of divorce. Placing your childs inheritance in a trust is an important estate planning tool that every parent should consider.

Commonwealth Partnerships Launches Marketing Service for Commercial and Residential Real Estate Industry

Richmond, VA (PRWEB) May 04, 2011

Commonwealth Partnerships (CP), a real estate marketing firm, officially launched today. The company provides innovative and cost-effective marketing, branding, client management, community relations, website development and competitive intelligence services for the real estate industry.

CP offers a full suite of services for the commercial and residential real estate industry, offering a true partnership for the entire real estate and development life cycle. Formerly known as RichmondHomeBuzz, CP will build on its existing expertise in the residential market to craft customized and strategic marketing campaigns for the commercial real estate sector as well. The company offers a variety of pricing arrangements, including flat fee options, to provide predictability and value for its clients.

The impressive tools we offer clients and our dedication to customer service will further differentiate CP as a leader in the Central Virginia business and real estate communities, said Mike C. Gray, CP partner and co-founder.

Along with Gray, the company was founded by Mark P. Hickman, Gregory P. Hofbauer and Andrew K. Ryan. All four partners and co-founders are graduates of the University of Richmond and work and live in Central Virginia. They are dedicated to the Central Virginia region and are involved in a number of civic organizations. CP also provides pro bono services to local nonprofit organizations, such as the Richmond Metropolitan Habitat for Humanity.

Our hyper-local focus on the Central Virginia area is a true asset and underscores our understanding of this region, noted Hofbauer.

Not only does our local focus give us an advantage in this area, but our creative and customized campaigns add additional value for our clients, added Hickman.

With experience in both real estate and marketing, CPs partners offer their clients trusted and unique expertise. The variety of services ensures a partnership that encompasses all aspects of the real estate cycle. At CP, we believe in becoming long-term and trusted partners that deliver unsurpassed support, said Ryan.

For additional information on CP, contact us at info(at)commonwealthpartnerships(dot)com or 804-354-0964. You can also follow CP on Facebook (http://www.facebook.com/pages/Commonwealth-Partnerships/133335653393323) and Twitter (http://www.commonwealthpartnerships.com/Twitter).

About Commonwealth Partnerships

Commonwealth Partnerships, LLC was founded in 2009 by a partnership of marketing, public relations, and real estate professionals who recognized the need for effective and innovative marketing and branding services designed specifically for the real estate industry. Based in Richmond, VA, we provide strategic and customized services for local real estate companies and professionals. For more information, visit http://www.commonwealthpartnerships.com.


Case Property Services’ Shlomo Chopp Named a “Tomorrow’s Leader” by Real Estate Forum

New York, NY (PRWEB) March 25, 2013

This month Real Estate Forum has issued its 67th Annual Review & Forecast Issue in which it recognized Case Property Services (CPS) Managing Member Shlomo Chopp among Tomorrows Leaders in New York commercial real estate. Citing his positive track record in advising owners of distressed real estate, the recognition highlights Chopps unique approach to successfully resolving properties distressed properties and loans.

Addressing a sore need for multi-disciplined property turnaround specialists, Case Property Services has been effectively guiding commercial property owners in taking a property first approach to resolving distressed assets. A key focus is negotiating with Special Servicers — the parties responsible for resolving distressed loans on behalf of the Commercial Mortgage Backed Securities Trusts.

Shlomo Chopp is the most intelligent and thoughtful consultant in the world of CMBS debt that I have met, said Fred Cordova, Executive Vice President of Colliers International, who recently worked on a distressed project with Mr. Chopp. Shlomos insights into and knowledge of the world of CMBS debt, the rules and regulations governing it, and the nuances of developing workout strategies for borrowers and lenders are unparalleled. He has taught us a great deal and been invaluable to our platform.

Prior to CPS, Chopp spent time in the real estate technology industry where he advised New York Citys real estate brokerage firms in the utilization, customization, and integration of brokerage management software. Simon Ziff, President of the prestigious real estate finance firm Ackman Ziff who has known Shlomo since 2003, including his time in real estate technology, commented “Shlomo’s approach to his work has always been to tackle and improve on market inefficiencies. This recognition of his talent is well-deserved.”

While intended to be the subject of the workout, often a distressed propertys financial viability is a casualty of arbitrary horse trading. Under Chopps leadership CPS follows an education and analysis driven approach to bridge the knowledge and communication gap between the borrower, equity partners, and special servicers/lenders.

To be recognized by a prestigious publication such as Real Estate Forum is truly an honor, said Mr. Chopp of the announcement. I will continue working tirelessly in adding value to the real estate community, and help real estate owners successfully resolve their distressed properties and debt. My ultimate and ongoing goal continues to be fulfilling the high expectations of my clients and investors.


Case Property Services (CPS) is a Distressed Debt Advisory firm specializing in CMBS loan restructuring, property turnaround, and profits based performance improvement. CPS has been involved in over $ 400 Million of distressed asset restructurings, and delivers specialized consulting and industry expertise to real estate stakeholders seeking to overcome challenges, accelerate profitability and maximize value of their real estate. http://www.caseps.com.

To follow the latest news and announcements from Case Property Services, visit http://Blog.CasePS.com.