Keeping Your Estate Plan Private

For some people, keeping financial matters private, even after death, is a high priority.  You can maintain your privacy by using a traditional Will with the proper provisions or by using a revocable trust.


Probate Court is the court that determines the validity of your Will and oversees distribution of your estate after death.  In the process, your Will is filed with the Probate Court and becomes part of the public record. The Will and all other filings in the Probate Court are available to anyone who asks to see them. [Read more…]

Financial Literacy and Mental Acuity Decline As We Age

financial-literacyEven though most seniors are still capable of managing their own finances, research has shown that even cognitively normal people may reach a point where financial decision-making becomes challenging. As people age, cognitive functions in the math area of the brain start to degenerate.

That deterioration may not be obvious to the casual observer.  In some cases, a senior is no longer aware of how the banking system works or can only understand the concept of money if it is in his hand or she sees it physically. [Read more…]

Sibling Conflict in Estate Planning and Administration

Family is one of your most valuable assets. Transmission of wealth through your estate plan communicates many things to those you leave behind. It carries additional weight because it is your final statement. Through planning you communicate your interest in the ongoing lives of your loved ones.

Anticipating and avoiding conflict in estate planning is important. For some families the settling of an estate leads to estrangement or hard feelings between siblings and their descendants that can last for generations. Long submerged sibling rivalries can come to the surface after a parent’s death. Even in the best of families, children facing the death of their last surviving parent may become possessive, greedy and argumentative. [Read more…]