Whether you are preparing for changes to your family, business operations or estate plan, Schwartzberg Law strives for a smart and cost-effective resolution.
What is a family limited partnership? An FLP is an entity owned by two or more family members, created to hold the accounts, properties, or businesses that are owned by one or more of the family members. An FLP has at least one general partner who is responsible for...
The Domestic Asset Protection Trust A domestic asset protection trust (DAPT) is a legal structure into which you (in your role as the grantor) transfer your accounts and/or property. Once transferred into the DAPT, the DAPT may offer protection from future lawsuits,...
Myth #1: If | need help paying my bills, | can just add my child to my bank account. Nothing bad will happen. False. When you add a child or anyone else to your bank account, you are making that person a co-owner of the account. Your child can pay bills using the...
Ideally, when someone passes away, the paperwork and material concerns associated with the deceased's passing are so seamlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family and other loved ones to grieve and...
An estate plan can provide peace of mind by ensuring that your money and property are protected, should you become ill. Also, in the event of your death your loved ones will receive money and property according to your wishes. A clear estate plan will also make it...
Myth #1: Because I stay at home with the kids, I do not need an estate plan. Estate planning is about more than just passing along your money and property. An estate plan allows you the opportunity to designate who will handle your financial affairs and medical...
When you met with an attorney a few weeks ago, perhaps you expected that all you needed was a simple will. Maybe you thought that, with your situation, the work should be easy and the documents should be few. But now that you have finished working with the attorney,...
To read more about Ora Schwartzberg's article on planning awareness common myths, click here.
Misconceptions about who needs an estate plan abound. Most people believe that estate planning is only for extremely wealthy business moguls or celebrities. But that could not be further from the truth. Estate planning is the process of making decisions about what...
As millennials (born 1981 to 1996), you are well known for your distinctiveness as a group. Your generation has followed paths and set goals that are decidedly different from those chosen by previous generations. You are highly diverse, better educated, more...
