Harmless Error Statute—A Saving Grace

Cari Rincker Estate Planning Leave a Comment

When somebody dies without a legally recognized will, their money and property are typically subject to default state rules that determine who will receive it. To assert control over who will receive their money and property and who will wind up their affairs, many people choose to have a will prepared. In order for a will to carry out the …

Share this Article

Things to Consider Before Accepting Your Inheritance

Cari Rincker Estate Planning Leave a Comment

The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed away. But you might also have mixed emotions about your inheritance for reasons that have to do with the actual accounts or property you are inheriting. On the one hand, you might not want to reject your inheritance …

Share this Article

Batman: The Masked Philanthropist

Cari Rincker Estate Planning Leave a Comment

Among the superheroes, Batman is unique because he has no superpowers. Although he is trained in the martial arts and possesses a range of high-tech gadgetry that allows him to fight crime, Batman is entirely human. He does not have genetic mutations, X-ray vision, overpowering physical strength, flying ability, genius-level intellect, or any other god-like powers. But Bruce Wayne does …

Share this Article

Three Things You Need to Know about Cryptocurrency and Your Estate Plan

Cari Rincker Estate Planning 2 Comments

Cryptocurrency’s popularity has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware of the Tax Consequences  Transferring your cryptocurrency to other people, either during life or at your death, could have income, estate, and gift tax consequences that are important …

Share this Article

Why a Trust Is the Best Option to Avoid Probate

Cari Rincker Estate Planning, probate 1 Comment

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 remember the deceased in peace. In fact, the whole business of estate planning—or at least a significant piece of it—is concerned …

Share this Article

Understanding Land Trusts: Title-Holding Land Trusts

Cari Rincker Estate Planning, Food & Ag Law, Property Law Leave a Comment

What is a land trust? The use of the phrase “land trust” can often lead to confusion, as it relates to a few completely distinct concepts.  On the one hand, a land trust may refer to an estate planning tool wherein title to the land is held by a trustee at the owner’s request.  On the other hand, a land …

Share this Article

Three Reasons to Avoid Probate

Cari Rincker Estate Planning, probate Leave a Comment

When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in your name only and you have not  completed a beneficiary, pay-on-death, or transfer-on-death designation. Although having a …

Share this Article

Three Tips for Overwhelmed Executors

Cari Rincker Estate Planning Leave a Comment

While it is an honor to be named as a trusted decision maker, also known as an executor or personal representative, in a person’s will, it can often be a sobering and daunting responsibility. Being an executor requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the accounts and …

Share this Article

Your Planning Team for Your Next Adventure

Cari Rincker Estate Planning Leave a Comment

When planning your next great travel adventure, you may decide that you can do it yourself. You know what you and your travel companions want to see and do, how much you are willing to pay, and the most convenient times to travel. While making travel arrangements may be okay to do yourself, you need to consider calling in a …

Share this Article

Don’t Let Your Cryptocurrency Give You and Your Loved Ones Nightmares

Cari Rincker Estate Planning 1 Comment

Although cryptocurrency may be one of the latest investment strategies with great potential, for some individuals and their loved ones, investing in cryptocurrency has not gone as planned. The following stories are each a little different, but they all underline one simple warning: if you own cryptocurrency, you need a plan. Impact of Volatility on Estate Administration Matthew Mellon, an …

Share this Article

Top Four Estate Planning Questions to Answer When Using Assisted Reproductive Technology

Cari Rincker Estate Planning Leave a Comment

Welcoming a child into the family is a major milestone in every parent’s life, especially if you have utilized assisted reproductive technology (ART). With this blessing comes the need for comprehensive financial and estate plans that are uniquely tailored to your family’s needs. As you continue your journey, we want to provide you with answers to some common questions you …

Share this Article

Pros and Cons of a Family Limited Partnership

Cari Rincker Business Law, Estate Planning, Food & Ag Law Leave a Comment

Owning your own business or investment portfolio can be incredibly rewarding. However, to preserve the fruits of your labor and dedication, you must do everything you can to protect it. Whether you seek to protect yourself, your investments, and your family from taxes, creditors, or probate, a family limited partnership (FLP) is a strategy worth considering.  What is a family …

Share this Article