Far too many people put off creating a last will and estate plan until they reach retirement age or after a diagnosis with a serious illness. In reality, the more assets you have and the more complex your family unit, the more important it is to create an estate plan as soon as possible. Working with an experienced estate planning attorney can help protect your assets, your family, and your peace of mind. After all, many people die or become incapacitated unexpectedly, due to an accident or a sudden medical event, like a stroke. Don't leave your family unprotected if the unexpected happens.
The recent release of the Panama Papers has led to a lot of questions about shell companies. The term "shell company" often brings the thought of shady characters looking to hide assets from the IRS. In reality, these business devices can be a handy and legal way to achieve a number of goals.
We are fond of saying that everyone - no matter their age, health or wealth - should consider the benefits of developing a comprehensive estate plan. In addition, business owners should take the time to decide on a succession plan in the event of their untimely death or incapacitation.