Author Archives: lorenzprivatetrustees

Please tell me about your experience as an estate planning attorney or Of all the areas of law, why did you select estate planning? You’re listening for any mentoring received, any other areas of law, what this individual enjoys about the work, and if the attorney has had experience with litigation and trust administration. AttorneysContinue reading “Questions for the Estate Planning Attorney”

How old will you be then? How old will your children and grandchildren be? Where do you expect to be living? Same familiar home, or somewhere the care is provided? Will you still be driving your car, or will you have a driver? What other expectations do you have about this later time of life?Continue reading “Imagine Yourself 40 years from now…”

Many people have made the mistake of giving loved ones electronic access to bank accounts and other financial files. It’s smarter, and gives you more control, if you don’t grant access by sharing your password. Instead, you should exercise your power to choose the right people in your estate plan to serve you when youContinue reading “Maintaining Control – It’s Your Money”

From time to time we get great summaries from Financial Advisors that we work with that preserve and grow our client’s assets. Here is one form Chris Radici, Financial Advisor at UBS, that we thought was really good: The House Ways and Means Committee has released the initial draft of the budget reconciliation bill DemocratsContinue reading “Potential Tax Increases and Gift and Estate Tax Exemption Decrease”

The relationship you develop with the estate planning attorney will be critical to the efficacy of the resulting plan, and you will want to be able to update your documents over time, as your life grows and changes. You are the creator, or Trustor, of the trust, so it is up to you to selectContinue reading “How to Find the Right Estate Planning Attorney for You”

At some point during everyone’s Life, we will become vulnerable. This vulnerability could be temporary; recovery from surgery or accident, extended travel, etc. Or this vulnerability could be permanent; dementia, mental or physical disability, or death. You may think that you don’t have much, so who cares? Here’s the thing some don’t know until itContinue reading “Why Does Anybody Need an Estate Plan?”

Whether you have $10 million plus, or $10,000 in the bank, when the estate plan is completed, some of the work just begins. As an example, if assets are not properly titled in the name of your trust, your plan will not work the way you hoped. Another important detail is “Beneficiary Designations”. Some financialContinue reading “So Many People Miss This Detail in Their Estate Planning Process”

For so many people, estate planning invokes fear of death, concern about disagreements, and worry about illness. If you haven’t yet gotten your plan into writing, this blog (series of articles) will help you understand more about the estate planning process, and how your estate plan might be implemented in the future. We are expertsContinue reading “The Mystery of Estate Planning Revealed”

From time to time, all of us feel like we are falling behind. Every year seems to move a little faster than the year before, and we have put off some chores for so long, they have fallen off the “to do” list. The Pandemic has added a layer of challenge, like doing chores whileContinue reading “Trouble Getting Your Ducks in a Row”