Progeny Law Firm

Everyone needs to plan for the future, especially single parents. Estate planning for single parents involves creating legal documents to protect their children’s future and safeguarding their inheritance. This goal can be accomplished by a wide variety of estate planning documents such as wills, trusts, and other avenues that ensure that a single parent’s wishes […] The post Estate Planning for Single Parents appeared first on Progeny Law Firm. http://dlvr.it/SsB1q6

When Estate Planning practitioners talk about the “Holy Grail” of Estate Planning, they generally mean the intentionally defective grantor trust which includes the assets contributed to it in the grantor’s income tax for income purposes but excludes such assets from the grantor’s estate for estate tax purposes. The 529 plan provides yet another example of the “Holy Grail” in Estate planning by allowing tax-free growth, control of the plan until the death of the grantor without estate tax inclusion, and protections in the event of bankruptcy, among other things. The post 529 Plans – The “Holy Grail” of Estate Planning appeared first on Progeny Law Firm. http://dlvr.it/Ss27D8

Many Estate Planning attorneys have fielded a question regarding whether an Estate Plan was necessary, or whether a Will is necessary if the client has a Revocable Trust. Let’s settle the debate now. Even in an Estate Plan based upon a Revocable Trust, Wills play an important role. Everyone with an Estate Plan needs to have a Will because certain things can only be done with a Will. The post The Wonder of Wills appeared first on Progeny Law Firm. http://dlvr.it/SrpXlm

Freelance workers, or freelancers, are independent contractors that often work for multiple companies simultaneously. They are considered self-employed or independent contractors by most companies that employ them for their expertise in a particular area. While freelance workers may have the ability to choose the projects they work on, they are usually hired on a contractual […] The post Why Freelance Workers Need Estate Planning appeared first on Progeny Law Firm. http://dlvr.it/SrcWbg