Progeny Law Firm

Estate planning and financial management go hand-in-hand. Each tool can be used to protect your assets and provide for your family when you are gone. Trusts and wills are two options people often use in estate planning to ensure their wishes are honored when they die. Executing the correct legal documents is the only way […] The post Comparing Trusts and Wills: Which Is Right for You? appeared first on Progeny Law Firm. http://dlvr.it/T3PNz0

You may be concerned about being presented with questionable estate documents, such as a potentially invalid will after the death of a loved one. Sometimes, a will must be contested to protect your rights to an estate. It’s important to understand your legal rights when estate documents don’t meet the legal requirements or when something […] The post Contesting a Will: How to Navigate Estate Disputes appeared first on Progeny Law Firm. http://dlvr.it/T394xw

Drafting your will is an important step towards protecting your family and ensuring that your assets are correctly distributed to the people you have chosen. Creating a will comes with many rules that must be followed, or else your will may be invalid and unable to distribute your assets the way you want. Making mistakes […] The post How to Avoid Common Mistakes When Creating a Will appeared first on Progeny Law Firm. http://dlvr.it/T349dd

The main goal of estate planning is to protect assets and provide easy wealth transfer to loved ones and future generations. You work hard to build your assets, and estate planning can ensure that your heirs receive as much of your property as possible. Many establish trusts to manage and maintain assets, protecting them from […] The post The Role of Trustees in Estate Planning appeared first on Progeny Law Firm. http://dlvr.it/T2yX6w

Dynasty Trusts present a great opportunity to pass significant wealth on to future generations. If structured properly, the assets of a Dynasty Trust pass with minimal gift, estate or generation-skipping transfer tax consequences. As we approach the sunset of the temporarily doubled Applicable Exclusion Amount, practitioners and clients should consider whether a Dynasty Trust makes sense for them. The post Do You Want to Discuss Dynasty Trusts? appeared first on Progeny Law Firm. http://dlvr.it/T2TWzT

Matthew Perry died at the end of 2023. While it seems unlikely that Matthew’s estate will end up embroiled in a court battle as we see with other celebrity estates, that doesn’t mean that we can’t learn anything from his death and Estate Plan. The post There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan appeared first on Progeny Law Firm. http://dlvr.it/T29hzv