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Legacy Planning: The Ultimate Gift

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What is a Life Estate?

Chances are, your home is full to the brim with cherished memories of family and friends. But, as you get older, you may start wondering what exactly will happen to your home when you pass away. Fortunately, a life estate can take away the uncertainty of this thought by legally assigning an heir to receive your property without interference from court proceedings.
10/12/22 • by: Law Office of Michelle Adams
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Patagonia Founder Chouinard Gives Company to Planet Earth

’Instead of ‘going public,’ you could say we're ‘going purpose,’ Patagonia founder Yvon Chouinard said of his decision to give away the multi-billion dollar company.
10/12/22 • by: Law Office of Michelle Adams
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No Inheritance Tax for King Charles III

King Charles III has ascended to the U.K. throne, but he won't have to pay the U.K.'s inheritance tax on the massive wealth he inherits from his late mother, Queen Elizabeth II. That's because of a deal the royals made with the government nearly 30 years ago.
10/12/22 • by: Law Office of Michelle Adams
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Ask Mom if She has a Will

My mother told me many times over the years that she had a will, and I believed her. When she passed away, we discovered that her will was 40 years old—and completely useless.
10/12/22 • by: Law Office of Michelle Adams
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What Do People Think About Government-Paid Long-Term Care?

A majority of adults are in favor of policies subsidizing some long-term healthcare costs, with support coming from both Democrats and Republicans.
10/05/22 • by: Law Office of Michelle Adams
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The Difference between Revocable and Irrevocable Trust

A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
10/05/22 • by: Law Office of Michelle Adams
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Who Inherits Queen Elizabeth II’s Fortune?

Is Prince Charles III the sole heir of Queen Elizabeth’s fortune?
10/05/22 • by: Law Office of Michelle Adams
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Problems Created When No Will Is Available

People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.
10/05/22 • by: Law Office of Michelle Adams
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How Not to Build a Family Football Dynasty

A decade before his death, the billionaire owner of the Denver Broncos consulted with attorneys about the orderly handover of the team after his death. He crafted a carefully delineated trust that his hand-picked trustees would oversee.
10/05/22 • by: Law Office of Michelle Adams
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There are Less Restrictive Alternatives than Guardianship

Although laws vary from state to state, every state requires that less restrictive alternatives be considered before invoking a guardianship. These might include such vehicles as limited guardianships, powers of attorney or assisted decision-making agreements.
09/28/22 • by: Law Office of Michelle Adams
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