For this one, it is most definitely waiting too long. I know a lot of us think we’re going to have time to do this planning, but if you wait too long, then you have no control. Your family has no peace of mind. And so do your plan now and don’t make that mistake, […]
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Don’t Rush Your Retirement Plan Rollover
When you change employers, you typically have several options for your retirement savings: You can leave the money where it is, roll it into an individual retirement account, move it into a new employer’s plan, or cash it out. Each choice affects your taxes, access to funds, and long-term growth in different ways. Most […]
The Best Mother’s Day Gift? Peace of Mind (Estate Planning Explained)
I’m Bridget MacKay with MacKay Dressler Law Firm. And as Mother’s Day approaches, I want to reflect on how important it is for mothers to want to protect and love their children. We all do, right? And when they’re young, we’re doing those things to keep them safe, support them into adulthood, and make […]
Ask the Attorney: Do You Need a Separate Plan for Foreign Assets?
So foreign assets definitely complicate things. One of the misunderstandings I often run across is a client thinks that they can be put in their trust as we’re doing their trust, just like domestic assets can. And the truth is, is they can’t because those foreign jurisdictions have different rules around the transfer of property […]
Part 2: When Are ‘Capacity’ and ‘Undue Influence’ Challenged?
Bridget MacKay with MacKay Dressler Law Firm. Now we’re back on the subject of capacity versus undue influence. I’ve already described what capacity means to create an estate plan, whether that’s a will or a trust. But I want to talk a little bit about undue influence, which is a very different concept. Undue influence […]
Part 1: What Do ‘Capacity’ and ‘Undue Influence’ Really Mean?
Hi, I’m Bridget MacKay with MacKay Dressler Law Firm. And today, we’re going to talk about two legal concepts that come up often for us in estate planning, but are often misunderstood. And that’s capacity and undue influence. So capacity really goes to whether or not someone understands what they’re doing. And it’s not […]
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