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Mackay Dressler Law Firm

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Estate Plan

Cultural Issues in Estate Planning

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Cultural Issues in Estate Planning Every family will approach death and dying from a cultural perspective. Nevertheless, you have to prepare for the inevitable. For example, an elderly parent is relying on you for care and yet doesn’t put documents in place to allow you to provide that care, the results of which can be […]

Estate Planning Issues After 65

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Estate Planning Issues After 65 Your 65th birthday is a landmark date for many, as you plan for your senior years. There’s a lot to think about, and your decisions will be based on your income and savings and on your long-term goals. Below is a summary of the major issues. Sign up for Medicare […]

Step Families and Estate Planning

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Stepfamilies and Estate Planning Is estate planning in second marriages a potential minefield? This can be a loaded question because it’s already complex enough to blend families. It can be hard to decide on both an emotional and a legal level. After all, you’ll want to make sure your assets are working in everyone’s favor, […]

Foreign Homes and Estate Plans

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Foreign Homes and Estate Plans Don’t overlook foreign assets when planning your estate. If you own real estate outside the U.S., you should address the assets in your estate plan. But watch out for double taxation. There’s that risk if the assets are subject to estate, inheritance or other death taxes in the country where […]

Community Property or Separate Property?

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Each state has its own set of rules when it comes to marital or community property. Most states operate under the common law system of property ownership, which clearly defines which spouse owns each asset. If you put only your name on the account, deed, title, or registration, then you own that asset regardless of […]