Common Estate Planning Mistakes

For many baby boomers, their golden years are turning out to be very different from what they had imagined while planning earlier in their lives. The downturn of the economy and perhaps a large hit to their retirement, social security uncertainty, later retirement age, and many other issues have impacted the baby boomer generation. Bryan and Brian discuss what options are available to you at this stage of life. This is highly informative and valuable information from one of the highest rated attorneys in Las Vegas.

It is now widely known that the musician and businessman Prince died without having done any estate planning, leaving an estate valued at an estimated $300 million to be dealt with in Probate. Bryan and Brian discuss the process of how this will all be sorted out, who are the beneficiaries, who will administer the estate and other very interesting aspects of this high profile case. You won't want to miss this one, and hopefully it will inspire you to not follow in Prince's footsteps and create or review your own estate plan.

Bryan and Brian discuss senior living options. Whether it be downsizing, selling and moving to a senior community or assisted living facility, or finding a place to care for any medical needs you may have, it is very important to know your options and the best way of planning for this transition. It is also important to consider the effect that these changes will have on the estate planning you have done.

This was a great discussion on very important issues that are important for anyone approaching these decisions to consider.

Bryan and Brian continued their discussion of problems that may arise from faulty or underfunded trusts and what the fixes may be. As always, if you would like your trust reviewed to make sure it still suits your wishes and your family's needs, our attorneys will review it at no charge.

Bryan and Brian discuss trust amendments in this week's appearance on "Ask the Experts." Often people think that because they created an estate plan, that they can just put that away and not think about it again because that planning is done. While it should be good for a while and offer them the benefits they seek, if a trust is not funded properly, or a family's situation changes, or if you created the trust yourself and it was not drafted properly to meet your goals, then it is certainly something you will want to review with an attorney every few years. Bryan talks about that need, some of the problems that you may encounter, and shares some cautionary tales about what may happen if there is a problem with your trust. As always, Bryan A Lowe & Associates offers trust review consultations at no charge.

Bryan and Brian discuss the differences between Partnerships, LLCs, C-Corps and S-Corps, and how they can help you in your asset protection strategies.

We are well aware of the stereotype and reputation of lawyers in our society. Lawyer jokes are some of our favorites. Furthermore, in this information age, people have greater access to forms and opinions that lead them to believe that do-it-yourself estate planning is a better option than hiring an attorney. But there is a reason that attorneys still exist and people pay money to have them prepare these important documents. Bryan and Brian discuss why legal counsel is so crucial in estate planning and how it can end up saving you much more money than do-it-yourself planning.

Many Americans view their pets as full-fledged members of their family. However, the law defines pets as property. In estate planning, property cannot be left to property. Thus you cannot leave an inheritance to your pet in a will. Bryan and Brian talk about what planning you can do now so that your pet is taken care of in the way you wish for the remainder of their lives. If you own and love a pet, it is important to know this information along with what may happen if you fail to plan.

When you lose a loved one, having to go through a laborious legal process for the estate of the decedent is not something most want to think about. Attorney Bryan Lowe takes you through the steps of the process so you can be better prepared to face this challenge if and when it arises.

Brian and Bob discuss some of the misconceptions about credit scores and debt. Also, they discuss what you need to know to exercise your rights against some of the predatory practices of many in the debt collection industry. If you are struggling with debt and have collections harassing you, this is an episode you need to hear.