On behalf of Kathryn T. Joseph & Associates, Inc. | Apr 26, 2019 | Estate Planning, Firm News
You get married and have two children. Then your spouse files for divorce. You split up, wait a few years, and get married again. Your new spouse also has two kids from a previous marriage. This relationship lasts. As you both grow older, you decide to do your estate...
On behalf of Kathryn T. Joseph & Associates, Inc. | Apr 12, 2019 | Estate Planning, Firm News
One of the questions a lot of our older clients struggle with is what to do with their jewelry and watches. Many of these items are beautiful, costly and hold emotional significance for their owners — so they want their heirs to inherit the pieces. At the same...
On behalf of Kathryn T. Joseph & Associates, Inc. | Feb 25, 2019 | Estate Planning, Firm News
Most of the time, parents try to be fair to their children — even after those children are grown. Therefore, it’s natural for parents to be concerned about how to divide their assets in their wills for their adult children. However, “fair”...
On behalf of Kathryn T. Joseph & Associates, Inc. | Feb 14, 2019 | Estate Planning, Firm News
There are a lot of reasons that people put off writing their wills. Maybe they’ve simply never thought about — or maybe they don’t want to think about dying. Whatever the reason, around 60 percent of American adults are currently without wills....
On behalf of Kathryn T. Joseph & Associates, Inc. | Jan 18, 2019 | Estate Planning, Firm News
A man came in to talk to me last week, and he said that his own parents had made some serious estate planning mistakes. Now in his 40s with children of his own, he wanted to avoid those errors. I asked him what had happened, and he grinned, looking slightly...
On behalf of Kathryn T. Joseph & Associates, Inc. | Dec 19, 2018 | Estate Planning, Firm News
The unfortunate reality is that life could take a turn that makes it impossible for you to communicate your medical wishes to your family or healthcare professionals. You could suffer a stroke or get in a car accident, for instance. You still want the doctors to know...
On behalf of Kathryn T. Joseph & Associates, Inc. | Dec 7, 2018 | Estate Planning, Firm News
I was working with a client recently who had just gotten divorced. He wanted to update his estate plan to make sure that all of his ex-wife’s rights to his estate had actually been terminated. Naturally, if he passed away, he did not want to leave her his money...
On behalf of Kathryn T. Joseph & Associates, Inc. | Nov 9, 2018 | Estate Planning, Firm News
I recently worked with a client who was very concerned about the lack of privacy with a will. After all, these documents are public record. After you pass away, anyone can technically look at a copy of that will. This client had more assets than many people realized....
On behalf of Kathryn T. Joseph & Associates, Inc. | Oct 9, 2018 | Estate Planning, Firm News
If you want to prevent your children from fighting over your estate after you pass away, one of the best things you can do is to sit down and have a conversation with them. Tell them about your plans. Make sure everyone is on the same page. This can eliminate disputes...
On behalf of Kathryn T. Joseph & Associates, Inc. | Sep 28, 2018 | Estate Planning, Firm News
A man called me last year to find out more about estate planning. I told him about some of the options he had, and he said he would call me back. He jokingly assured me that he would not need the estate plan any time soon, so he would get to it later. When I never...
