Estate Planning Blog - Bernard Law P.C.

Is Bitcoin Part of an Estate?

Have you thought about what will happen to your bitcoin when you die? For many of us, the thought has at least crossed our mind.

Posted on: May 9, 2022

Should an Estate Plan Include a Cabin on the Lake?

Do you have a second home, summer property, or another vacation residence that your family enjoys? Have you thought about what happens to this property when you die?

Posted on: May 6, 2022

What Needs to Be Reviewed in Estate Plan?

Here are some important parts of your estate plan that should be reviewed.

Posted on: May 5, 2022

What Does a Will Do and Not Do?

Everyone needs a will. However, some people need more than that. To save on taxes and make for a smooth transition, they could really use a revocable trust, a family limited partnership or a gift trust.

Posted on: May 4, 2022

When are You Required to File a Gift Tax Return?

The IRS wants to know how much you’re gifting over the course of your lifetime. This is because while gifts may be based on generosity, they are also a strategy for avoiding taxes, including estate taxes, reports The Street in a recent article “Do I Need to File a Gift Tax Return?” Knowing whether you…

Posted on: May 3, 2022

Special Needs Planning

Estate planning should always be customized to each individual creating a plan. This is particularly important when planning for beneficiaries with disabilities.

Posted on: May 2, 2022

When Should I Think About Business Succession?

A common and often costly mistake when it comes to business succession planning is not starting the process early enough.

Posted on: April 29, 2022

Can My Ex Get Some of My Estate?

Resist the urge to use your will for vengeance

Posted on: April 28, 2022

Is Succession Planning Necessary for Family Business Entities?

While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.

Posted on: April 27, 2022

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