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Wills and Revocable Living Trusts

A Last Will and Testament, known simply as a Will, is a formal legal document governed by strict statutory requirements. It directs how a deceased person’s property and assets will be legally distributed to named individuals and entities. People often misunderstand how property is transferred after death. They believe that when they name their spouse,...

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James Gandolfini

Some topics are meant to be private. This list should include “what happens with my money and property when I pass away.” People are generally unaware that a Last Will and Testament is a public record. After you die, if a Last Will and Testament is the means by which your estate is administered, your...

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Same Sex Marriage Update August 2013

On June 26, 2013, in United States v. Windsor, the Supreme Court of the United States ruled that Section 3 of the Defense of Marriage Act (DOMA) is unconstitutional. Section 3 of DOMA defined the terms “marriage” as a union between a man and a woman and “spouse” as a person of the opposite sex...

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Hidden Pitfalls of Joint Ownership

It is not uncommon for an elder parent to add an adult child’s name to his or her checking or savings account, or to any other asset, thereby making the child a joint owner. While this is often done for convenience purposes, it can have serious, unexpected and undesirable consequences. Since the child legally owns...