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Michael Cherewka

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Parent’s Estate: Probate Without a Lawyer

Parent’s Estate: Probate Without a Lawyer

Often a child or family member of an individual who has recently passed away will consider tackling the estate administration process without hiring an estate attorney. Whether it is the cost of retaining counsel, or the “do-it-yourself” personality, some individuals believe that hiring a lawyer is an unnecessary expense which can easily be avoided. The truth is that there is no legal requirement to hire a lawyer, and there are many individuals who have successfully navigated the probate process without counsel. All too often, however, an executor will find themselves stuck, or worse yet, trying to correct a mistake that could leave them personally financially liable.

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Strategies for Saving on 2019 Income Taxes

Strategies for Saving on 2019 Income Taxes

Now is the time to begin looking at ways to minimize your 2019 income tax bill. This letter outlines several strategies to consider before the end of the year. We realize this is a lot of tax talk, but rest assured, we’re happy to walk you through how to determine the best strategy for you layman’s terms.

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Irrevocable Trusts Protect Loved Ones, Assets

Irrevocable Trusts Protect Loved Ones, Assets

Signing away ownership of assets often seems contradictory when you start to think about creating an estate plan that gives you control of what happens to your accumulated assets and meets your goals for financially protecting loved ones.

However, you might wish to create an Irrevocable Trust for many purposes, such as reducing taxes, gifting, and asset protection. Assets placed inside cannot be easily removed later because you essentially relinquish ownership of those assets to the trust.

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3 Estate Planning Mistakes Farmers and Ranchers Make

3 Estate Planning Mistakes Farmers and Ranchers Make

Farming or ranching is more than a means of livelihood, it’s about preserving a legacy. An out of date or inadequate estate plan could result in a farm or ranch that has been passed down for generations ending up being sold and converted into non-agricultural use.

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