Family Business Succession Planning

July 2017

What are some of the most difficult situations our estate planning attorneys have witnessed? Planning the succession of governance and ownership of the family business. These situations can become even more difficult when the parents or grandparents have not communicated the business succession plan to their heirs and one of the kids feels slighted by… Read more >

Portability of the Federal Estate Tax Exemption

July 2017

In your everyday life, the term “portability” means the ability to be easily carried or moved. However, in your estate planning, the term carries a different meaning as it applies to the federal estate tax exemption. The current federal estate tax exemption amount is $5.49 million and the federal estate tax rate is 40%. Portability… Read more >

The Essential Documents for an Estate Plan

July 2017

If you are planning for the future, as the Estate Planning attorneys of FMJ hope you are, you need to have a core set of estate planning documents.  Failure to properly plan for the unexpected can have adverse consequences to you, your loved ones, your estate, and even your pets (see our post “Good Boy… Read more >

The Post-Divorce Checklist

May 2017

As we all know, some marriages end in divorce. This process can be made even more difficult if you fail to tie up loose ends after the divorce is finalized.  Below is a post-divorce checklist that may help to ease the logistical pain of this process: Update your estate planning documents, including your Will, Trust(s),… Read more >

What is Probate Property?

May 2017

If you were to Google the question “what is probate” the standard definition would appear, which reads, “the official proving of a will.” However, the legal definition is a little more specific. Probate is the process of transferring a deceased person’s “probate property” using the court system. The next question in your mind is likely… Read more >