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Stillman Law Offices, LLC - The Business Law and Estate Planning Firm for Small Business
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Recent Posts

Estate Planning Mistakes and Failures
Estate Freezing Techniques
Health Care Directives and Why You Should Have One
Succession Planning: Why it is Important for Small Business Owners
Planning Ideas for the Highly Compensated. Part 1: Non-Qualified Deferred Compensation Plans – The Basics

Most Popular Posts

The next Hot Insurance product ...Or Not????
Don't let the tail wag the dog: Taxes are not the only reason to have an estate plan
Why a buy-sell agreement should be funded with life insurance
Happy families caring for each other: It is about more than your aging parents
Estate Planning for All Ages and Stages

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Estate Planning for All Ages and Stages

"I am too young to have a will".  or "Really, Me??? I don't have anything to plan for. These are the most common excuses I hear when younger people meet me and I tell them that I am an estate planning attorney.  Business owners always tell me that they will take care of that when they make their money"!  I have take n the liberty of adapting from a Wall Street Journal Blog an article about estate planning for all ages. 
 
 
"There’s a misconception that

Happy National Estate Planning Week!

It is National Estate Planning Week!  (ok so we had to declare it for ourselves!)  What is estate planning and what are the basics you ask?  Why is it important?   
 
Estate planning is a process utilizing the advice of trusted advisers to assist you with decisions about how to protect and distribute your assets(including your business if you own one) when you pass away, who should pay your bills and take care of your monetary affairs for you in the event that you are living but unable to take care of them yourself,  and also who should make medical decisions for you based upon your wishes in the event that you are injured but cannot communicate your desires clearly.

Don't let the tail wag the dog: Taxes are not the only reason to have an estate plan

Most Americans are not in a situation of worrying about paying estate taxes upon their passing.  In Minnesota you can pass your heirs, charities and special loved ones up to 1 Million dollars before ever having to pay estate taxes. The IRS allows you to pass up to another 4 Million dollars upon your death before worrying about being taxed at the Federal level.  many people ask me with a smirk on their face- "Why do I need to bother with a will or estate plan?  - I will never have to pay taxes".
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