Though it was a long, often contentious time coming, Congress did finally approve a bill to reduce what everyone dubbed the "fiscal cliff:" the U.S. budget deficit. Taxes will be raised for high income earners. While many individuals and families…
Category: Estate Planning
How to Approach Your Parents About Their Estate Plan
Hook Law Center often hears from children who are concerned that their parents may not have an estate plan in place. Many children are concerned that they would not be able to assist their parents in the event a parent…
Women and Estate Planning
When people hear the term "estate planning," they often think of a wealthy older gentleman managing extensive business and personal assets. But estate planning is a smart step for everyone, especially women. Women generally step out of the workforce earlier…
In Case of An Emergency
We never know when an emergency situation might happen. Because of this, it is important for every person to carry emergency contact information in a wallet or purse. If a person has a cell phone, then it’s easy to list…
Advance Medical Directives
Question - Is it important to have an advance medical directive as part of your estate plan? Answer - Yes, an advance medical directive is an important piece of one’s estate plan. One of the fundamental rights enjoyed by every American is…
What are the Benefits of Funeral and Burial Pre-Planning
Pre-planning your funeral service and burial can be one of the most thoughtful gifts to leave your loved ones. Here are several reasons why pre-planning is important. Pre-planning your funeral and burial can ensure that your survivors are carrying out…
What is Estate Planning?
Estate planning is the process by which a person plans for the management of his or her assets, affairs and healthcare if he or she becomes disabled or dies. Prior planning produces positive results upon a disability or death. Failing…
New Developments in the Estate Tax Law, Are You Affected?
A new development occurred on January 1, 2010, that affects the vast majority of our clients. Changes to the federal estate tax will affect our estate planning clients, while changes to the way capital gains will be calculated will affect…
Pet Trusts
Hook Law Center is often asked how can a client provide for a pet if the client becomes disabled or dies? Many states have adopted statutes that permit pet owners to establish trusts for the care of pets during the…
