Blog

Want to Disinherit Someone? This Is What You Need to Know

Disinheritance—the intentional exclusion of a family member, usually a child or spouse, from receiving part of your estate after your death—is more common than you might think. It is also easier than you might think to disinherit a loved one, with a couple of notable exceptions. However, it is not as simple as omitting someone’s name from your estate plan.
Read More »

Things to Know When Planning for an Addicted Loved One

It has been said that the only thing harder than being an addict is loving one. It can be particularly difficult for a parent to bring a child into the world, full of hopes and dreams about their future, and then watch them spiral down into addiction. Having someone in your life who struggles with substance abuse is never easy, no matter the circumstances, the relationship, or their age.
Read More »

Does Treating Your Children Fairly Mean Unequal Inheritances?

When thinking through their estate plan and how they want their assets (money and property) managed after they pass away, most parents wish to treat their children equally, often out of a sense of fairness. However, sometimes being fair or doing what is right by your children may mean giving unequal inheritances.
Read More »

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits

Many people mistakenly believe that setting up a revocable living trust and transferring their assets into it will protect those assets from lawsuits. This is not true, and it’s one of the most common misunderstandings about asset protection planning. At Pavone Law Group, we often help clients clarify what a revocable trust can and cannot do when it comes to shielding personal assets.
Read More »

The Estate of Richard Simmons: Sweatin’ the Small Stuff

Fitness icon Richard Simmons, known for his flamboyant personality, high energy, and trademark attire, passed away in July 2024 following a fall at his Los Angeles home.
Read More »

Should I Buy a Home with Someone Other than a Spouse?

Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to consider co-owning a home with someone other than a spouse, such as a friend, relative, or signifi-cant other.
Read More »

Estate Planning with Minor Children: Tools Every Parent Needs to Protect Their Family

Approximately three-fourths of Americans do not have a basic will. Many of the same people also have chil-dren under the age of 18, which underscores a major misunderstanding about estate plans: They can accom-plish much more than just handling financial assets (money, accounts, and property).
Read More »

Handling a Loved One’s Debts After Death: What You Need to Know

Americans are, quite literally, getting buried in debt, with nearly half expecting to pass away with outstanding debts.
Read More »

Estate Planning for Collectors and Hobbyists

Americans often prefer to stay busy. When we are not working, many of us turn to hobbies to keep us engaged and productive. We spend hours each day on our hobbies and leisure activities. Over the course of a lifetime, this time adds up to a significant investment.
Read More »

Does Your Revocable Living Trust Reduce Your Federal Estate Tax Bill?

Many believe that once they set up and fund a revocable living trust, property held in the trust will completely avoid federal estate taxes after they die. In reality, a living trust does not provide unique estate tax avoidance strategies, but working with an estate planning law group can help you maximize tax efficiency within your trust-based plan.
Read More »