Probate Attorney Blog

Estate Planning Lawyer Definitions: A-B Trust Talk to any estate planning attorney long enough and you are sure to hear them mention the A-B trust. Today, you get to find out what that is. The A-B trust actually is two trusts instead of one, though they work together to achieve their desired result. A-B trusts can only be created by married couples, as one trust is for one spouse and the second is for the other. This trust is only…

#RichLifeLawyer Show 017: Estate Planning Lawyer Truth Exposed There is a truth about estate planning that most estate planning attorneys don’t want you to know. It’s not because they are trying to specifically hide anything from you, it’s just that their ego and self-importance won’t let them admit it. Estate planning lawyers are also deathly afraid of messing up so they do everything than can to cover their butts. Watch the video to find out what it is! Enjoy! Cheers,…

#RichLifeLawyer Podcast 006: Qualities of a Good Executor Basic estate planning requires a couple of things, and one of those things is naming an executor. Instead of letting you run around in the dark, or, maybe even worse, googleing around to find out who you should choose to be the executor of your estate, I thought I’d just give it to you straight right here. Here are the bare bones: Someone that is organized; Someone that works well under pressure;…

A 2015 survey by CNBC showed that 38% of individuals with investable assets over $1 million or more have not consulted with an estate planning attorney to establish and estate plan. Among individuals with $1 million to $5 million that number held steady at 39%. Among individuals with $5 million or more, the number decreased slightly to 32%. To put this another way, nearly 4 in 10 people with significant assets don’t have any plan in place to make sure…

#RichLifeLawyer Show 016: Five Habits of the Super Rich (and how to adopt them) In this episode of the #RichLifeLawyer Show we talk about the five habits of the super rich. Why are we doing this? Is it so that we can all become super rich? Nope. Is it to make you feel bad if you aren’t super rich? Nope. The point here is to take a look at these habits and see how simple they are. These are things…

#RichLifeLawyer Show 005: Estate Planning with a New Kid I have some big news. Huge. Last Monday, on May 2, 2016, I had my third kid. His name is Dillon. He’s awesome already. And, as is usual, my life makes excellent content when it comes to estate planning. Now that we have another kid, we probably need to update our estate plan. Or do we? Do find out what estate planning needs you have when you have a new kid,…

In case you didn’t know, my wife and I just had our third kid, Dillon Steven Small, on May 2, 2016 at 8:29 a.m. You would think this would be a joyous occasion for all. But it wasn’t necessarily so. See, we had a c-section for Dillon, just like we did with all of our other kids. That’s just the way things shook out. And some people didn’t like that. They thought natural birth was the only choice to make…