Thomas H. Sullivan

Attorney at Law

Estate Planning

What Impact Does the Citizenship of My Spouse Have On My Estate?

Posted on: December 3rd, 2019
According to the Pew Research Center, in 2017, there were 44.4 million foreign-born people living in the United States, 55% of whom were non-citizens. As a result, there are many occasions when a non-citizen may be the beneficiary of the estate of a U.S. citizen, for example, if the non-citizen immigrant married a U.S. citizen. There are no laws prohibiting this, though non-citizen spouses—regardless of whether they are in the U.S. legally or illegally—may be treated differently for estate and gift tax purposes....

Who’s On Your Team?

Posted on: November 7th, 2019
Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (i) you can be taken care of during times when you are unable to care for yourself, and (ii) your money and property are distributed to the individuals you have selected upon your death, in the way you want....

Planning for Stepchildren and Step-Grandchildren

Posted on: November 7th, 2019
The structure of families has changed in the United States: According to statistics cited by the Pew Research Center, six out of ten women who remarry are in blended families, and in about half of those remarriages, stepchildren live with the remarried couple. If you or your grown children are part of a blended family, your estate planning should reflect the special considerations and complexities involved....

Passing on Your Wisdom and Experience to the Next Generation

Posted on: November 7th, 2019
Each person accumulates a wealth of knowledge, experiences, and values throughout the course of their life. Regardless of whether you are financially wealthy, you have a great deal to share with your loved ones. An ethical will, sometimes also called a legacy letter, is a great way to pass on the wisdom that you have acquired and can be one of the most meaningful parts of your estate plan....

What You Need to Know About 529 Plans

Posted on: November 7th, 2019
According to U.S. News and World Report, for the 2019-2020 school year, the average cost of tuition and fees is $10,116 at an in-state public university and $36,801 at a private university. This does not even include housing, books, and meal plans, which typically add thousands of dollars to the cost. There are many ways that you can begin saving for your children or grandchildren’s college expenses: 529 plans are among the most popular types of accounts used to set aside these funds. There are a variety of factors you should consider in determining whether a 529 plan is the best option for your family, including some that may impact your estate planning....

National Adoption Month

Posted on: November 7th, 2019
November is National Adoption Month, which is aimed at raising awareness about adoption and the children who need permanent, loving homes. Thousands of children are adopted each year, bringing much joy to their adoptive families. If you are in the process of adopting or have recently adopted a child, it is a great time to create or update your estate plan to ensure that it provides for your new family member in the way you intend....
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