Thomas H. Sullivan

Attorney at Law

Latest Blog Posts

You Cannot Easily Disinherit Your Spouse in the U.S.

Posted on: February 5th, 2020
Believe it or not, in the U.S. it isn’t easy to disinherit your spouse. But the same is not true for other family members – generally, you can use your estate plan to disinherit your brothers and sisters, your nieces and nephews, or even your very own children and grandchildren. However, in the majority of states and the District of Columbia, you can’t intentionally disinherit your spouse unless your spouse actually agrees to receive nothing from your estate in a Prenuptial or Postnuptial Agreement....

The Lifetime QTIP Trust

Posted on: February 5th, 2020
Estate planning for couples in a second or subsequent marriage can be tricky, especially if their estates are disproportionate. One solution for allowing the well-to-do spouse to maintain control of their property and wealth--but keep their other spouse happy--is the "Lifetime QTIP Trust."...

A Yearly Checkup for Your Estate Plan

Posted on: February 5th, 2020
One of the main reasons for getting an annual physical is to detect and treat problems before an illness or health condition becomes serious. Likewise, it is important for your estate plan to get a regular check up to address changes in your life circumstances or in the law to ensure that optimal plans are in place to provide for you and your family’s future needs before any problems arise. Like an undetected medical condition, an out-of-date estate plan can have devastating, unintended consequences....

Distribution Methods for Your Children

Posted on: February 5th, 2020
If you are a parent, you probably love to do good things for your children—and leaving them an inheritance is one of the most tangible ways you can show your love once you are gone. What you may not know is that there are a variety of ways that you can leave money and property to your children, and you can choose the method you think best takes your goals, including their well-being, into account....

Your Divorce Decree: The First Step in Estate Planning

Posted on: February 5th, 2020
You have recently divorced your spouse and the judge has signed the divorce decree. Now what? Although you may feel as though you have spent enough time and money on lawyers, there is one last attorney you need to talk to: an estate planning attorney. If you and your former spouse had estate planning done together previously, it is necessary for you to come in and make changes to avoid having your hard earned money and property be distributed in a way you did not intend when you pass away. If you have not done any planning, now is the perfect time to get your affairs in order....

The SECURE Act: How Does It Affect Your Retirement Accounts?

Posted on: January 7th, 2020
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which became effective on January 1, 2020. The Act is the most impactful legislation affecting retirement accounts in decades. It will have a positive impact for many older Americans but could have negative tax consequences for many beneficiaries of their retirement accounts....
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