Thomas H. Sullivan

Attorney at Law

Estate Planning

An Easy Three-Step Review for Your Estate Plan Helpers

Posted on: March 22nd, 2019
While putting together an estate plan is important for you and your loved ones, it is equally important for you to understand the role of the trusted individuals who will be carrying out your wishes when you are unable to. When it comes to estate planning, these "helpers" are key. They generally include a trustee, guardian, executor, agent under a power of attorney, and healthcare proxy, among others....

Is a delayed inheritance really an enhanced inheritance?

Posted on: March 17th, 2019
Whether you have accumulated a little or a lot of wealth over your lifetime, it is likely that you have some particular thoughts on how you would like those assets to be used by loved ones after your death. Maybe you would like the assets to be used as a down payment on a home, be applied toward college tuition, or fund a dream vacation. Unfortunately, without specific guidance from you, money that is left outright to your loved ones probably won’t be used the way you would like....

What to Do When Your Doctor Says to Get Your Affairs in Order

Posted on: March 12th, 2019
Five words no one ever wants to hear from their doctor: “Get your affairs in order.” Unfortunately, 58 percent of Americans do not have a will or trust, and it often requires a chronic disease or terminal illness diagnosis, or other life-changing event to prompt the estate planning process. Talk to your attorney about completing the documents below and follow these tips to protect your future and make the circumstances easier for your loved ones....

Three Keys to Protecting Yourself from a Rogue Executor

Posted on: February 7th, 2019
Unfortunately, sometimes a death in the family can bring out the worst in people. Indeed, family resentments sometimes simmer during a time of grieving - particularly when money and assets from the deceased’s estate are involved. If you are a beneficiary under a loved one’s estate plan, you may be under the assumption that those assets will be distributed according to his or her wishes. Inheritance theft, however, is an underreported problem that can cost families dearly....

Legal Paperwork Cheatsheet: A Guide to the Top 12 Must-Have Documents

Posted on: February 7th, 2019
Whether you own a little or a lot, the last thing you want to do to your loved ones is leave a bureaucratic mess after you pass away or become incapacitated. Aside from mourning your passing or a significant deterioration in your health, this will cause the family additional stress. Heirs may forfeit life insurance payouts, tax deduction advantages, or miss accounts they did not know existed. This is why it is key to have your estate plan in place before life circumstances get the best of you....

Is Now the Time to Remodel Your Old Trust?

Posted on: February 7th, 2019
There are several reasons why you should update your existing trust or perhaps your entire estate plan. While estate planning documents do not necessarily have a shelf life, they may not fulfill your goals when your circumstances change. Of course, having estate planning documents that are up-to-date is critical, but how do you know when you should make changes?...
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