Posted by Scott Lynett, Esq. | Sep 22, 2023 |
Estate planning is crucial for ensuring that your assets are distributed according to your wishes after you pass away. Two popular estate planning tools are wills and revocable living trusts. Though they serve similar purposes, they come with distinct features and benefits. Let's delve into the d...
Posted by Scott Lynett, Esq. | Sep 22, 2023 |
With all the joy and happiness a new marriage brings, planning for your potential incapacity and future death may feel out of place, but creating your estate plan as part of your post-nuptial to-do list is the greatest gift you can give your new spouse. Read more…
Posted by Scott Lynett, Esq. | Sep 15, 2023 |
There's an old saying that “Wealth doesn't build character, work builds character.” Many of my clients are conflicted about leaving wealth to their children. They want to make their children's lives better but don't want inherited wealth to rob the children of motivation or deprive them of the ha...
Posted by Scott Lynett, Esq. | Sep 15, 2023 |
If you create music, own a business, write stories, or build gadgets in your garage, you almost certainly have intellectual property. However, because intellectual property is intangible, it’s often overlooked in estate planning. Read more…
Posted by Scott Lynett, Esq. | Sep 08, 2023 |
In part one of this series, we explored two popular scams that are targeting older adults this year. In this week’s blog, I’m sharing two more scams that you and your parents need to be aware of, plus tips for staying protected. Read more…
Posted by Scott Lynett, Esq. | Sep 01, 2023 |
AARP and the Red Cross celebrate Make-A-Will Month by encouraging you to make a Will for free online, but what they aren’t sharing could leave your family with a mess. Read more…
Posted by Scott Lynett, Esq. | Aug 25, 2023 |
In this two-part series, we’ll explore four of the most recent and insidious financial scams that have surfaced, shed light on their tactics, and provide you with practical steps to shield your aging parents from potential harm. Read more…
Posted by Scott Lynett, Esq. | Aug 18, 2023 |
This week's blog is a fable about a father and son confronting one of the most difficult parts of family business succession: passing control from one generation to the next.
Posted by Scott Lynett, Esq. | Aug 18, 2023 |
Group legal insurance might seem like a good way to save on your estate planning needs, but will a plan created through legal insurance work for your family when they need it? Read more…
Posted by Scott Lynett, Esq. | Aug 11, 2023 |
As summer comes to a close, and back-to-school excitement fills the air, there is one crucial task that is often overlooked: designating legal guardians for your minor children. Read more…
Posted by Scott Lynett, Esq. | Aug 04, 2023 |
Last week, we started to explore 10 life changes that might affect your estate plan. This week, we’re coving five more life events that mean it’s time to review your plan. Read more…
Posted by Scott Lynett, Esq. | Jul 31, 2023 |
Common life events can drastically affect your estate plan and even cause your plan not to work in the way you intended. If any of these events have happened in your life, it’s time to review your plan. Read more…
Posted by Scott Lynett, Esq. | Jul 24, 2023 |
With the start of school a distant hope, my wife and I are facing one of the greatest crises of our family life: "How do we keep our kids from driving us nuts when there are still six weeks of summer left?"
This year, we took the easy way out and sent our 12- and 13-year-old sons to camp in the ...
Posted by Scott Lynett, Esq. | Jul 21, 2023 |
You've probably heard about the national debt ceiling and its recent extension, but you might wonder what it has to do with your everyday life as a family. While it may seem like a distant matter, the national debt ceiling extension can have a significant impact on your family's financial well-be...
Posted by Scott Lynett, Esq. | Jul 03, 2023 |
If you're looking to expand your business or free up your time (or both), the best thing you can do is hire support. When hiring, you need team members you can count on to run your business when you aren't there - an essential component of being a successful entrepreneur and avoiding burnout.
Bu...
Posted by Scott Lynett, Esq. | Jul 03, 2023 |
Including a Trust as part of your estate plan is a smart decision. It allows you to avoid probate, maintain privacy, and distribute your assets to your loved ones while also providing them with a lifetime of asset protection, if you choose it for them. But, here's the thing you might not know, an...
Posted by Scott Lynett, Esq. | Jun 26, 2023 |
Vacations are a time to relax, unwind, and create beautiful memories with your loved ones. But before you set off on your adventure, it's essential to ensure that your legal affairs are in order so you can fully relax during your travels. Can't imagine doing one more thing before you take some mu...
Posted by Scott Lynett, Esq. | Jun 26, 2023 |
The dream of passing on your business to your children and witnessing the legacy you've built continue to flourish is a powerful one. However, inspiring your children to embrace the idea of taking over the family business can present its challenges, and your children may even exhibit resistance t...
Posted by Scott Lynett, Esq. | Jun 20, 2023 |
These days, more and more young people are delaying—if not totally foregoing—a life that involves marriage and parenting. The lack of jobs, crushing student debt, multiple recessions, and the pandemic have pushed many young people into a life path that leaves little room for settling down with a ...
Posted by Scott Lynett, Esq. | Jun 19, 2023 |
Get ready for an interesting twist in the world of legal and business news. You may already be familiar with the upcoming Corporate Transparency Act, set to kick in next year. If you aren't, it's time to get in the know because it could impact you, and if you it does, you'll need support. Startin...
Posted by Scott Lynett, Esq. | Jun 13, 2023 |
If you are thinking of starting a business, you'll find all sorts of advice about how to go about getting your new venture off the ground. Indeed, there are entire websites devoted to the topic. Yet, with so much information out there, it's hard to know what you should heed and what you can ignor...
Posted by Scott Lynett, Esq. | Jun 12, 2023 |
Last week we started the discussion of why it's so important for LGBTQ+ families to invest in custom estate planning. While major strides for LGBTQ+ rights have been made in recent years, estate planning law is still written with hetero, cisgender couples in mind, which means that your wishes and...
Posted by Scott Lynett, Esq. | Jun 12, 2023 |
Last week, we looked at three types of insurance coverage that every business owner should have. While buying insurance coverage may seem low on your to-do list, making sure you and your business are protected from lawsuits is one of the most important things you can do for your business.
After a...
Posted by Scott Lynett, Esq. | Jun 05, 2023 |
June is a time of celebration and reflection for the LGBTQ+ community as Pride Month shines a spotlight on the progress made in the fight for equal rights. While significant strides have been made, such as the legalization of same-gender marriage and increased recognition of LGBTQ+ families, ther...
Posted by Scott Lynett, Esq. | May 29, 2023 |
May is Senior Citizen's Month, a time to reflect and appreciate all the things the seniors in our lives have done for us. Whether they are our parents, grandparents, or elderly friends, our seniors have given us so much over the years. But sometimes seeing your loved ones aging or seeing how you'...