By Lane V. Erickson, Attorney Estate planning is the process where you put into writing the objectives that you have that you want to accomplish and the distributions of property that will occur when you pass away. I feel that my job as an estate planning attorney is to identify…
Articles Posted in Estate Planning
Why Having Co-Personal Representatives is a Bad Idea
By Lane V. Erickson, Attorney In the course of being an estate planning attorney for nearly two decades I can tell you that I often have clients who want to have more than one of their children named as a co-personal representative. Whenever this happens I have a lengthy discussion…
Don’t Put Your Children on Your Checking Account
By Lane V. Erickson, Attorney I’ve come to understand that my estate planning clients are always well-meaning, but often make mistakes in their estate planning simply because they don’t understand the legal effect of their actions. One of the areas that I find is often a concern is when an…
Homestead Allowance in Second Marriages
In second marriages, when one or both spouses have children from a previous marriage, it is common for husband or wife to draft their estate planning documents in a way to ensure that their children from the previous marriage will inherit. One way to accomplish this desire is to devise…
When is the Right Time in Life to Update My Estate Planning?
By Lane V. Erickson, Attorney The estate planning blogs that we have posted on our website mainly talk about the importance and reasons why you should complete your own personal estate planning. I do have a number of clients who have their estate planning done. When this occurs, many of…
What Can a Last Will and Testament Do?
By Lane V. Erickson, Attorney For nearly two decades I have been practicing estate planning law by providing estate planning advice and creating estate planning documents for my clients. These documents often and usually include a Last Will and Testament. The purpose of this post is to describe several of…
Estate Planning Is Not Just About Death But is Also About Life
By Lane V. Erickson, Attorney Whenever I am working with my estate planning clients I have the opportunity to help them appreciate and understand everything that getting their estate planning done can accomplish. In particular, I am able to point out to them that getting their estate planning done is…
A Family Fight Over an Estate: Princes’ Family as a Case Study
By Lane V. Erickson, Attorney Unless you have been living under a rock, it is common knowledge that the famed singer and songwriter who called himself Prince, died in April of 2016, at the age of 57. It is also well known that he died without a written Last Will…
A Basic Estate Planning Checklist
By Lane V. Erickson, Attorney As an estate planning attorney I find that people most often fail to get their estate planning done because they don’t know where to begin. I feel that my job as an estate planning attorney is to help people get on the right path to…
What is a Simple Will?
By Lane V. Erickson, attorney Almost everyone I talk to claims to know what a Simple Will is. However, when asked to describe what goes into a Simple Will or what statements are made in one, very few people actually know. I don’t ask this question to make people feel…