A New Era of Attorneys
One of the most common misconceptions is that if you are married and you die without a will, your spouse automatically gets everything. Unfortunately, that often is not the case. Instead, it depends on several factors. First, if you have any joint accounts, those accounts will pass automatically to the joint account holder. Second, if you have a named beneficiary on any account or asset, that account or asset will pass automatically to the designated beneficiary. Read More
Sometimes costly litigation can be avoided with mediation. Especially in family law related matters, mediation could be key to ensure that the issues involving your family are decided by your family. On this week’s #FamilyFriday article, ERA Law Group, LLC wants to explain the pros and cons of mediation.Read More
It’s that time of year again when the kids head out to the bus stop in the morning to start a new year of learning, eager for what lies ahead. These children aspire to do great things, but with the rising costs of undergraduate education, families need to start saving earlier and the sooner the better. A 529 plan may be the answer and could benefit your estate plan as well.Read More
On this week’s #FamilyFriday article, the attorneys at ERA Law Group, LLC want to talk to you about adultery. Not surprisingly, it is difficult to obtain the rate of adultery in marriages today. Statistics range from 25% to 75% where at least one partner has admitted to committing adultery at some point during their marriage. Perhaps this makes sense given the 40% to 50% divorce rate in America.Read More
On this week’s #FamilyFriday article, the attorney’s at ERA Law Group, LLC are discussing the recent change in how Court’s treat a service member’s waiver of retirement pay for disability benefits and the effects it may have on the former spouse. A service member’s retirement pay is considered marital property. Depending on the length of the marriage and the Court’s Order, a percentage of the marital portion of the retirement pay is reserved for the former spouse upon the service member’s retirement. Read More
One common scenario routinely encountered when planning a client’s estate is figuring out a way to allow a child with special needs to receive an inheritance from a parent (or other loved one) without it adversely impacting that child’s Social Security or Medicaid benefits. As estate planners, we often resort to using special needs trusts (also commonly known as supplemental needs trust) in the parents’ estate plans.Read More
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