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THE LAW OFFICE OF E.D. MEDINA LLC

THE LAW OFFICE OF E.D. MEDINA LLC

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Safeguarding Your Estate Plan Against Three Worst-Case Scenarios

Preparing for Coronavirus: The #1 Legal Document Every Adult Needs to Have

Is Your Estate Plan as Stale as Last Week’s Ham Sandwich?
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Do you really need a trust?

Do you really need a trust?

Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary designations, to name a few), only a trust provides comprehensive management of your property in the event you can’t make financial decisions for yourself (commonly called legal incapacity) or after your death. O

Isn’t There Already A Law That Leaves Everything To My Spouse And Kids?

Isn’t There Already A Law That Leaves Everything To My Spouse And Kids?

Many people think that if they die while they are married, everything they own automatically goes to their spouse or children. They’re actually thinking of state rules that apply if someone dies without leaving a will. In legal jargon, this is referred to as “intestate.” In that case, the specifics will vary depending on each state's law, so where you live when you die can significantly change the outcome for your family. However, the general rule is that your spouse will rec

3 Ways Not to Leave an Inheritance for Your Children

3 Ways Not to Leave an Inheritance for Your Children

Estate planning offers many ways to leave your wealth to your children, but it’s just as important to know what not to do. Here are some things that are all-too-common, but textbook examples of what not to do or try.... “Oral Wills” If you feel you have a good rapport with your family or don't have many assets, you might be tempted simply to tell your children or loved ones how to handle your estate when you’re gone. However, even if your family members wanted to follow your