Hermiz & Associates Legal Blog

Estate disputes happen for numerous reasons. One of the most common, however, is that siblings fight over sentimental items. Putting these items into an estate plan can lower the odds of a dispute by giving these heirs some direction. But that doesn’t guarantee that a...

Planning for the future is essential, and one crucial aspect is creating a will. Traditionally, wills were drafted with the help of attorneys, ensuring the document complies with all legal requirements and addresses specific state laws.  However, the rise of online...

Most people who think about their legacy want to leave as much as possible for loved ones or charitable causes that are important to them. Estate planning can be as much about maximizing how much someone leaves behind as it is about selecting the right beneficiaries....

Much has been written about the “Great Wealth Transfer.” That refers to the roughly $84 trillion it’s anticipated will be left over the next couple of decades to younger generations. If you’re in the Baby Boomer generation or slightly older or younger, you likely feel...

Every adult should consider estate planning, regardless of age or wealth. An estate plan is not for older individuals or those with assets worth millions of dollars. However, for a plan’s documents to be valid, including the will, some requirements should be observed,...

Your business has been in the family for many years. You learned on the job when your parents were in charge, and you gradually started to take over the reins. Ideally, you’d like the same thing to happen with your children.  Your children have been employed at the...

There are plenty of social reasons why women may feel more pressure to create an estate plan when compared with men of similar ages. Women typically fill caregiving roles in their families and communities, which may mean that they have people or possibly even animals...

By having a will and possibly other estate plan documents, you can help ensure that your family will receive your assets as you intend after you’re gone. That’s just one of the many benefits of having a clear, detailed, legally sound estate plan. If you put your will...

A financial power of attorney is a legal designation that allows you to name someone else to take care of financial affairs on your behalf, usually in the event that you are incapacitated due to injury or illness and cannot manage your affairs on your own. The person...

Your estate plan might not be top of mind as you consider or prepare for divorce – but it should be. You’ll likely want to make multiple changes to it as you and your spouse end your marriage. The timing of these changes, however, requires some planning. You will also...