Tag: estate planning

by Estate Planning Attorney Nydia Menendez Everyone has an Estate, including you. But what exactly is an Estate? It’s everything you own, and everything that is left when you pass away. Estate Planning, then, is having a plan in advance to ensure that when the time comes, your wishes are carried out with respect to matters related to your health, your person, your children and grandchildren, and, yes, your assets. 1 – The Most Basic Form of Planning The most obvious aspect of Estate Planning is planning for our own…

Read More

by Estate Planning Attorney Nydia Menendez When Robin Williams performed his comedy and acting, he relied on precise language delivered with perfect timing. Unfortunately, those concepts didn’t make it to Williams’ Estate Plan. Ambiguous words and phrases in his documents created agony, fighting, and great expense for the heirs of the estimated fifty million dollars in assets Robin Williams left behind. For example, one of Williams’ homes was given to his widow, Susan Schneider-Williams. The Trust stated that Susan would receive the home and, “all costs related to the residence,”…

Read More

by Estate Planning Attorney Nydia Menendez Marilyn Monroe was an American actress, singer, and model, well known as a global symbol of beauty and glamour. Marilyn grew up in an orphanage and foster homes because her mother spent most of her adult life in mental institutions and Marilyn did not have a relationship with her father. The actress had a passion for reading poetry, even writing some herself. She loved animals, cooking and children. Marilyn got divorced three times and did not have children of her own. Sadly, she died…

Read More

by Estate Planning Attorney Nydia Menendez We all have an Estate. Estate Planning is the process of designing a plan in advance so that no matter what happens, you are always in control of that Estate. Your Estate includes your person and your assets – your stuff. Should you pass away, what remains are your assets. These comprise your Estate. A proper Estate Plan must also plan for the possibility of incapacity. Statistically, 70% of persons over the age of 65 will experience some form of incapacity during their lifetimes.…

Read More