SANSONE LAW BLOG

Jun
14
Five Reasons Business Owners Need Estate Plans

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Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company you lead, as you have built unique relationships with your customers, employees, contractors, and suppliers.


As we all know, life is often unpredictable. Imagine that tragedy strikes and you, as the business owner, are in a car accident and are severely injured or killed, which leaves you unable to make decisions or care for yourself and your family. What will happen to your business in such a situation? Who will take over your role? We do not know what tomorrow holds. Circumstances like this can happen to...


Apr
30
How Refinancing a Property Can Affect Your Estate Plan


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The mortgage business is booming in many parts of the country. Low interest rates have created an almost frenzied environment with homeowners scrambling to refinance their home loans at these low interest rates. Even a few tenths of a percentage point of interest, over thirty years, can make a massive difference in the amount of interest that is ultimately paid on a loan. For many, it makes perfect sense to take advantage of these interest rates. Aside from the transaction fees associated with refinancing, there is frequently little to no downside to refinancing in times like these.

However, one often overlooked consideration is the impact that refinancing your home could have on your esta...


Mar
30
How You Can Build an Estate Plan that Includes Asset Protection

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Much of estate planning has to do with the way a person’s assets will be distributed upon their death. However, there is more to consider than just distribution of assets upon death. From planning for incapacity to diligent probate avoidance, there is a lot that goes into crafting a comprehensive estate plan. One important factor to consider is asset protection.

One of the most important things to understand about asset protection is that you must plan for it in advance. Not much good can come from trying to protect your assets reactively when you unexpectedly face situations such as bankruptcy or divorce. The best way to take full advantage of asset protection within your estate plan i...


Oct
12
Three Common Reasons People Procrastinate on Their Estate Plan

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There’s no doubt it can feel challenging to get motivated about your estate plan. You might feel uncomfortable thinking, let alone talking, about death. Maybe you feel you just don’t have time to complete what you anticipate will be a long and stressful process. Or, the whole idea of an estate plan may just seem confusing. Even if you have one or all of these thoughts running through your mind, you also likely want to make sure your loved ones are protected and receive your hard-earned money and property if something happens to you.


These are some of the most common reasons people provide when asked why they still do not have an estate plan in place. Do not let these common road...


Sep
14
COVID-19 and Minor Children: Things to Consider Now

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Protecting your family is important, especially when you have minor children, and even more so now that we are living through a pandemic. With all of the unknowns of our current situation, you need some certainty. Having an up-to-date estate plan can be the first step toward providing that certainty in an uncertain world.


Many people believe estate planning should only be used to make arrangements for your death. However, a properly crafted estate plan should also be used to make arrangements for circumstances where you are still alive but you are unable to make decisions for yourself or your minor children. The inability to make decisions or care for oneself or a minor child is often referre...