Why Won’t My Parents’ Lawyer Talk to Me? I’m Just Trying to Help Them!

We understand individuals can sometimes become frustrated when we are ethically prevented from communicating with them.  They call and want to ask questions about their parents’ estate planning, or schedule an appointment on behalf of their parents, who have not done any planning and whose health is now failing.  The family member wants and expects read more…

The Intersection of Business Ownership and Estate Planning

At Cripps & Simmons we consider all of a client’s assets when doing estate planning, including any interests they may own in a business entity. Whether your interest is only as an investor, or you actively participate in a business, we want to know about it. Sometimes it’s easy to forget that a business is read more…

When Is It Time To Update Your Estate Planning?

The short answer is NOW. If you have not at least reviewed your estate planning within the last year or two, you may be leaving loose ends that need some tidying up. While contemplating incapacity and death is never an enjoyable task, it’s critical that your affairs be in order at all times. A good read more…

Business Succession Planning-A Goal-Driven Process

Helping small business owners with their estate planning always brings with it a discussion about what will happen with the business when the owners wish to retire. In many circumstances, the business will constitute the owner’s major asset – constituting not only their primary source of income – but also the asset with the largest read more…

Self-Settled Special Needs Trust

A Long Awaited Special Needs Trust Amidst all of the post-election chaos, a long-awaited change in the availability of Supplemental Needs Trusts was signed into law. The Special Needs Trust Fairness Act , which was part of the 21st Century Cures Act, allows a disabled individual, who is under the age of 65 and has read more…

Who Should I Name As Successor Trustee?

Trust planning has become more popular in recent years as a way for individuals or families to control assets while living, effectively avoid probate, and to provide how assets are to be distributed at death. Once a person or couple have decided to establish a living trust, a major decision to be made is who read more…

Do You Really Have Limited Liability?

As a business attorney, when I meet with new clients who want to form a new business, either a corporation, limited liability company (also known as LLC’s) or other entity, one of the primary motivations in doing so is to protect their personal assets from the risks of the business. It is during this part read more…

What Does It Mean To Be On A Bank Account?

When we meet with clients, often one of the first things we need to review is the client’s assets and how they are owned. This is true for estate planning clients as well as elder law and estate/trust administration clients. One of the most misunderstood assets is the checking account (although the following could apply read more…

What is the Purpose of My Company

  While it is certainly easy to set up a corporation or a limited liability company (also known simply as an LLC) in the 21st century, there are still good reasons to consult an attorney when doing so. Failing to consult a business planning attorney might lead the business owner to incur personal liabilities that read more…

Be Careful What You Wish For …

Be Careful What You Wish For ….. I just returned from the Heckerling Institute on Estate Planning. While we covered a lot of topics over the week, mostly related to taxes and other estate planning issues, like most attendees, I went with the hope that I would have answers to questions our clients have right read more…