Blended families are very common in our world. With roughly half of all marriages ending in divorce, it’s fairly normal to see all sorts of different family dynamics. With all the changes that happen when families blend together, it’s easy to forget the changes that may happen to someone’s estate plan. At Thornton Law [...]
With many of us having extra time at home, we’re taking the time to tackle those projects that are hard to get to during our normal schedules. For many, that means making sure their estate plan and assets are up to date and in order. Those with families might have some extra items to [...]
When a friend or family member passes away, they may leave behind some of their money or property. This is considered an inheritance. One thing that commonly confuses people is the difference between an inheritance tax and an estate tax. An estate tax is levied on the value of a deceased person’s belongings, properties, [...]
It is common practice to revisit an estate plan every three to five years, but it is very important to do so when a life change happens. There are certain life changes that warrant another look at an estate plan. Here is a list of some of the most common to be aware of [...]
More and more people are choosing to not have children these days. Still, at the end of life, where do these assets go?