The Law Offices of Neil J. Cacali Legal Blog
3 things you should never put in a will
Your estate plan outlines your wishes to help provide for your loved ones after you pass away. Taking the time to set it up correctly is important so that your administrators can get your estate handled as quickly and efficiently as possible. There are a few things...
What everyone should know about trusts
Nearly everyone builds up some sort of assets during their lifetime. You even have some sort of an idea about how you want to divide your estate after you pass. The question is, “How can you ensure your family and friends get the inheritance you wish for them?” One...
Why you should have a will written right now
Having a will ensures that your assets are appropriately divided. Dying without a leaves your assets in the hands of the local court. You shouldn’t wait to write your will if you have assets you want family and friends to inherit. You might be making it harder for...
Do your loved ones really want your timeshare property?
Timeshare properties are often listed among the worst possible assets a person could inherit. If you’ve got a timeshare property that has brought you years of happy vacation memories, you may find this hard to believe. Who wouldn’t want to inherit a timeshare at a...
How to ensure that you get the funeral you want
One of the many advantages of estate planning is that it gives you the opportunity to detail your wishes for your burial or cremation and any ceremonies or celebrations of your life around it. As you do it, it’s wise to determine what this is going to cost and to put...
Who should you name as power of attorney?
While most people think of the estate plan as something that they’ll only need if they pass away, there are components that come into the picture if you become incapacitated. Two of these are the powers of attorney (POAs) for medical care and the one for finances. ...
Filing the final income tax returns of a decedent
One of your responsibilities as the executor of someone’s estate is to file their income taxes for the year they passed away. If they passed away before they filed their taxes for the prior year, those would be your responsibility as well. If you’re the executor and...
3 estate planning tips for blended families
You never thought it would happen, but you found love – again – later in life. You’re about to embark on a second (or third) marriage. Now, you just have to get your estate plan set up correctly, with an eye toward making sure that both you and your loved ones are...
What skills should you look for in a business partner?
If you're starting a business with a partner, you may have someone in mind at the beginning. Perhaps they are a friend or a co-worker. Maybe they're even a family member. As you go through the process of deciding whom you want to start this company with, one key thing...
Potential reasons for landlord-tenant disputes
Landlords and tenants will sometimes run into significant disputes that impact their professional relationships. It is important for both sides to know how these disputes might arise and how they can be resolved. The end solution is not always eviction. Simply finding...