We Want to Draft Your Legacy

Is Transferring House to Children a Good Idea?

December 11, 2020
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
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The Biggest Estate Planning Mistakes and How to Avoid Them

December 10, 2020
One of the biggest wealth transfers our nation has ever seen is about to take place. Over the next 25 years, as much as $68 trillion of wealth will be passed to succeeding generations.
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When a Husband Dies, Does the Wife Get His Social Security?

December 9, 2020
Social Security is a huge source of financial stability for retirees, and married couples, in particular, can benefit dramatically from Social Security.
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Pope Benedict XVI Declines Inheritance from his Brother

December 8, 2020
Retired Pope Benedict XVI has declined the inheritance of his brother Georg, who died in July, reported the German Catholic news agency KNA.
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Britney Spears’ Conservatorship Battle with Father Continues

December 7, 2020
James Spears has been her co-conservator since 2008, when the singer suffered a very public breakdown.
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What’s the Difference Between Nursing Homes and Assisted Living?

December 4, 2020
The time may come when your elderly mother, father or other loved one cannot fully care for himself or herself. The adult children may not have the time or resources to ensure their relative’s health and safety. At that point, it may be time for him or her to move into a residential facility that can provide the care and services needed.
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Does My Business Need a Power of Attorney?

December 3, 2020
As a business person you may have seen the term "durable power of attorney" in several situations. Power of attorney is a strange term because it's not immediately clear what powers an attorney for the business may have.
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When Should a Succession Plan Be Used?

December 2, 2020
We currently have the highest estate tax exemption and the lowest intra-family interest rates in history. That combination alone is significant, but when mixed with the potential for lower estate and gift tax exemptions and depressed business valuations, you have a potent catalyst for transitioning ownership.
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What’s the Estate Tax Exemption for 2021?

December 1, 2020
The federal estate tax exemption is going up again for 2021.
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What Does Legacy Planning Mean?

November 30, 2020
To ensure a lasting legacy, you need to get your documents in order and have a clear plan for how your wealth will transfer, avoiding taxes and inheritor pitfalls along the way.
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Welch Law, PLLC

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Jupiter, FL 33458

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