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A collection of thoughts from our team.
If you already have an estate plan then you are ahead of most Americans. According to one survey in 2020, less than 1/3 of Americans have an estate plan. However, your estate plan may need to change. The will you executed five or ten years ago, may no longer reflect your current situation. That is why you should review your estate plan periodically to make sure it accurately reflects your wishes.
As you all know, the COVID 19 Pandemic and the Governmental Actions in response have created very challenging business conditions. Employers are facing difficult decisions trying to balance taking care of their employees while ensuring the continued viability of their companies during this crisis and beyond.
In a world where do-it-yourself (“DIY”) projects are all the rage and the internet provides guides to everything from DIY home improvement to DIY tattoos, a person may be tempted to try his or her hand at revising/changing an existing Last Will and Testament. The unfortunate reality is that some matters- including estate planning- are ill suited to tackle without special knowledge and training.
Producers of “Rolex”, “Mercedes Benz”, and “Louis Vuitton” have put significant effort into creating a name consumers associate with luxury, quality, and reliability. If an inferior product is released in the market with a confusingly similar mark consumers may be duped into buying what they thought was the higher quality product.
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