Estate Planning

How to Collect on Life Insurance Proceeds

By Burner Law Group, P.C. / December 7, 2022 / 0 Comments

Most people do not realize that a Will likely does not control who collects on a life insurance policy. The beneficiary named on the policy supersedes the Will. So long as the policy owner correctly designated a beneficiary on the policy, that designation controls. If you are the primary beneficiary If you are the primary […]

Read More

Drama Free Ways to Disinherit a Child

By Burner Law Group, P.C. / November 4, 2022 / 0 Comments

In New York State, a parent has no obligation to leave an inheritance to a child. Many other countries have “forced heirship” which prohibits parents from disinheriting children, but Louisiana is the only US state with such a law. In New York, the only relative who cannot be disinherited is a surviving spouse. The surviving […]

Read More

Should You Add Your Child as a Joint Account Owner?

By Burner Law Group, P.C. / October 25, 2022 / 0 Comments

There is a long running joke about lawyers never giving straight answers. We prefer to give clients definitive answers but when clients ask us whether to add a child as a joint account holder, we always say, “it depends.” Adding your child as a co-owner on your bank account can be positive or negative depending […]

Read More

Estate Planning for Singles

By Burner Law Group, P.C. / October 19, 2022 / 0 Comments

There is much discourse about estate planning for married couples, but what about seniors who are widowed or have never married? Single people often have more complicated estates – especially if they do not have close natural heir such as a spouse or child. Moreover, maintaining independence requires having Advance Directives in place to plan […]

Read More

How charitable giving fits into your estate plan

By Burner Law Group, P.C. / October 14, 2022 / 0 Comments

For the charitably inclined, there is always a question of how to be most efficiently leave money to charities in your estate plan. Charitable giving ranges from simple small monetary amounts to more complicated charitable trusts. No matter the option, there are potential income tax and estate tax implications to consider. Specific Bequests to Charities […]

Read More

Small Business Decisions: Should My LLC be an S-Corporation?

By Burner Law Group, P.C. / September 23, 2022 / 0 Comments

The limited liability corporation, or LLC, is designed to combine the flexibility and simplicity of a basic partnership with the protection of a corporation. “LLC” stands for “Limited Liability Company” and owes its name to the fact that the members (owners) of the LLC are not personally liable for the debts and liabilities of the […]

Read More

Estate Planning with Adult Children

By Burner Law Group, P.C. / August 3, 2022 / 0 Comments

Question: My spouse and I completed our estate planning with an attorney. In our planning, we left our legacy to our adult children. Should they have their own estate planning? Answer: Yes, they should have their own estate planning documents for several reasons. Each adult child should have their estate planning documents to dictate the […]

Read More

What steps should I take with my loved one’s estate and my own planning?

By Burner Law Group, P.C. / July 20, 2022 / 0 Comments

Whenever a loved one passes, especially one that was depended on, it is often difficult for one to even consider the next steps, yet alone know what those steps are. To start, there will be two professionals you’ll want to seek professional advice from. One is a Trust and Estates Attorney who can help review […]

Read More

How Often Should I Update My Financial & Legal Documents?

By Burner Law Group, P.C. / July 8, 2022 / 0 Comments

You should be checking on your accounts as often as you review your estate plan. In general, we recommend an estate plan review every three to five years. Any change in life circumstances or family, or changes in the law, will warrant a review of your plan as well. The proper titling of your accounts […]

Read More
sticky note that says tax season

Tax Season is the Perfect Time for Estate Planning

By Burner Law Group, P.C. / April 6, 2022 / 0 Comments

Spring is here and so is tax season. The income tax filing deadline this year is April 18, 2022. You have likely been gathering your documents or filing an extension. Since you are already working on putting your affairs in order, this is the perfect time to finally check estate planning off your to-do list.  […]

Read More
Scroll to Top
Schedule a Consultation