Essential Considerations for Helping Aging Parents

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At some point, we will all face the situation where our parents begin to age and slow down, both physically and mentally. As an adult child, this shift in the dynamics of your relationship with your parents can be challenging to navigate. On one hand, you want to respect their privacy and independence, but on the other hand, you want to make sure they are continuing to make decisions that are in their best interests. Therefore, it’s important to begin assessing their changing needs and makin...

Best Lawyers in America© Recognizes Gaslowitz Frankel Founding Partners

Gaslowitz Frankel LLC is proud to announce that partners Adam Gaslowitz and Craig Frankel have been selected for inclusion in The Best Lawyers in America© 2017 for the specialty of Litigation - Trust and Estates.  This prestigious recognition is based entirely on a peer-review with the goal of understanding the professional abilities of colleagues within the same geographical and legal practice areas. This is the 9th and 5th year respectively that Mr. Gaslowitz and Mr. Frankel have been recogniz...

Precautions for Providing For Financially Irresponsible Heirs

Providing for the future of your heirs is generally the primary goal for your estate plan. However, what do you do when one of your heirs is financially irresponsible or dealing with challenges that prevent him or her from making sound decisions? Whether the heir in question is dealing with substance abuse issues, a spouse that can’t be trusted, or simply a history of poor financial choices, certain precautions should be taken so the inheritance they receive doesn’t enable negative behavior....

The Advantages of Mediation in Will and Trust Disputes

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Lawsuits do not necessarily have to proceed to a trial before a judge or a jury. Often, before or after a lawsuit is filed, there is a window of opportunity in which the parties involved may reach a settlement or negotiation that will reduce financial costs, risks, uncertainty and the emotional turmoil of moving forward with a lawsuit. When this window presents itself, the attorneys representing the respective parties may be able to resolve estate and trust issues through a form of Altern...

How to Protect Your Sensitive Financial Information

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It’s an undisputed fact that financial scams are on the rise. In 2015 alone, 13.1 million Americans were victims of fraud, accounting for over $15 billion dollars in losses. That number is expected to increase in 2016. With more purchasing online, there is now significantly greater opportunity for criminals to obtain and exploit your sensitive financial information. In addition to unknown criminal elements seeking to obtain and exploit your financial information, sometimes unscrupulous fr...

How Wealthy Families can Talk with their Children about Wealth

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Preserving Wealth Depends on Strategic & Consistent Heir Education You’ve worked hard to build your estate, and maintain it over time. Eventually, it will be time to leave your estate to your children. How will you make sure that they are prepared? Just as you have a responsibility to manage your wealth, you have a responsibility to educate your children about how to manage it. Children also have a responsibility to learn. One of the hardest parts of passing along wealth is that of...

Prince’s Estate: Future Disputes and Litigation Issues

prince estate dispute
The sudden death of music icon Prince saddened fans around the world. However the turmoil surrounding the entitlement to, and distribution of his assets can teach us all some valuable lessons about how intestacy can cause nightmarish issues in estate planning. Prince was an extremely private artist who was insistent upon having a great deal of control when it came to creative licensing rights and his music.  His legal skirmishes were almost as legendary as his music; so it came as a huge ...

“Do The Children Want Our Antiques?” – Personal Property and Your Estate Plan

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Purchasing habits and personal taste have changed drastically in recent years. Members of the Greatest Generation were collectors, and Baby Boomers loved to buy things as status symbols and trophies. Now, Gen X and Millennials are living much less formal lives and therefore are not interested in most of the personal property that was once valued and cherished by their parents and grandparents. For the first time in history, we have a generation that doesn’t want the assets that family member...

New Fiduciary Rules and What They Mean for Retirement Investment Accounts

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After five years in the making, the DOL finally approved a new fiduciary rule that is designed to protect client retirement investment accounts by regulating investment advice from dealer-brokers. The rule has stirred up quite a bit of controversy in the financial world, as it will dramatically change the suitability standard that brokers previously operated under. Broker-dealers are currently operating in an environment of increasingly stringent regulations and scrutiny, but with investm...

Gaslowitz Frankel Firm News | April 2016

On Air at Gwinnett Business Radio X
Partners Craig Frankel and Millie Baumbusch Lead Discussion on “Wealth Matters” Radio Show Last week, Partners Craig Frankel and Millie Baumbusch hosted our “Wealth Matters” radio show on Gwinnett Business Radio X. The topic of discussion was “What You Need to Know About Protecting Your Digital Assets.” Special guests Jim Dougherty, Technology Services Director at Bennett Thrasher, Elizabeth Faist, Associate at Sutherland Asbill & Brennan LLP, and Putnam Smith, Partner at Lipscomb,...