Estate Planning Helps Millennials Protect Offline and Online Lives

A couple looks at the blueprints of a house for a remodeling project.

Time to put aside your preconceived notions about millennials. It’s hard to believe, but some in the generation are starting to close in on their 40s. Born between 1980 and the mid-1990s, they have growing families, assets, bills and pets, just like other generations before them. And just like those previous age groups did when approaching life’s milestones, millennials need to start estate planning. “It’s no less important for this generation than for their parents,” say estate-planning attorneys Jason Smolen and Dan Ruttenberg of SmolenPlevy. Read more »

On WTOP: Dan Ruttenberg Shares 5 Tips for Handling Your Office Pool’s Mega Millions Jackpot

Attorney Daniel Ruttenberg

It’s everyone’s dream to win the lottery. Offices across the U.S. are teaming up to buy tickets now that the Mega Millions jackpot tops a billion dollars. However, if you actually win, you’re going to have a long list of issues to deal with. News radio WTOP turns to SmolenPlevy principal Dan Ruttenberg for five tips for your office’s Mega Millions pool. Read more »

Divorce: Gathering Financial Documents

Attorney Alan Plevy discusses what financial documents you should gather during divorce.

In most marriages, there is a division of labor where one person is usually responsible for taking care of the finances. Unfortunately, when a divorce occurs, the person who isn’t the household CFO will need to learn and understand what accounts exist. Family law attorney and principal Alan Plevy explains you should begin the divorce process by gathering your financial documents to save money and time in the long run. Read more »

In the Media: Attorney Marissa Bagasra Discusses Taking on the Role of an Executor on #ProbateNavigated

Attorney Marissa Bagasra

When someone sees they’re named as executor in a will, they believe it is something they must do. However, that may not be what’s best for the person or what’s best for the estate. Being an executor is not a “have to do,” it should be a “want to do.” #ProbateNavigated asks SmolenPlevy’s Marissa Bagasra how to decide whether you should assume the role of executor. Read more »

Partner Joshua B. Isaacs Named President of the Fairfax Law Foundation’s Board of Directors

Attorney Joshua B. Isaacs

SmolenPlevy is pleased to announce Partner Joshua B. Isaacs began serving as President of the Fairfax Law Foundation’s Board of Directors on July 1. The Fairfax Law Foundation is committed to justice in society. The Foundation provides law-related education to the youth and the community; directs legal assistance to the indigent and those with special needs; and promotes access to and improvements in the justice system within Fairfax County, Virginia. The motto of the Foundation is “Equal Justice for all.” In his role as President, Mr. Isaacs will oversee the meetings of the Foundation’s Board of Directors, assist with fundraising efforts, as well as support in the planning of the Foundation’s various programs. Read more »

Naming a minor as beneficiary of a life insurance policy or retirement plan can lead to unintended outcomes

A child carries a yellow balloon in high grass.

A common estate planning mistake is to designate a minor as beneficiary — or contingent beneficiary — of a life insurance policy or retirement plan. While making your young child the beneficiary of such assets may seem like an excellent way to provide for him or her in the case of your untimely death, doing so can have significant undesirable consequences. Read more »

When Family Members Collide: Smart Estate Planning Can Prevent Epic Battles

A mother argues with her children.

After a life filled with success and accolades, 95-year-old Stan Lee — famous comic-book writer, editor, film executive producer and publisher — surely didn’t want his sunset years to devolve into a nightmare of conflict and betrayal more fitting for one of his films than for real life. Since losing his wife, Joan, last year, Lee has been locked in battle both with family and associates over his financial affairs, all while struggling with failing health. His 67-year-old daughter, J.C., is but one of a cast of characters whom Lee says have “bad intentions.” Read more »