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Nicole Pavlik Law Firm blog

In my blog, I want to give clients, and potential clients, helpful advice on Estate Planning, Business Planning, trusts, wills, probate and on how to secure your family's future, and your business's success.

Does My Estate Plan Need to Include My Vacation Property?

Yes! If you own a vacation home, timeshare, investment property, or any other asset outside of the state where you are domiciled you must make sure it...
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How Your Trust Can Help a Loved One Who Struggles with Addiction

Substance addiction is by no means rare, impacting as many as one in seven Americans . Because of its prevalence, navigating a loved one's addiction i...
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Did you include your grandchildren in your will? 5 Tips to Avoid Common Problems

As we build wealth, we naturally desire to pass that financial stability to our offspring. With the grandchildren, especially, we often share a specia...
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Estate Planning For the Newly Married

Now is the perfect time to start working on an estate plan—because, as newlyweds, you may not have a list of your accounts, but you've effectively jus...
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5 Things Every New Mother Needs to Know About Wills

As a new mother, you naturally want to ensure your new baby's future in every way. For many new mothers, infancy is a time for celebrating new life, a...
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Can You Gift Your Frequent Flyer Miles?

If you're a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you're gone. They c...
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Your Cyber Legacy: 3 Tips for Your Digital Assets

There's an entire category of commonly-overlooked legacy to consider – digital assets. Don't worry if you didn't consider these assets when made your ...
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4 Tips for Avoiding a Will or Trust Contest

A will or trust contest can derail your final wishes, rapidly deplete your estate, and tear your loved ones apart.But with proper planning, you can he...
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How to Protect Your Child’s Inheritance from His or Her Untrustworthy Spouse

Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or...
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Is a Payable on Death Account Right for You and Your Family?

Payable on death accounts, or "POD accounts" for short, have become popular for avoiding probate in the last decade or so. What is a POD Account? A PO...
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Make an Achievable 2018 New Year's Resolution – Get an Estate Plan Checkup!

With 2018 here, it's time to start thinking about your new year's resolutions. It doesn't matter whether you have an estate plan or don't, one im...
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New Baby? Time to Create Your Estate Plan

Estate planning is often one item that gets pushed back on nearly everyone's to-do list. The reasons you might be delaying vary: lack of time, not thi...
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How Long Should You Keep Important Documents?

In a society dominated by paperwork, the question of how long to hold on to important documents has been baffling for most people. We especially worry...
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What To Do After a Loved One Dies

If you've been appointed an executor of a loved one's estate, or a successor trustee, and that person dies, your grief – not to mention your to-do lis...
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Who Should Be Your Successor Trustee?

If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually ...
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5 Things to Talk About with Your Family

You intend to pass along your wealth through your estate plan, but what about your wisdom? Ensuring you accomplish both calls for a family meeting to ...
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Where There’s a Will, There’s a Way… and It Might Be Probate Court

​ Preparing a Last Will and Testament (more commonly known as a will) is important, but many people don't understand what a will does and doesn't do. ...
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Advanced Directives Registry: A Great Way to Store Your Documents

A couple of the documents I prepare as part of my services are the Health Care Power of Attorney and the Living Will. These documents are important to...
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Don’t Make These Mistakes with Your Beneficiary Designations

There are financial accounts such as life insurance policies, 401k, IRA's, etc.that allow you to choose the primary beneficiary(ies) and contingent be...
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Putting Rental Properties into a Limited Liability Company

​ Putting an investment or rental property into a limited liability company (LLC) can be a great way to protect your personal assets from any liabilit...
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