Terry Law Insights
Terry Law Insights features practical guidance and thoughtful observations on estate planning, estate and trust administration, fiduciary matters, business planning, nonprofit organizations, and tax-related issues.
The articles below address legal issues commonly encountered by individuals, families, fiduciaries, nonprofit organizations, financial institutions, and business owners. They are intended for informational purposes only and should not be construed as legal, tax, or other professional advice or as creating an attorney-client relationship.
I Named All Three Kids Co-Executors. That’s Fair, Right?
Naming all of your children as Co-Executors may seem like the fairest choice, but equal inheritance doesn't necessarily require equal responsibility. This Insight looks at some of the practical and family considerations that can arise when multiple children are asked to administer an estate together.
We Have a Buy-Sell Agreement... Somewhere.
Having a buy-sell agreement is one thing. Having a business succession plan that is signed, current, funded, and coordinated with your estate plan is another. This Insight looks at why business owners should make sure the plan they put in place years ago will actually work when it is needed.
The Light Is Green. Can I Go?
Being named an executor, trustee, or agent under a power of attorney can provide significant authority, but that authority has limits. This Insight looks at why understanding the scope of your authority matters before you act.
I Don't Need Estate Planning Because I Don't Have Enough Assets
Think you don't have enough assets to need estate planning? This Insight looks beyond net worth to the important decisions an estate plan can help you make for yourself and the people you care about.
Do I Need a Revocable Trust?
Do you need a revocable trust? This Insight explains when a revocable trust may be appropriate, when a Will may be enough, and addresses several common misconceptions about trusts and probate.
When Should You Update Your Estate Plan?
Estate planning isn't something you complete once and forget. Learn the common life events that should prompt a review of your estate plan.
Why I Started Terry Law, PLLC
Why I founded Terry Law, PLLC, the principles that guide my practice, and my commitment to providing practical estate planning, business, and fiduciary counsel.

