Bott & Associates, Ltd.

Rarely is divorce ever peaceful, however, some divorces are much more contentious than others. Spouses that are toxic when in the relationship are likely to show these same behaviors, but even more prominently, if you divorce them. Toxic people may…

Preventing Probate By Establishing an Estate Plan Rarely does anyone actually want their assets to go through probate, as it is a time-consuming, frustrating, and expensive process. Probate will be necessary if someone passes away without a will or estate…

What Is a Conservatorship — and Who Needs One? Recently, singer Britney Spears testified in court about the 13 years she spent in a legal structure called a conservatorship. In vivid testimony, she described her father and lawyers seizing control…

What Is Your Financial Personality? What are your attitudes about money? Consider which of these five categories your financial tendencies mirror: Saver. Savers save because having money makes them feel secure. They are wired to save rather than spend. When…

Estate Planning for High-Net-Worth Individuals and Families President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up in basis that wealthy taxpayers often use to minimize tax liability for inherited wealth. The step-up in…

How To Dispose of Assets Outside the Family Estate planning isn’t just about distributing your things after you’re dead; it’s about the relationships you’ve established in your life. It’s difficult to face your own mortality, but it’s important to make…

What Papers Do You Need To Save? Sometimes it feels good to get rid of clutter. Cleaning out papers that you have kept for years is a good project if you no longer need the papers that you’re throwing out.…

What To Know About Organ Donation You may need an organ transplant if one of your organs fails or is damaged by disease or injury. During an organ transplant, doctors remove an organ from another person and place it into…

How To Divide Possessions Among Heirs It is easy to imagine that the death of a loved one brings families together in grief, but that’s not always the case. Sometimes, for example, the daughter of the deceased will announce that…