Share Your Estate Plans With Your Family
With a comprehensive estate plan, you can ensure a successful transfer of wealth to your loved ones. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and up-to-date estate plan, your family may experience emotional or financial turmoil despite your best efforts. […]
Trusts and the Role of the Trustee
It is likely that you have questions regarding how you want your assets distributed and who should have that responsibility, regardless of where you are in the estate planning process. A trust can be a great tool in your estate planning tool kit. A properly created trust can give you and your family more options […]
Trustee Responsibilities
When you are considering your estate plan, or are in the middle of it, you may be wondering how your assets will be distributed and who should oversee this. A trust can be a great tool in your estate planning tool kit. A properly created trust can give you and your family more options and […]
Six Estate Planning Errors to Avoid
When you plan your estate, your assets, interests, and loved ones are protected after your death. There are many individuals who make costly mistakes when they do not seek the advice and guidance of an experienced estate planning attorney. Poor planning can cause additional stress to your heirs in the time of grief in addition […]
History’s Biggest Wealth Transfer
Never before in human history has there been a time like this in terms of finance. Baby boomers are preparing estate plans to leave their legacies to their children, putting America on the cusp of the largest transfer of wealth ever. There will be a wealth transfer of unprecedented proportions over the next 25 years, […]
Including A Personal Property Memorandum in Your Will or Trust
It is not uncommon for family members to argue over dad or mom’s favorite items after their death. Disputes can occur over things such as a coffee mug, jewelry, or a painting. Filling out a personal property memorandum and keeping it with your will or trust will eliminate these types of arguments. A personal property […]
Avoid Turning a Family Dispute into a Legal Dispute
When family problems about end-of-life care for a parent and inheritance reach the status of a legal filing and court case, they can have serious repercussions because of drama, cost, lost time, and broken relationships. It is possible to move beyond the possibility of this happening and create or amend your estate plan to mitigate […]
The Secure Act In 2020
Congress has passed a bipartisan appropriations bill. In the contents of this spending bill is a piece of legislation known as the Setting Every Community Up for Retirement Enhancement Act (SECURE), the first significant change in retirement legislation since the Pension Protection Act in 2006. The President signed the Act into law on December 20, […]
Consider a Special Needs Trust for a Disabled Loved One
What is a Special Needs Trust? In general, a trust is created when property or assets are managed by a person or firm for another person’s benefit. The person or entity who manages the trust is known as the trustee and will be responsible for making decisions in the best interest of the person who […]