Estate planning is a crucial process that involves dividing money and property after someone passes away. Though many people are familiar with wills as a means of distributing assets, trusts can be even more effective. A trust is a legal…
Help your child plan for their financial future, no matter where they are in life. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare…
When you are unable to express your wishes, your health care power of attorney becomes your voice. The Role of a Health Care Power of Attorney A power of attorney, also known as a health care proxy, is a legal…
Fiduciaries are individuals, professionals, or organizations that are legally obligated to act in the best interest of their appointed beneficiaries. Carrying out the terms of a will or trust or making medical or financial decisions on behalf of another are…
It is common for disputes over guardianships and conservatorships, wills and trusts, and family real estate to arise as part of probate litigation. The most successful approach to mitigating or avoiding probate litigation risk is careful planning. Comprehensive estate plans…
Children should be divided assets equally in many situations. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family issues after you are gone. While the…
A grieving loved one should not inherit assets only to discover that they cannot be accessed for cash expenditures they will be responsible for after you die. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to…
We’ve all heard of trusts, often in reference to someone who is the beneficiary of a trust fund. Some may believe that only wealthy people have trusts, but they are common and useful tools when creating estate plans of all…
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…
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…