Unfortunately, a startling 79% of millennials do not have basic estate plans in place. Your needs and goals may vary, but having an estate plan in place is crucial for every adult, including millennials. You do not know what the future holds, and we can help you make sure that plans are in place that not only provide for your own future needs but also those of your loved ones and pets.
We wish you the happiest of holidays. May you be captivated by the magic of the season and filled with hope in the new year!
Being asked by a family member or close friend to serve as trustee for their trust upon their death can be an incredible honor. At the same time, however, serving as a trustee can be a massive responsibility—and the role is not for everyone. Click on this link to learn if you should take on this role.
Estate Planning Awareness Week is a great opportunity not only to take steps to make sure your own estate plan is up to date, but also to talk to your family members--especially elderly parents--about creating an estate plan. Estate planning is often a difficult topic to broach, as it brings the unpleasant topics of aging and death to the forefront of our minds. However, creating a proper estate plan can also provide significant peace of mind for your family members by ensuring their life savings are protected, plans are in place in the event they become ill, and their property is passed down according to their wishes. Read this post for a few tips to help you start the conversation.
Intergenerational estate planning is important. This type of planning is about more than just helping one generation build as much wealth as possible. These plans help prepare heirs to both manage and preserve those assets into the future for long-lasting enjoyment.
There are several reasons why you should update your existing trust or perhaps your entire estate plan. While estate planning documents do not necessarily have a shelf life, they may not fulfill your goals when your circumstances change. Of course, having estate planning documents that are up-to-date is critical, but how do you know when you should make changes?
Let us help you make sure that none of these events unfold. We’re here to guide you every step of the way through creating and maintaining a timely, robust, and strategic estate plan. Give us a call today to make sure your plan is current and includes all the necessary provisions to keep a contest from occurring in the future.
Consider these three asset protection tips to ensure creditors won't go after your hard-earned money.
Consider these three liability planning tips for physicians to protect their hard-earned money.
Estate planning is more about protecting your values, morals and legacy than it is about protecting your money. Find out more here!
If you've been procrastinating about completing your estate plan, now is the time to get it done!
Equal division of your estate to your beneficiaries may make sense for some people. However, there are other reasons why unequal division may be more fair.
Establishing a trust is a great probate-avoidance tool. But having a trust doesn't necessarily keep you out of Probate Court.
For some wealthier couples, lifetime QTIP trusts may be a good estate planning tool. The QTIP Trust is created and funded with gifts from the wealthier spouse that qualify for the unlimited marital deduction while both spouses are living.
Here's a checklist of documents and items you should bring to your initial consultation with your new estate planning attorney.
Many people think having just a Will is a sufficient estate plan. However, what most people don't realize is that their Will only goes into effect upon that person's death. What if you become incapacitated? Do you have a plan in place? If not, a conservator may need to be appointed to manage your financial affairs during your incapacity.
A new child is a welcome addition to the family. Taking care of this precious child means ensuring your financial and personal affairs are in order in the event of your death or incapacity.
It's wonderful you have an estate plan. Now, it's up to you to ensure that estate plan fits your current financial and personal circumstances.
Tax Day is just around the corner. Don't make these 4 mistakes when filing your taxes.
While putting together an estate plan is important for you and your loved ones, it is equally important for you to understand the role of the trusted individuals who will be carrying out your wishes when you are unable to. When it comes to estate planning, these helpers are key.
If you have recently been diagnosed with a serious medical condition or illness, consider taking these three steps to ensure you and your loved ones are protected.
Under current federal tax law, most estates will not be subject to federal estate taxes or "Death Taxes." However, if your estate is of significant value, you may want to consider portability.
If you don't have any family members or close friends who are able and willing to help you manage your personal and financial affairs, a Private Professional Fiduciary is a great alternative.
Do you know who is listed as your beneficiary(ies) on your beneficiary designated assets? If not, the answer may surprise you and can negatively impact your estate plan.
Historically, Halloween was a celebration of human death. Have you thought about what will happen upon your death?
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