Year: 2024

A life insurance policy ensures that the next generation will have substantial financial assets at their disposal. Many parents see this as a way to provide financial security for their adult children and grandchildren. For instance, you may have purchased a life...

If you are planning your will, then it can help to understand what happens after you pass away. The executor of the estate is responsible for following your last wishes during probate. Probate is a process that happens after you pass away, which gives your executor...

You’ve probably seen those online estate planning advertisements on TV or on the internet. You might consider using one rather than getting professional estate planning guidance. After all, you may do your income taxes online rather than going to an accountant. ...

A major component of wealth management is making sure that your estate is set up so it passes as much as possible to your beneficiaries. In some cases, this can mean having to take steps to control the value of the estate because of estate taxes.  One option that you...

One potential problem you could run into when drafting your estate plan is that you think some of your money is going to be wasted by the beneficiaries. Perhaps you have a specific beneficiary who has problematic spending habits. They are constantly accumulating debt...

The Great Wealth Transfer is the unofficial name given to the shifting of assets from one generation to the next. We are currently at the point in the United States where the biggest wealth transfer of all time is about to take place. In the next two decades, $84...

When creating your will, you want to minimize the risk of a will contest or challenge to your final wishes. Will contests often result in prolonged legal battles that strain family relationships and drain estate resources? Fortunately, you can take proactive steps now...

Including a caregiver in your estate plan is certainly your right. However, if not handled properly, this decision can be challenged by other beneficiaries or family members. As such, you’ll want to take some steps to effectively address your caregiver in your estate...

A slight mistake when planning an estate can create huge problems for family members and loved ones. Even a slight issue with an estate plan could lead to asset distribution delays, major taxes and disputes. Do not let a simple estate planning mistake create issues...

For many people, an important part of estate planning is setting up powers of attorney (POAs). An example of this is a medical POA, which involves potential future medical decisions. You set up the medical POA and name someone to act as your agent, If you’re...