No one wants to think about dying. We all want to enjoy the time we’re here and spend our time doing things we love with the people that matter to us. But, speaking of the people you love, when you pass away it’s going to be important for them (and for you) to know...
Estate Planning
How can you prepare for your estate planning consultation?
It isn’t easy to contemplate an end to life, much less plan around it, but doing so is vital during your life and after you die. Through estate planning, you can provide for your loved ones, preserve your assets and direct your healthcare. Those who have never created...
Have you drafted a digital estate plan yet?
Numerous surveys conducted by widely-respected sources confirm that as few as one out of every three Americans has an estate plan in place. Therefore, if you’re either thinking about drafting an estate plan for the first time or you already have one in place, you’re...
Should you tell someone they won’t inherit?
If you have children, they probably expect to inherit something when you pass away. Yet child-parent relationships can sometimes become strained, and you might decide you don’t want to leave anything to one (or all) of them. Should you leave them to find out when it’s...
Why use a spendthrift trust?
When deciding how to distribute assets to your heirs, do you find yourself wondering how your heirs are going to use the money? Maybe you don’t care enough to create an official trust that guarantees it has to be used for one specific thing, such as a college...
What should you know about an irrevocable trust?
The estate planning process often involves using more than one method to make sure your loved ones get what you want them to have. While many people might think of the will as the first place to put assets they want to pass down, this is often not the best option....
What does a power of attorney do?
As you make your estate plan, one thing you may consider is setting up a power of attorney. When you do this, the documents allow you to choose an agent. You are giving them – the agent – the power to make decisions for you. The general reason that people do this...
Avoid these 3 mistakes when making your will
You’ve heard that a will can help protect your family and loved ones even after you die and ensure your final wishes are respected. At the very least, drafting a last will can help you spell out how your assets should be distributed once you’re gone. Drafting a last...
3 errors you shouldn’t make in estate planning
Setting up your estate plan requires you to think carefully about what you want to happen when you pass away. Your loved ones will use the plan to determine how to handle your assets. Many people don’t realize that an estate plan is much more than that. Your estate...
3 reasons to update your estate plan
An estate plan is not like a pint of milk. There is no expiration date. However, while it can have a long life (all the way until you die), you might want to replace it with a fresh one every so often. Why do this if it does not expire? Because your situation will...