What do you do when you’re thinking about the legacy you want to leave behind and you realize that your adult children (and grandchildren) don’t want all of the belongings that are currently taking up space in your home? It can be hard to accept the idea that your...
Age Gracefully With A Plan In Place
Estate Planning
Revocable vs. irrevocable trusts: which one should you set up?
When you’ve worked your entire life and accumulated wealth, putting your affairs in order and planning for the future (both yours and the people and causes you care about) is one of the most sensible steps you can take. This is the very essence of estate planning. One...
How much can you help with an elderly parent’s estate planning?
It can be frustrating to have a parent who’s getting well into their senior years but doesn’t want to think about estate planning – even a will. No one wants to think about death, and the older someone gets, the more frightening it can be. Convincing an elderly parent...
4 different kinds of trusts that could make estate planning easy
A trust is a legal document that allocates assets to a trustee. Per the instructions of the trust, the trustee will distribute assets to beneficiaries. Trusts are often highly flexible and act much like wills. But, a trust has the added advantage of circumventing...
5 mistakes to avoid when creating an estate plan
Creating an estate plan is a crucial step in ensuring the smooth transfer of assets and the protection of your loved ones after your passing. However, without careful consideration and guidance, individuals can easily make mistakes that may have long-lasting...
Estate planning tools extend beyond simple wills
If you already have a will drafted, kudos to you for being proactive. Widespread estimates indicate that as few as one in three Americans have a will in place. As a result, your efforts have allowed you to outshine your peers when it comes to the estate planning...
3 reasons business owners should consider a trust
If you have worked hard to build a family business, it is only natural to want to protect and pass it down to the next generation. But figuring out the best way to pass wealth to your dependents is never a walk in the park, especially if the wealth in question is in...
What to expect when you talk to your children about estate planning
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...
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...