What Are the Advantages of Trusts?
This is a question we hear often. Learn what type of trust suits your specific situation and whether you need one. For example, maybe you have a disabled child and you want a trust to permit that child to inherit…
Inheritance: The Importance of Your Personal Possessions
Consider a scenario in which your estate plan is all set. Making sure your family gets your home, savings, and investments fair and efficiently will be the task of this service. Your plan will also protect your legacy from your…
How Are Advance Directives Used?
A tear streams down Kevin’s cheek as he stands in front of Winnie’s nursing home room. The medical staff just finished inserting a feeding tube into Winnie – an act Kevin knew she didn’t want. Unfortunately, Winnie couldn’t express her…
Probate Litigation: How to Avoid It
Legal disputes about wills and trusts, guardianships, and conservatorships can also influence family real estate and the authenticity of gifts. The most successful approach to mitigating or avoiding probate litigation risk is carefully planning for the future. Comprehensive estate plans…
Heirs Can Receive Income From Charitable Trusts
A charitable trust is an irrevocable trust that provides income to heirs while benefiting you or a charity. If you are philanthropically minded with nonessential assets like stocks or real estate, a charitable trust can offer many financial advantages for…
A Guide to Estate Settlement
You must consider certain criteria when you need to select an executor for your estate or accept the responsibility yourself as a representative of an estate. These include the complexity of the task and the order in which it should…
What You Need to Know About Powers of Attorney (POA)
A Power of Attorney (POA) document is an essential part of your estate planning. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal authority…
Maximize Harmony Among Heirs by Structuring Your Estate Plan
Your children, including minors and adults, may not agree about your family circumstances, including who should inherit your estate. Relationships can change and intensify when you die, with underlying issues that bubble to the surface, creating tensions over your estate…
Talk to Your Aging Parents About Finances and Estate Planning
It is essential that as your parents’ age, you have conversations with them about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to…
Regular Reviews Keep Your Estate Plan Current
Reviewing your estate planning documents on a regular basis help to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change.…