Estate Planning

Monday, May 23, 2022

Choosing a Trustee

Including a trust in your estate plan can help you accomplish your goals and preserve a better future for your loved ones. While the type of trust best suited for an estate plan will vary depending on the goals it is intended to serve, there are certain parts of the trust that will have to be settled for it to be effective.
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Saturday, May 21, 2022

Taxes and Estate Planning

Taxes may not be your favorite topic. In fact, taxes may be far from your favorite topic. After all, taxes can be costly, complicated, and an overall headache. The fact is, however, that taxes are a reality of life and also of death. Taxes can have a big impact on your estate plans and the amount of an inheritance you are able to effectively transfer to your heirs.
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Sunday, April 17, 2022

What is a Charitable Lead Trust?

Are you passionate about a particular cause? Is charitable giving a priority for you? If so, there are a number of estate planning tools that will allow you to prioritize charitable giving as well as allowing you to reap a number of other benefits, such as reduced tax liability and ease of asset transfer to your loved ones. One such mechanism is a charitable lead trust.
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Thursday, April 14, 2022

What is the Difference Between a Guardianship and a Power of Attorney?

Having a loved one reach a point where they need assistance handling their own affairs can be difficult. The situation may happen suddenly or you may realize the state of things gradually. Regardless, when a love done needs this kind of help, there are only a certain number of legal options you have available to put the tools in place to provide them with the assistance they need. The longer you wait, the more limited your options may become. Two of the primary ways of putting a structure in place to allow a person to assist a loved one in the management of their affairs is through a guardianship or a power of attorney.
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Sunday, March 20, 2022

Unique Estate Planning Considerations for Single Parents

Single parents have a lot on their plates, to say the least. Oftentimes, a single parent is the sole provider for their children. This includes both financial support as well as being the sole caregiver. When all of these responsibilities rest squarely on your shoulder, it can be a lot of pressure to make sure that everyone continues to have their needs met. The thought of sudden illness, incapacitation, or death may cause you an overwhelming amount of anxiety, but there is peace of mind to be gained from confronting and preparing for these possibilities.
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Monday, February 14, 2022

Your Estate Planning Checklist

Have you decided it is time to put a strong, comprehensive estate plan in place? If so, congratulations on taking an important step towards protecting your future and that of your loved ones. Beyond the initial decision to set up an estate plan, you may not be sure what to do next. Get in touch with an experienced, knowledgeable estate planning attorney and, in the meantime, begin working through this estate planning checklist to be as prepared as possible for the process ahead.

Your Estate Planning Checklist

A good first place to start is by gathering information about all of your assets. Compile a list of your assets as well as the value of each asset.
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Friday, February 11, 2022

What is the Difference Between a Will and a Living Trust?

Estate planning is an essential way of protecting a future you want for yourself, your loved ones, and your hard earned assets. If you have been wondering when the best time to start estate planning is, the answer is “now.” Along the estate planning path, you will be faced with many important decisions. For instance, there are a number of estate planning tools that will help with the distribution of your assets to your intended beneficiaries after you pass away. While most people think of a will for accomplishing this, it is not the only option.
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Thursday, January 20, 2022

Making Sure Your Children Inherit Your Home

Are you planning to leave your home to your children? It is very common for parents to want to do this, especially considering a person’s home is usually one of their biggest assets. If you know that you want to leave your home to your children, have you considered how you want to do this? There are, in fact, several ways you can plan for the transfer of your home to your children after you die.

Making Sure Your Children Inherit Your Home

A will is probably the most well-known estate planning tool, especially when it comes to mechanisms for the transfer of assets to heirs after a person’s death. You can, of course, leave your house to your children through your will. You should note, however, that some people shy away from using wills to transfer assets as it means heading to probate.
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Monday, January 17, 2022

Estate Planning for Your Invaluable Assets

Have you considered what will happen to your most treasured possessions after you die? We are not just referring to those assets that are great in monetary value such as real estate and investment accounts. What about those assets that are truly invaluable? We all have those items that may not be worth much in terms of money, but hold a priceless amount of sentimental value. Have you considered these invaluable assets in your estate plan?

Estate Planning for Your Invaluable Assets

Whether you have an estate plan in place or not, you may have overlooked the distribution of your invaluable, sentimental assets. These are things that may include family pictures and videos or family heirlooms passed down from one generation to the next. In any event, it is dangerous to assume that such treasures will find their way to the right person after you pass away.

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Wednesday, December 15, 2021

Will a Revocable Trust Avoid Probate?

A properly structured revocable trust can be a really valuable estate planning tool for a number of reasons. Many people who choose to include a revocable trust in their estate plans do so, at least in part, to avoid probate. Probate can be problematic on a number of levels. First, probate is a public court proceeding and a matter of public record. This means goodbye privacy for your estate and family following your death.
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Sunday, December 12, 2021

Out of State Property and Funding a Trust

Much can be accomplished with a strong and comprehensive estate plan. Estate taxes can be avoided. Probate can be avoided. A person’s wishes can be memorialized and protected. Property can be protected from the heirs of creditors and be distributed according to the decedent’s wishes.
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