Kid Going Off to College in the Fall? Estate Planning Documents You Need
Your kids may get older, go off to college, and onto the real world, but they will always be your kids no matter what. Some of you may be spending the summer getting your son or daughter ready to move to college in the fall. It is an exciting time and you likely have...
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Why Don’t Most Americans Have an Estate Plan in Place?
A recent study released by Caring.com reveals that only about one-third of Americans have an estate plan in place. Based on surveys gathered by the senior living referral service, the study concluded that close to two-thirds of people in the U.S. have the vital legal protections that are established in a comprehensive estate plan....
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Taxes that Can Impact Estate Planning
One of the benefits of planning ahead is the ability to anticipate certain consequences and put tools in place to avoid them accordingly. Estate planning, for instance, often involves significant transfers of asset ownership, all of which can have profound tax consequences. Tax liability can take a big chunk of the value away from...
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Considerations When Choosing a Trustee
You may have heard of the many potential benefits of including a trust in your estate plan. Are you worried about probate? A trust can be a great way to avoid it! Are you worried about your beneficiary’s ability to manage an inheritance? A trust can pace and condition distributions to protect the inheritance...
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Exploring the Upsides and Downsides of a Living Trust
If you have never heard of a living trust, now is a great time to learn. A useful estate planning tool, a living trust is, aside from a Last Will and Testament, one of the most commonly used mechanisms for transferring assets to your family and loved ones upon your passing away. For...
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Estate Plans for Single Parents
Single parents may know better than most that planning is an essential part of life. Many single parents are, after all, the sole financial provider for their households. Furthermore, single parents are also the sole bearers of caregiving responsibilities or otherwise arranging for caregiving for their children. It is through planning that single parents...
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Post-Divorce Estate Plan Review
Divorce will change your life in ways few other things will. It can mark a fundamental shift in a person’s family structure. As such, it will come as no surprise that divorce can be a lot to handle and add to an already stretched to-do list. Well, there is one item that should be...
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What Should You Do With Your House If Moving to a Nursing Home?
Are you or a loved one planning on leaving your home to move to a nursing home? It is a big decision, but one that can be in everyone’s best interests. Nursing homes provide a heightened level of care and comfort that can be difficult for caregivers to provide in the home. After or...
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Will Versus Living Trust
When you think of a will and a trust, you may not even think to compare the two. A will is probably the most well-known estate planning tool and trusts remain unknown. After all, if you have a will in place to direct how you want your assets distributed after you die, why would...
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Leaving Your Home to Your Children
If there are certain assets you want to ensure pass to particular people after you die, estate planning is essential. For instance, most people want to leave their biggest asset, which is often their home, to their children. There are actually a number of ways you can do this and we will discuss some...
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