What Is a Legacy Trust?
Estate planning often starts with deciding who will receive your property, but the right tools can also protect assets and support your family far into the future. A legacy trust allows you to transfer assets into a separate, irrevocable structure that preserves wealth for future generations, shields certain property from creditors, and...
Estate Planning When You Have Young Children
What Should You Include in Your Will?
Ensuring the Most Vulnerable Have an Estate Plan
The coronavirus pandemic has sent a message to all of us that our futures are uncertain. Most at-risk for serious illness or death from the virus remains the elderly. People aged 65 or older...
As the Coronavirus Pandemic Worsens, Now is the Time to Make an Estate Plan
The novel coronavirus continues to spread across the globe, bringing about illness, death, and economic turmoil in its wake. Currently, the death toll in the United States has exceeded 40,000, while more than 2.4 million people globally have been...
3 Steps to a Successful Estate Plan
None of us know what the future holds. Creating an estate plan is about preparing for the unknown. A good estate plan will protect your loved ones, your assets, and yourself in the event of a serious injury, incapacity, or death. Your estate plan is about...
Unique Estate Planning Issues for LGBTQ Couples
New Law Will Impact IRAs and Estate Planning
The Setting Every Community Up for Retirement Act or SECURE Act of 2019 will bring about significant changes to retirement and estate planning in the year 2020. President Trump signed the SECURE Act into law in December. Professionals in the retirement planning...
Is Joint Ownership Enough?
Often, people will purchase real estate or open a bank account with their spouse, child, or other loved one as a co-owner. This joint ownership is set up so that if one owner dies, the other will automatically inherit the property. ...
Avoiding the Drama of “Succession” with a Business Succession Plan
The popular HBO series “Succession” explores dramatically a common issue—heirs fighting for control of the family empire. The series centers on the Roy family, who control a media and hospitality empire. As the family’s patriarch ages and suffers health problems, his four children each vie for control of the company. While audiences...