Do You Update Your Estate Plan as Often as Your Resume? A resume is a snapshot of your experience, skill set, and education that provides prospective employers insight into who you are and how you will perform. Imagine not updating your resume for five, ten, or even fifteen years. Would it accurately reflect your professional […]
Once you’ve bought an annuity or a life insurance policy and named your beneficiaries, you may never think about those beneficiary designations again. However, that could be a big mistake.
No matter what your age or financial condition your Financial Plan may not be complete with thinking through what happens at the end of your life. You may think you don’t need an Estate Plan yet because you have not acquired any assets of consequence. But an Estate Plan or End-of-Life Plan is not just […]
Don’t Have a Lot of Money? Here Are Seven Ways You Can Still Leave Your Family a Great Legacy Although the word “inheritance” usually conjures up images of property or accounts with significant monetary value, you can leave your family an even longer-lasting inheritance by doing these seven things, whether or not your bank account […]
Updating Your Estate Plan: How Many Tweaks Are Too Many? If your life or the law has changed since you signed your last will and testament (will) or trust agreement, you need to update your document. You can make updates to a revocable living trust by way of an amendment or a complete restatement of […]
While a Last Will can help ensure that one’s wishes regarding the distribution of their estate upon death are followed, it is the living trust that allows the estate to avoid probate.
No matter what your age or financial condition your Financial Plan may not be complete with thinking through what happens at the end of your life. You may think you don’t need an Estate Plan yet because you have not acquired any assets of consequence. But an Estate Plan or End-of-Life Plan is not just […]
While a Last Will can help ensure that one’s wishes regarding the distribution of their estate upon death are followed, it is the living trust that allows the estate to avoid probate.
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
Common Trusts: Parenting beyond the Grave Parents strive to make their children feel equally valued as reflected in the fact that, when setting up an estate plan, parents typically divide their accounts and property equally among their children. But while parents strive to treat their children the same, they simultaneously acknowledge that children have […]
