How Does an Estate Plan Address Young Beneficiaries?
Minor children and young adult beneficiaries in particular need more specialized provisions to protect both the assets and the beneficiaries.
March 6, 2024
Divorce Impacts your Estate Plan
Divorce significantly affects your estate plan. Therefore, it’s crucial to take timely action to revise it. If you’re going through a divorce or have recently finalized one, it may be time to review and update your estate plan.
February 26, 2024
Pitfalls of Adding a Child to Your Home’s Deed
While adding a child to your home’s deed might seem straightforward to manage your estate, it’s fraught with potential problems and complications. This article reviews the implications and alternatives to adding a child to your home’s deed, with the goal of ensuring your estate plan is effective, efficient, and aligned with your long-term intentions.
February 20, 2024
Integrating Retirement Accounts into your Estate Plan
Integrating retirement accounts into your estate plan is vital for preserving your financial legacy. This blog post covers key considerations, such as tax implications, beneficiary designations, and strategies for maximizing benefits. By understanding the role of retirement accounts in estate planning and seeking professional guidance, you can ensure that your assets are distributed according to your wishes and provide lasting benefits for your beneficiaries.
February 13, 2024
When and How to get Letters of Testamentary
A letter of testamentary is created by the probate court for the executor or personal administrator of an estate.
February 12, 2024
A Subtrust is a Multi-Tool that serves various Purposes
A subtrust is a separate entity created under the umbrella of a primary trust or a will. A subtrust becomes active based on the terms of the trust or will when certain events happen, such as the death of the primary grantor, or creator. Subtrusts are one tool that estate planning attorneys use to help families pass on inheritances and protect their heirs from creditors or issues such as lawsuits or divorce. Subtrusts serve various purposes depending on…
January 29, 2024
Adjustment in Cost Basis is a Crucial Tax Consideration
The adjustment in basis is a crucial tax consideration–what can it mean for you?
January 24, 2024
Estate Planning for Unmarried Senior Couples
Creating an estate plan for an unmarried couple is already challenging. However, when the cohabitating couple is in their golden years, it’s especially tricky.
January 10, 2024
Trusts Work for Multi-State Property Owners
Whatever the case may be, owning real property in more than one state can be a problem after your death if you don’t want your estate tied up in probate court.
January 9, 2024
Estate Planning is increasingly Popular with Millennials
Millennials and Gen Zers are taking their estate planning seriously. These tips can help make the process seem less daunting.
January 3, 2024