Unmarried Couples Should Have an Estate Plan
The couple needs to create an appropriate estate plan. If they truly want inheritance rights, they need to execute testamentary documents, such as wills.
March 12, 2021
Extend IRA distributions with a Charitable Remainder Trust
Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.
March 1, 2021
Distinguish between Per Stirpes vs. Per Capita
Here’s a closer look at what per stirpes vs. per capita means.
February 22, 2021
What to Do First when Your Spouse Dies
After a loved one dies, their affairs need to be set in order. You might find yourself planning a funeral, paying bills and closing accounts. The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.
February 3, 2021
Some Fundamental Responsibilities of an Executor
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.
February 2, 2021
Creating a Letter of Last Instruction
A letter of last instruction is a document that outlines funeral planning processes and arrangements. A letter of last instruction should not be confused with a will or testament, which is a legal document that expresses an individual’s wishes on how and to whom their estate should be transferred after their death.
January 26, 2021
Change the Executor of Your Estate
Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an executor for your estate.
January 25, 2021
How to Organize Digital Assets
You must now make sure that your loved ones have access to your digital assets should you die.
December 28, 2020
Ethical Will Should Be Part of Your Planning
My colleague’s father recently got infected with the coronavirus and had to be rushed to the hospital. The move was abrupt and hectic, and left no time for any deep conversation with his wife and family as he was being taken out to the ambulance.
December 22, 2020
Probate Is Required For A Surviving Spouse
A common misconception is that you do not have to probate a will when your spouse dies.
December 15, 2020