Myth #1: No Need for an Estate Plan Perhaps the biggest misconception is the idea that estate planning is only for the wealthy. It may even be the word “estate” in the term “estate plan” that leads people to believe that tremendous wealth is required to create an estate plan. As we know, this is […]
Four Myths about Estate Planning Read more »
Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.
Thirteen Estate Planning Terms You Need to Know Read more »
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property.
How to Own Your Real Estate Read more »
Many Americans spend a lot of time and effort in managing their finances. While most are worried about how the coronavirus (COVID-19) will impact their income—whether that’s because they are temporarily furloughed, find themselves suddenly without a job, or watching their investment and retirement accounts dwindle—there is another way COVID-19 can wreak havoc on American’s
Don’t Risk it: Protect Your Finances From Coronavirus Complications Read more »
There’s an entire category of commonly-overlooked legacy to consider – digital assets. Don’t worry if you didn’t consider these assets when made your will or trust – it’s surprisingly common and, luckily, easy to correct. What are digital assets? They include: your photos (yes, all those selfies are a digital asset), files stored in the
Your Cyber Legacy: 3 Tips for Your Digital Assets Read more »
Earlier in 2017, NBA team owner Gail Miller made headlines when she announced that she was effectively no longer the owner of the Utah Jazz or the Vivint Smart Home Arena. These assets, she said, were being placed into a family trust, therefore raising interest in an estate planning tool previously known only to the
Does a Dynasty Trust Make Sense for Your Family? Read more »
Having an estate plan that protects and provides for your loved ones is not only smart, it’s necessary. Without one, your family, friends, or the charitable organizations you wish to provide for may not receive your gifts. It’s also important to remember to update your estate planning documents whenever something changes which would affect your
Celebrities Who Failed To Recognize Unborn Children in Their Wills: A Teachable Lesson Read more »
Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary designations, to name a few), only a trust provides comprehensive management
Do you really need a trust? Read more »
You May Not Think You Need a Will, But You Really Do. Most Americans do not have a simple will as part of their estate plan. You might believe that a will is only for the rich and famous, and not the average person who has a far smaller net worth. On the other hand,
Do you really need a will? Read more »
Most financially savvy individuals begin planning their estate when they’re in peak mental shape. The idea that this might change at some point in the distant future is an unpleasant one, and they would rather go about their estate planning as if they’ll be as sharp as a tack late into their golden years. Unfortunately,
Better to Play it Safe: Proactive Estate Planning and Cognitive Impairment Read more »