Is Putting a Home in Trust a Good Estate Planning Move?
May 27, 2022
Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.
Half of Americans Making More than $100K Don’t Have a Will
May 16, 2022
Among those who do not have an estate plan, 63% said that they have considered creating one in the past and 46% said they do not know how to start.
What Assets are Not Considered Part of an Estate?
May 13, 2022
In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so called non-probate assets.
Why Is Communication Important in Estate Planning?
May 11, 2022
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.
Should an Estate Plan Include a Cabin on the Lake?
May 3, 2022
Do you have a second home, summer property, or another vacation residence that your family enjoys? Have you thought about what happens to this property when you die?
Can a Vacation Home Be Kept in the Family for Generations?
April 19, 2022
These vacation homes may also comprise a significant portion of the family’s wealth. Therefore, it’s understandable that homeowners want to pass their properties and family traditions to future generations.
Is Estate Planning Affected by Property in Two States?
April 13, 2022
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
Why Shouldn’t I Wait to Draft my Will?
April 4, 2022
It’s an important task that is easy to procrastinate. However, here is why you shouldn’t:
Is It Important for Physicians to Have an Estate Plan?
March 28, 2022
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.
Can I Split My Inheritance with My Sibling?
March 22, 2022
In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.