How Does a Charitable Trust Help with Estate Planning?
January 25, 2022
In general, the best reason to establish a charitable trust, is if you would like to create a long-standing form of charitable giving.
What Taxes Have to Be Paid When Someone Dies?
December 31, 2021
Tax obligations continue on despite the passing of a loved one, and in some cases, come about because of it. Tax deadlines pose a challenge for grieving families.
When Should a Trust Be Reviewed?
December 23, 2021
Many people are under the impression that since they have a trust, they don’t need to do anything else. That’s not true. The trust you created years ago may not be appropriate for you now.
How Does Cryptocurrency Work in an Estate Plan?
November 11, 2021
Crypto assets can be lost forever without proper storage and estate planning. When it comes to cryptocurrency, safe and secure transfer is paramount, meaning basic estate planning documents, like a will, often won’t be enough.
Talk to Parents about Estate Planning without Making It Awkward
November 9, 2021
Discussing estate planning with your parents is a conversation that can be difficult to have. You might not want to think about the day they are no longer here, or even consider that they might experience a decline in health that severely limits their ability to think clearly or communicate with you.
When Should You Update Your Estate Plan?
October 27, 2021
If your life changes, so should your estate plan. Marriage, divorce, death of a spouse, a birth and a changing relationship with a child are just some of the life changes that may affect your estate plan.
Where Do You Score on Estate Planning Checklist?
October 13, 2021
Every so often, it’s smart to methodically go through your estate planning documents and see if any tweaks are needed. Here’s a checklist to guide you through that mission.
What’s a Pot Trust?
September 28, 2021
A pot trust is a type of trust that lists children as beneficiaries, with the trustee using his or her discretion as to how trust assets should be spent. If you have minor children, you might consider setting up a pot trust to meet their financial needs, if something should happen to you. This type of trust allows you to create a single pool of assets to be used for the benefit of multiple children.
What Should a Power of Attorney Include?
August 26, 2021
Many people have signed at least one power of attorney in their life. A power of attorney, which names a trusted family member, friend or advisor as your ‘attorney-in-fact’ to control your assets, is meant to be used if you are incapacitated.
Do You Need a Revocable Trust or Irrevocable Trust?
August 11, 2021
Trust funds are not just for the ultra-rich. These sophisticated estate-planning tools can make just as much sense for middle-class Americans who own a home and have a net worth of at least $100,000.