In the new year, people tend to feel the need to get their lives together or more in order. You may resolve to work out more regularly, eat better, or get your finances straight. Regardless of your other new year “to-dos” or resolutions, checking in on your estate plan should be on...
The new year is the ideal time to start fresh and decide on some positive changes you want to make in your life. You may want to eat healthier, pick up a new hobby, or kick a bad habit. Here’s another idea to add to your list of resolutions: establishing an estate...
Your estate plan is more than just a legal vehicle through which you transfer assets to your loved ones after your death. The method you choose to accomplish this overarching goal communicates to your heirs and beneficiaries your values. Ensuring any estate plan reflects your goals is important, but with a dynasty...
Having life insurance can help give you peace of mind in the event of your untimely passing, especially if you have young children. The proceeds from your life insurance can help support your children and protect their future.
If you’re trying to do right by your kids, you might...
Creating an estate plan isn’t usually a one-and-done event. Estate plans require occasional reviews with an estate planning attorney to ensure documents are accurate and continue to reflect your desires. The end of the year is the perfect time to go over your estate plan and make any necessary changes.
There are many things to think about when you lose a loved one, including what happens to their money. A person’s bank account may be subjected to any number of withdrawals, distributions, or changes in oversight depending on how they had their account set up and whether they chose a beneficiary or...
As the saying goes, Rome was not built in a day. Similarly, your wealth and assets likely did not appear overnight. It took years of hard work and smart investments for you to accumulate your property, and you understandably want yourself and your loved ones to enjoy the fruits of your labor.
A trust can be one of the most critical parts of an estate plan. There are several types of trusts to choose from. Each serves different purposes and helps you achieve your goals for the future.
Dynasty trusts are one common type. If you’re interested in determining whether...
The holiday season is a time for giving thanks and giving back, and this is reflected in the fact that the last two months of the year are when most charitable giving occurs.
As you age, it is natural to want to give more of your assets away...
Trusts can be particularly taxing and confusing to administer. Fortunately, you don’t have to take on this daunting responsibility alone. If you’ve recently been appointed as a trustee, an estate planning attorney can help guide you on your trust administration journey to ensure that you fulfill your duties successfully.
