The Importance of Power of Attorney During Estate Planning
What is the importance of power of attorney? Your estate planning has many different parts that all need to move in the same direction in order to be successful. A vital part of this process is how to disseminate the various powers of attorney (POA). The POA will be one of the most important estate…
What Is Estate Planning? Here Is a Brief but Informative Explanation
Do you think that estate planning is only necessary for the ultra-wealthy? Do you question if you even have an estate? While most of us do not like thinking about the worst-case scenario, having a plan can provide invaluable peace of mind for both you and your loved ones. If you are asking yourself, what is estate…
Five Common Questions About Estate Planning
Here are five of the most common estate planning questions. While estate planning is not the most exciting thing to think about, it is necessary to make sure your children and family members are taken care of and your assets get distributed according to your wishes. Do not get overwhelmed by the estate planning process….
The Single Mom’s Guide to Estate Planning
Today, 1 in 4 children under the age of 18 are being raised without a father. As a single mother, you carry the tremendous responsibility for making sure your children are healthy, happy, and well-protected. From diapers to college applications, you are there for your kids for the rest of their lives. Estate planning helps provide the…
The Importance of Insurance In Estate Planning
About 84% of Americans believe that it is important to have life insurance. But only 41% have any. That’s quite a disparity! Where do you fall in this equation? Do you have the life insurance that you need? We’re assuming here that you have already taken a big first step and are working on your estate planning….
How Planning for Being Incapacitated Will Strengthen Your Whole Family & Estate Plan
When you think about it, planning your estate is not about dying. It’s about managing and protecting your assets, and who gets to control them, while you are living. If you become incapacitated, having an incapacity plan in with your overall estate plan ensures that your best interests are clear. It also ensures your family is…
Estate Planning: A Key Baby Boomer Family Value!
If you were born between 1946 and 1955, you are considered to be a “Baby Boomer.” If you are a Baby Boomer do not already have an estate plan established, you need one for your own sake and for your family’s. So, what is an estate plan and why is it important? In this article,…
Ready to Write Your Will? DIY Estate Planning
A last will and testament is the most commonly thought of document when it comes to an estate plan. But, really; it’s a very small part of an integrated plan that ensures your family stays out of Court and out of conflict when something happens to you. Don’t think you can just write your own…
Maximizing Tax Umbrellas for Estates
How can you maximize tax umbrellas? Estate tax can rip as much as 40% of your family’s assets from them, depending on the value of your estate and its location in the country. Right now is the time to protect your estate from federal and state taxes. If you take the time to create a well…
Will v. Estate Plan: What Is the Difference?
Do you know the difference between a will and an estate plan? Did you know that more than 50% of Americans do not have an estate plan or will in place? Many people wonder if they need estate planning if they are young or do not own much. Read on as we answer that question and look at…