Disinheriting a Child and Other Considerations of a Last Will and Testament
Are you considering disinheriting a child? Leaving your children out of your will is not a decision that is taken lightly. But sometimes there are considerations that make it the more prudent decision to leave them out of your will. If you decide to disinherit children, it is something you should do as soon as…
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…
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…
Revocable vs Irrevocable Trusts: What You Need to Know
As you move into the latter stages of life, you want to know where your resources will end up when you pass away. Setting up a trust is an extremely common way to do this, and it can help ensure that your life’s savings will end up in the right hands. Here are a couple…
It has Been Awhile: The Top Signs It Is Time to Update Your Estate Plan
Is it time to update your estate plan? Are you thinking about updating your will? Have you had some big lifestyle changes that may affect your future finances? Have you always had a will but not kept up on updating it as your life has changed? If you have answered yes to one or all…
Five Signs it is Time to Update Your Estate Plan
Is it time to update your estate plan? It is estimated that 58 percent of the baby boomer generation (those between the ages of 53 and 71) have an estate plan in place. However, once created, many people do not realize that updates may be needed from time to time. As a person ages and…
Three Reasons Why Millennials Need an Estate Plan
Do you know why millennials need an estate plan? If you are younger than 45 or 50, you may not think you need to worry about estate planning. That is something you do when you start thinking about retirement, right? Those of us who are young and healthy have our whole lives ahead of us…
Top Three Advantages of a Living Trust
We cannot avoid death, but we CAN plan for it. That said, only 60% of Americans have made a will or living trust to help those they leave behind. When it is time to complete your estate planning, give strong consideration to creating a living trust. A living trust provides for distribution of your assets according to your…
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….
5 Essential Estate Planning Forms You Need to Know About
Death. It is inevitable. No one likes considering their mortality but, the smartest among us prepare for it. Preparation helps the suffering of those you are leaving behind. Filing the proper estate planning forms, consolidating assets into a trust, and making sure your affairs are in order is the greatest gift you can give your…