Estate Planning

The tax implications of your estate plans should be a crucial consideration when planning for the future of your estate. Excessive taxes can reduce the value of your estate, leaving your heirs with significantly fewer assets to inherit. Fortunately, there are several...

A funeral trust is a financial arrangement allowing individuals to set aside funds for their own funeral expenses.  It is a type of trust specifically designed to pay for funeral-related costs, such as the funeral service, casket, burial, and other related expenses. ...

As you prepare your estate plan, you could face a conundrum. Perhaps you have one or more heirs who never learned how to successfully manage their finances. They may struggle with gambling or substance abuse issues, nor be married to spouses who control all the money...

Putting your estate plans together probably felt like a chore when you did it. Then, if you’re like the vast majority of other people, you likely chucked all the papers in a file and forgot about them. That’s a mistake. Estate plans are seldom static. They should be...

There is no denying that probate is a stressful process for survivors and estate executors. Unfortunately, it is typically necessary, especially in estates that lack wealth preservation components like trusts and payable-on-death accounts. Probate can be complex and...

When you’re putting your estate plans together, you have a lot of decisions that you need to make – not the least of which is who you want to name as your executor. Your executor is the person who is ultimately responsible for making sure that your wishes are...

Don’t assume that estate planning is something you’ll do when you are a grandparent or after you retire. Many people do put it off until then. But the truth is that you might need to create a plan much sooner than you expected. For example, one of the best times to...

Advance directives allow you to designate an individual to make healthcare decisions for you should an illness or accident leave you incapacitated. Two common directives are a healthcare power of attorney and a living will because they empower you to continue...

Have you ever made an estate plan? If not, then you should know that estate planning is the anticipatory process of arranging your assets and finances for distribution after your passing. In other words, you know one day you’re going to die and you want your family...

Do you know what estate planning is? Estate planning is the organization of your estate through a legal process that ensures your assets are distributed to your heirs, which can reduce disputes after you pass away. Estate planning is a lot to handle at first, which is...