How Does Setting up a Trust Benefit You?
We often hear this question. If you need a trust, read on to find out what kind suits your situation and whether you need one. For example, maybe you have a disabled child and you want a trust to permit…
What Is the Difference Between a Will and a Trust?
There are a number of benefits to using both a will and a trust for estate planning. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information…
The Pitfalls of Beneficiary Designations
The idea of leaving your property to your heirs might seem straightforward. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for…
Tips on Preparing an Estate Plan For a Blended Family
Inheritance distributions in blended families can be inequitable resulting in hurt feelings and possibly lengthy court battles. While you cannot legislate from the grave, you can carefully prepare your estate plan, distinctly accounting for biological and stepchildren to minimize the…
Your Estate Plan Must Include These 5 Items
The need for estate planning becomes more and more critical as we get older. Many people avoid estate planning because they do not want to think about the end of life, failing health, or disability. Others believe that an estate…
Family Values and Inheritance
It can be a challenge to start legally formalizing family values and assets if you start too late. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is during childhood, then continuing…
The Differences Between Wills and Trusts
At its most basic level, a will allows you to appoint an executor for your estate, name guardians for your children and pets, designate where your assets go, and specify final wishes and arrangements. A will is only enacted upon…
How The Secure Act May Effect You In 2020
The Secure Act may have a major affect on your estate plan in 2020. Congress has passed a bipartisan appropriations bill. In the contents of this spending bill is a piece of legislation known as the Setting Every Community Up…