Kids Going Away To College? Why You Should Include Estate Planning in the Preparation

Tue 19 Jun, by on Estate Planning

Kids Going Away To College? Why You Should Include Estate Planning in the Preparation

In the next few weeks, you may start the somewhat long process of getting your new college student ready for school in the fall. It’s exhilarating, and your heart likely is bursting at the seams. You’re probably prouder than you can say, but you’re a little afraid, too. How can you make sure your kid is going to be safe at school, so far away from home? A new Bed Bath and Beyond matching sheet set for …

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5 Reasons to Protect Your Retirement Accounts Now

Thu 31 May, by on Estate Planning

5 Reasons to Protect Your Retirement Accounts Now

During your lifetime, your retirement account has asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your life long, hard earned savings could be gone. Fortunately, there is an answer.  A special trust called a “Standalone Retirement Trust” (SRT) can protect inherited assets from your beneficiaries’ creditors.  We’ll show you what we mean. When your spouse, child, or other loved one …

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Which life events require an immediate estate plan update?

Thu 17 May, by on Estate Planning

Which life events require an immediate estate plan update?

Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation skipping transfer and probate court costs. However, your plan must also name someone who will make medical and financial decisions for you if you cannot make decisions for yourself.  You …

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Do It Now: Name a Guardian for Your Minor Child(ren)

Wed 11 Apr, by on Estate Planning, Firm News, Personal Injury, Probate

We know it’s hard. Thinking about someone else raising your children stops us all in our tracks. It feels crushing and too horrific to consider. But you must. If you don’t, a stranger will determine who raises your children if something happens to you – your child’s guardian could be a relative you despise or even a stranger you’ve never met. No one will ever be you or parent exactly like you, but there is …

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Do I Really Need a Trust?

Mon 2 Apr, by on Estate Planning

Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary designations, to name a few), only a trust provides comprehensive management of your property in the event you can’t make financial decisions for yourself (commonly called legal incapacity) or after your …

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