Joint Tenancy Pitfalls: The ‘Simple’ Fix that Can Cause Big Problems

Fri 3 Aug, by on Estate Planning

Joint Tenancy Pitfalls: The ‘Simple’ Fix that Can Cause Big Problems

There are many ways to own your assets. When you die, it is only natural that you want your family to share in the bounty of your hard work. As a way to simplify the transfer process and avoid probate, you may be tempted to add a child or other relative to the deed or bank account utilizing the ownership type of joint tenancy with right of survivorship (JTwROS).  However, while this type of ownership …

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The Biggest Threats to Successful Estate Planning

Wed 11 Jul, by on Estate Planning

The Biggest Threats to Successful Estate Planning

Poor estate planning is a recipe for disaster. While having your estate planning documents prepared is the first hurdle to overcoming these types of disasters, there are several threats that lurk around the corner that might derail your wishes. Family Conflict According to a TF Wealth survey of over 100 estate planning professionals, family conflict is the number one risk to a peaceful inheritance. If children are treated differently under the estate plan, there is …

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Estate Planning That Expresses Who You Are

Fri 29 Jun, by on Estate Planning

Estate Planning That Expresses Who You Are

You intend to pass along your wealth through your estate plan, but what about your wisdom? Ensuring you accomplish both calls for a family meeting to have a conversation about your money, your legacy, and your core principles. Most families lead far-flung and busy lives, meaning the only time they see one another face-to-face is around the dinner table during a handful of major holidays. The estate planning process is a perfect opportunity to bring …

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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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