When you mistake estate planning myths for fact, there’s a greater chance that you’ll make a mistake that affects you and/or your family now or upon your death. Since you don’t want to put the well-being of your loved ones at risk, it’s critical to become familiar with the many myths that have the potential to complicate your situation. While there are a countless number of estate planning myths that can bog you down, it’s these three that often require a large portion of … [Read more...] about Estate Planning Myths: Don’t Let These Complicate Your Situation
There are many estate planning tools that you should consider, with a living trust at the top of the list. It’s not the right choice for everyone at every stage of their life, but you may soon come to find that it suits your many requirements. A living trust is designed to hold your assets while you’re living, while transferring them to your designated beneficiaries upon your death. There are a variety of benefits of a living trust, with these three among the most appealing: No … [Read more...] about These Benefits of a Living Trust May be Just What You’re Looking for
Once you create an estate plan, you’ll wonder what took you so long in the first place. Not only does it give you and your family peace of mind, but it also provides you a greater sense of organization. But before you get too excited, here’s something to remember: your estate plan is likely to require some changes as you age. Your circumstances can and will change as the years go by. When this happens, you don’t want to wait to review your estate plan. You’re likely to find that a few … [Read more...] about Is it Time to Review Your Estate Plan?
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. While healthcare systems have fought the virus, economies have been hurt by the social distancing required to combat the virus. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. Read on to learn more … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Social distancing and self-quarantine can help slow the spread. The virus is a particular threat to residents of nursing homes. Read on to learn more about the threat and how you can keep your loved ones safe. Read on to learn more … [Read more...] about Coronavirus and Nursing Homes
Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...] about Joint Tenancy Pros and Cons
Most of us have an idea whom we’d choose to receive our assets at our death. But often we don’t contemplate what should happen if the people whom we’ve selected die before us. Read on to learn more about contingent beneficiaries. Whom Do You Want to Get Your Assets? … [Read more...] about Whom Do You Want to Get Your Assets?
The Sandwich Generation is torn between caretaking responsibilities for their minor children and their elderly parents. But first, they need to make sure they take care of themselves. Read on to learn more. Planning for the Sandwich Generation … [Read more...] about Planning for the Sandwich Generation
Maybe you’re in the process of estate planning for the first time. Maybe you have an estate plan in place but are hoping to make some changes in the near future. Or maybe you don’t know the first thing about estate planning, so you need a push in the right direction. Even if you’re lost and unsure of what comes next, there’s an answer to your problem: an estate planning attorney. When you consult with an attorney, you have the opportunity to bounce ideas off of them, ask questions, and … [Read more...] about Questions to Ask Your Estate Planning Attorney
Depending on your age and your parent’s estate planning circumstances, there may come a point when you realize the need to have this very important conversation. It’s not easy to bring to light, but that doesn’t mean you should run and hide. If you realize that now’s the time to discuss estate planning with your parents, you shouldn’t hesitate to dive right in. With the right approach and the proper amount of compassion, you should be able to step in and provide assistance where … [Read more...] about How to Talk to Your Parents About Estate Planning