The Value of Having a “Plan” in Estate Planning
All too often, estate planning is viewed as a transaction: a will, a living trust, powers of attorney, etc. But the best planning happens when the professional can get to ...
Your Wishes in Your Words
During the estate planning process, your attorney will draft a number of legal documents such as a will, trust and power of attorney which will help you accomplish your goals. ...
Refusing a Bequest
Most people develop an estate plan as a way to transfer wealth, property and their legacies on to loved ones upon their passing. This transfer, however, isn’t always as seamless ...
Paying for Your Grandchildren’s Education
The bond between a grandparent and grandchild is a very special one based on respect, trust and unconditional love. When preparing one’s estate plan, it’s not at all uncommon to ...
Estate Planning: How Certificates of Shares Are Passed Down
How is the funding of company stock handled if you decide to use a living trust? Certificates represent shares of a company. There are generally two types of company shares: ...
Providing For Your Parents in Your Estate Plan
If you are part of the baby boomer generation (born between 1946 and 1964), you may also find that you are a member of the sandwich generation, with responsibilities to ...
What Does the Term “Funding the Trust” Mean in Estate Planning?
If you are about to begin the estate planning process, you have likely heard the term “funding the trust” thrown around a great deal. What does this mean? And what ...
Common Estate Planning Mistakes Regarding IRAs
For many people, retirement savings accounts are among the largest assets they have to bequeath to their children and grandchildren in their estate plans. Sadly, without professional and personally tailored ...
Limited Liability Company (LLC): An Overview
The limited liability company (LLC) is a hybrid type of business structure, offering business owners the best of both worlds: the simplicity of a sole proprietorship or partnership, with the ...
Incorporating Faith and Values in Estate Planning
For many, passing along religious beliefs or values to the next generation is just as important as passing along financial wealth and tangible assets. Estate planning creates many opportunities to ...