Around the Web: Estate Planning for Pets: How to Protect Your Furry Friends
They’re man’s best friend, so it’s only fitting that we make sure our pets are taken care of in the event of our passing. This article helps clarify the important steps in creating a Pet Trust for your furry friends. While it may be difficult to think about, there are a few common considerations to […]
Around the Web: Know the difference between Living Trusts and Family Trusts
Putting your assets in a trust is the best way to protect them, but with so many different types of trusts it can be difficult to determine which is best for your situation. Trusts shield your assets from probate court and can reduce estate and gift taxes. They also allow you to apply conditions to […]
A Guide to Guardianship for Adults With Disabilities
A child with disabilities deserves just as many privileges as any other child. However, not every individual can become independent as they age into adulthood. They may have mental or physical disabilities that need ongoing support. Guardianship for adults with disabilities is an option you should consider when your child turns 18. Not only does it […]
Around the Web: Keep an eye on these estate plan legislation proposals
If passed into law, your estate plan strategies could very well be affected by any of the three legislative proposals recently introduced. These proposals, introduced by the House Democrats, would significantly affect some of the more commonly used wealth transfer strategies. This article focuses on the three proposals to watch and how they can alter […]
A Complete Guide to Long-Term Care Planning and Living Trusts
The U.S. population is aging at a rapid rate. Within the next decade, around 20 percent of the U.S. population will be over 65. This is one of the first times that older Americans made up such a large portion of the population. As we get older, it’s more important than ever to start long-term care planning. […]
Around the Web: Being an Executor can be an Arduous Task
When a loved one passes away, you may be left wondering where to even begin with settling their estate. The thought alone can be overwhelming. This Kiplinger article offers a great starting point for executors of estates. The first stage of the process includes finding the last will and testament, canceling the deceased’s credit cards, […]
Around the Web: Is your Estate Plan up to date?
When was the last time you went through your estate plan and made any necessary changes? Likely, it has been a while, laws have changed, and some elements need revisiting and adjusting. This Kiplinger article provides a checklist to guide you through the process of reevaluating your estate plan. There are just a few key […]
Around the Web: Preparing for Estate Tax Changes
Estate planning can be overwhelming for anyone, but for high net-worth folks it is important to regularly update your estate plans to ensure your strategy is still appropriate. Since we are in a new presidential administration, it’s wise to review your existing plan soon due to proposed new law changes. This article by the South […]
Around the Web: Consider the Importance of Prenuptial Estate Planning
Many folks may not consider the importance of prenuptial estate planning, but it can be detrimental to your future partner if something happens to you before you’re married. This Watertown Public Opinion article offers some insight on why it is important to consider drafting up a will before and after you are married. In the […]
What Is a Personal Injury Lawsuit?
There are over 37.9 million visits to the emergency room for injuries. Personal injury can be debilitating and frustrating. You may have mounting medical bills and be unable to work. If someone’s negligence caused your injuries, you will very likely have a personal injury lawsuit case. If you have decided to seek the help of a personal […]