AROUND THE WEB: Warren Buffett Details his Approach to Estate Planning
As one of the most wealthy people on earth, Warren Buffett must know a thing or two about financial planning. This article focuses on Buffett’s estate planning strategies and how they may benefit others. When he dies, Buffett intends for his remaining billions to go into a charitable trust to be dispersed by his three […]
How to Find a Trustee: 6 Factors for Choosing the Right One
In 2022, over half of Americans had no kind of estate plan set up. That includes a will, a living trust, or a living will. Many of them could benefit from stating their wishes for their assets after they pass. One of the key components of an estate plan is to find the best trustee. This trustee is […]
7 Questions to Ask a Special Needs Trust Attorney
Data from the Centers for Disease Control and Prevention indicates that over a quarter of American adults have some form of disability. Creating a special needs trust is a crucial step in ensuring the long-term well-being and financial security of a loved one with disabilities. However, navigating this complex area requires expertise, and consulting with a special needs trust […]
Around the Web: When Should You Start Planning Your Estate?
It’s not exactly comforting to think about your eventual death. However, planning ahead for your assets and finances is an important part of protecting your legacy and ensuring your loved ones are taken care of. So, when exactly is the right time to start thinking about an estate plan? Most advisors would suggest you begin […]
AROUND THE WEB: Majority of Millennials do not have Estate Plan
With so many economic uncertainties facing today’s generations, it should be no surprise that most millennials are not prioritizing their need to create a will or trust. According to this article, Trust & Will’s fourth annual study on millennial estate planning reveals the struggle of balancing immediate financial needs with long term planning. A reported […]
7 Essential Questions to Ask Your Lawyer for Wills and Trusts
67% of Americans do not have a will or living trust. Life gets in the way, and many of them simply never had the time to get around to it. Estate planning can feel like a grim discussion, but it can also be a final message of love and a heartfelt goodbye. The decisions you make […]
What Every Client Should Know Before Meeting with an Estate Planning Law Firm
According to a 2023 survey, 58% of Americans have experienced disputes personally or know of conflicts others have had over a lack of estate planning. Some have found that rather than being distributed according to their late loved one’s wishes, their assets fall under the control of the courts. However, these stressful situations can be avoided with […]
Around the Web: Now is the time to act before changes affect federal estate and gift tax!
Federal estate and gift tax exemption was increased in 2017 from $5.49 million per person to $11.18 million. This was a huge increase in what taxpayers were allowed to transfer without triggering taxes. With adjustments for inflation, the exemption is at $13.61 million for individuals and $27 million for couples. However these changes will expire […]
Estate Planning: 9 Benefits of Planning for Your Children
As you sit in your favorite armchair, sipping a cup of coffee and flipping through old photo albums, your mind drifts to the future. What legacy will you leave for your children? Estate planning may not be the most fun topic, but its significance cannot be overstated. Let’s go through the benefits of planning for your […]
Around the Web: Estate Planning is Essential in Agriculture Industry
Farmers face many challenges on a daily basis, however the greatest of them all may just be ensuring the preservation of their land. By having a proper estate plan in place, you can help prevent your cherished farmland from being lost. This article highlights a few misconceptions about estate planning that may negatively impact your […]