Estate Planning Guide: Getting Your Affairs in Order
67% of people don’t have estate plans. Trust us, you don’t want to be one of these people. When a person has no estate plan, the government will decide what happens to their money and belongings. What the government decides may or may not follow your wishes. And it could leave your family members without what […]
Your Questions About Supplemental Needs Trusts: Answered
Supplemental needs trusts are estate planning tools trustees use to pass down assets to children and relatives with special needs. They fall under the overarching category of special needs trusts (SNTs). The benefit of a supplemental needs trust is that the inheritance of the person with special needs will not impact their disability benefits. Most public disability benefits programs place […]
When’s The Right Time To Start Estate Planning
A recent survey showed that only 33% of US adults have an estate plan in place. Many people put this off believing that they are too young to have one or don’t have enough assets. The reality is that estate planning is something that everyone needs to consider. Even those who are in their 20s need to […]
Around the Web: Communicate your Estate Plan
For an estate plan to be successful, communication is key. Ultimately, failure to communicate and build trust within your family is a huge risk factor to the success of your wealth transfer. According to this J.P. Morgan article, many estate planning attorneys list “communicating the plan” as the final step in the process. The article […]
What Are the Benefits of a Durable Power of Attorney?
Did you know there are several types of power of attorney? Well, if that’s news to you, it may be surprising to learn that one of the most common types of POA is a durable power of attorney. But what does that mean exactly? A durable power of attorney is a legal document that gives […]
When to Have a Lawyer Look Over Your Business Contract
If you’re like most small business owners, you probably don’t have a lot of experience negotiating contracts. And that’s okay, most people don’t. Actually, the majority of people shy away from business contracts because they seem too complex. Therefore, it’s important to be careful when signing any agreement, no matter how minor it may seem. […]
Around the Web: Flexibility is key when it comes to your estate guidelines
Conditions and stipulations can be a great way to ensure your estate is properly handled after your passing. However, if you are too controlling or there are too strict stipulations, this could actually hinder your plans. So how do you find a good balance between conditions and controlling? This Kiplinger article helps navigate this […]
How Estate Planning Services Constructs a Lasting Family Legacy
It’s never a pleasant conversation. It’s often filled with dread as the finality of death looms. Children in particular despise having this conversation with their parents, but it’s one that must be had. Think of estate planning this way. You get to leave a lasting legacy for your children and for generations to come. Estate […]
How Much Does a Probate Lawyer Cost?
Have you just lost a loved one, and you’re not sure what to do next? Filing for probate can be confusing and overwhelming. There are many steps involved, and it’s easy to make a mistake that can cost you time and money. Hiring a probate lawyer is the best way to ensure that your case […]
Around the Web: Estate Planning Essentials for 20- and 30-Somethings
It’s never too early to start thinking about your estate plan. When you’re in your 30s or even in your 20s, it can be wise to start planning for your future. After all, life is unpredictable and anything can happen at any time. It’s better to be prepared. This article explains several estate planning essentials […]