Do-It-Yourself Estate Planning: Think Twice
There is a question we hear all the time: “Can’t I just get a will off the internet, do a transfer-on-death deed for my land, and put my kids on my bank account?” It’s just not a good idea. For…
The 5 Things Every Estate Plan Must Contain
Having an estate plan is an essential part of life for all ages, but the need grows stronger as you age. Many people avoid estate planning because they do not want to think about the end of life, failing health,…
A Comprehensive Estate Plan Can Give You a Peace of Mind in These Uncertain Times
The future is a big unknown for everyone. Significant uncertainty abounds as to the outcomes of US tax legislation proposals. Estate and gift tax exemptions may get cut in half or not, and whatever happens will likely affect all deaths…
Reassessment of an Estate Plan Is Necessary Following the Death of a Spouse
The passing of a spouse is not only a very emotional challenge but can be financially difficult as well. It is common for one spouse to handle family tax and estate plans, and a widow(er) may be looking at a…
Add a Personal Property Memorandum to Your Will or Trust
When a family member has passed, the family occasionally ends up arguing over personal property. Arguments can take place over things like a coffee mug, a piece of jewelry, or a painting. These types of arguments can be eliminated by…
It Is Crucial for Parents With A Special Needs Child to Prepare an Estate Plan
Medical and health care developments have made it feasible for dependents with special needs to live higher-quality lives than ever before. Many scientists regard the term special needs as a euphemism for disability. Yet, the difference between the two terms…
The Many Benefits of a Trust
Trusts are not exclusive to the wealthy, anyone can benefit from setting up a trust. Do you want to keep your affairs private and stay out of probate court? Maybe you have stepchildren? Do you want to leave money to…
Why Estate Planning Is Important to Younger Adults
Most young adults don’t consider estate planning a priority. Young adults in their twenties and thirties often think they don't own enough to constitute an estate. However, an estate is the total of all you own – money, investments, real…
Estate Planning for the LGBTQIA+ Community
To protect our loved ones and our assets, estate planning is important to any individual regardless of orientation. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your relationship and your…
Who Inherits the Farm?
Imagine a pair of aging parents that have been farmers and own their farm. Now, though, they’re getting on in years and they’re considering moving into a smaller place. One of the daughters and her husband help run the farm,…