If you are going to make estate planning decisions that will not please someone that will be expecting a bequest, you have to consider the possibility of an estate contest. These situations are messy, and they negatively impact everyone in the family. In this post, we will share four tips that you can help you […]
Estate Planning
Why Would You Use an Irrevocable Trust?
There are trusts that you can revoke, and there are also irrevocable trusts. When you hear this for the first time, you may wonder why you would establish a trust that you cannot revoke if you have an alternative. We will answer the question in this post. Incidents of Ownership If you have certain objectives, […]
How Do You Include a Minor in Your Estate Plan?
There are different ways to transfer assets to the various people that are on your inheritance list, and there is some type of solution to address any objective. With this in mind, we will look at estate planning for minor children in this post. Testamentary Trust A testamentary trust can be simply defined as a […]
Tax Proposals Could Alter Estate Planning Landscape
Senators Sanders and Whitehouse have introduced legislation in the Senate which would significantly alter the Estate Planning landscape. It would dramatically change the tools we use to plan for our clients. Time is of the essence. Read on to learn more.
Is Probate Necessary for All Estates?
Many people hear bits and pieces about the estate planning process and they make assumptions based on incomplete information. This enters the picture when it comes to the administration process and the legal procedure called probate. Generally speaking, postmortem asset transfers are subject to this court-supervised process, but there are certain types of transfers that […]
An Overview of Essential Estate Planning Documents
Estate planning can seem like an overwhelming task if you are a layperson and you don’t know where to begin. This is perfectly understandable, and in this post, we will provide an overview of the essential documents that should be part of every estate plan. Will or Trust The plan will start with a vehicle […]
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