- Asset Protection Planning
- Business Succession Planning
- Charitable Giving
- Disability and Special Needs
- Elder Law
- Executor and Trustee Responsibilities
- Financial Powers of Attorney
- Inheritance Planning
- Lifetime Gifts
- Medical Directives
- Planning for Minors
- Retirement Accounts
Caring for Someone with Special Needs
Estate planning is crucial if you have a loved one with special needs. For example, leaving your assets directly to someone with special needs may unintentionally prevent that person from qualifying for valuable government benefits. Special needs beneficiaries may require assistance with managing assets or caring for themselves. A carefully drafted trust can help provide for a special needs beneficiary without jeopardizing the beneficiary’s government aid. A trust can also include instructions regarding the beneficiary’s care, safety, and welfare. An estate plan that includes a trust gives you the most flexibility and control over how your assets are used for loved ones with special needs.
Estate planning is making a plan in advance, naming the people or organizations you want to receive the things you own after you die, and taking steps now to make carrying out your plan as easy as possible later.
A basic estate plan is essential for everyone. At a minimum, everyone should have three estate planning items in place: an up-to-date will or trust, a durable power of attorney, and updated beneficiary forms.
As digital assets become more common to all of us, it is important to include them in estate plans. These four steps will help ensure you do this properly.
An estate plan, properly executed, can protect you as well as your family in the event of sickness, accidents, or untimely death. This eight-point checklist can help determine whether your estate plan needs help.
Almost everyone has some kind of retirement account—whether a 401(k), IRA, or pension—so proper estate planning for these funds is essential.
Careful estate planning can ensure that inherited IRAs remain safe from your beneficiary’s creditors. In most cases, establishing a standalone retirement trust will protect your assets without restricting your beneficiary’s access to them.
Making charitable giving a part of your estate plan is a great way to support your favorite charity without impacting your current lifestyle in any way.
Trust funding is the process of transferring ownership of your assets from you to your trust. Learn more about this process and how it fits into your estate plan.
As with other estate planning tools, transferring a residence to an adult child is not always the best option for everyone. If you are considering transferring your home to an adult child, it is important to first consider the risks involved.
The type of trust that will protect your assets from creditors is an irrevocable trust. Another type of trust, a revocable living trust, will not protect assets from creditors.
Depending on the laws of your state, handwritten notes to a will may qualify as a valid testamentary disposition.
For family business owners, estate planning is crucial to the success of the business. If you have not already drafted an estate plan that includes the succession of your business, begin today.
As our families grow, change, and become more complicated, their estate plans must grow and change with them. Those with minor children need to pay careful attention to their estate plans after divorcing their spouse.
If you or your spouse served in the United States military, there are several pension benefits that you may be eligible for.
Because your successor trustee should be someone you know and trust, many people name one or more of their adult children in this position.
Estate administration is the process that occurs after a person dies. It includes collecting probate assets, paying creditors, then distributing the remaining assets to beneficiaries.
Without proper parental estate planning, a disabled child who is unable to live independently may be left extraordinarily vulnerable.
Planning for incapacity involves creating a set of written instructions for how you want decisions related to your assets and healthcare handled should you not be able to make them yourself.
Every parent wants to make sure their children are provided for in the event something happens to them while the children are still minors. Proper estate planning can help you understand how to leave money to minor children.
Learn the many reasons why it is important to have an advisory team for your estate planning.
Learn how discussing inheritance with children can help them be prepared to handle even a modest amount.
How important it is to create an inheritance for your kids?
A family inheritance can mean more than just money; it can also mean passing down family values, traditions, and history to future generations.
Treating your children fairly in your estate plan does not necessarily mean you need to divide the inheritance equally.
Beneficiary designations can be quite useful, but they need to be considered as part of your overall estate plan.