- 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
Senior on My Own
As a senior on your own, you may increasingly have concerns about your health and finances, but you can confidently relieve many of these concerns through professional estate planning. For example, healthcare documents can allow you to name a loved one to make healthcare decisions on your behalf if you are unable to do so on your own. By naming agents in a power of attorney and trustees in a trust agreement, you can ensure that your finances are taken care of by competent individuals or institutions both during your life and after you have passed on. Within your will or trust agreement, you can leave gifts to friends and make charitable contributions to your favorite charities. If you want to leave a lasting footprint in your community, you can create a private foundation or even fund a scholarship in your name.
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.
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.
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.
Although you may never have to deal with the challenges that a diagnosis of dementia can bring, it is still vital that you complete your estate plan early, while you have the mental capacity legally required to make estate planning decisions.
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.
Learn the many reasons why it is important to have an advisory team for your estate planning.
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.
Beneficiary designations can be quite useful, but they need to be considered as part of your overall estate plan.