What Is Probate?
April 24, 2023
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How this is handled now depends on the plans the deceased made when they were alive. For some people, that might mean probate.
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Protecting Inheritances in a Blended Family
April 21, 2023
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As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation.
Transfer on Death Isn’t Always a Smart Estate Planning Strategy
April 20, 2023
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A primary benefit of using TOD/POD designations is that assets held in the account will pass automatically to the beneficiary without having to go through probate.
Single Parents Need Estate Planning
April 19, 2023
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Nobody likes thinking about what happens if they should become incapacitated or die. However, we all need to have a plan in place for just these possibilities.
Do Trusts Help with Succession Planning?
April 13, 2023
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Most estate planning starts with a will. The legal document covers what to do with your assets and provides important direction on the care for minor children.
Steps for an Effective Pet Protection
April 7, 2023
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Although in the past it may not have been the norm to provide for animals in our estate planning, times have changed.
What Is the Relationship between Executor and Beneficiaries?
April 5, 2023
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In terms of executor vs. beneficiary rights, there are several differences with regard to what type of authority each one has.
What’s New with 529 Plans?
April 3, 2023
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A type of education savings account called a 529 plan is just one of several tools families can use to prepare for the growing costs of higher education. While these plans can be beneficial for almost anyone since they let funds saved for education compound on a tax-free basis provided they’re used for eligible education expenses, individuals who live in states with special tax breaks for contributions tend to fare the best.
Estate Planning Checklist
March 31, 2023
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Estate plans are made up of many parts, including wills and trusts, as well as any additional documents or information that will help beneficiaries carry out the requests of the benefactor.
Beneficiary Battle over Presley Estate Reveals Possible Problems in Estate Planning
March 14, 2023
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A badly in debt woman dies leaving the proceeds of substantial insurance policies to her children only to have her trust contested by relatives who claim an amendment naming the children as beneficiaries is invalid with no witnesses, misspelled names, suspicious signatures and was never given to previous trustees for review as required by agreement. A long, expensive, and protracted legal battle likely is brewing.
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