Author Archives: Site Administrator
Four Ways to Simplify or Avoid Probate
Given that probate can be expensive as well as a drawn out process, it’s no surprise that many people turn to estate planning strategies to avoid or simplify probate. Although in many cases probate can be streamlined, it might be best to think about strategies to avoid probate where you can. There are several… Read More »
What If I Don’t Want to Be the Executor of Someone Else’s Estate?
Being appointed as an executor comes with a significant set of responsibilities and a high level of ethics that call upon you to carry out important tasks with a focus on details and the law. The support of an experienced estate planning professional is recommended when naming an executor or personal representative to your… Read More »
Three Changes to Retirement Savings That Might Impact You in 2021
The CARES Act or the Coronavirus Aid Relief and Economic Security Act gave some significant benefits to retirement savers in 2020. However, the disappearance of these in 2021 means you may need to consider alternative planning options. The first major change has to do with required minimum distributions. In 2020, the CARES Act enabled… Read More »
Study Shows Americans Look at Trusts, Wills and Life Insurance In 2020
There are always good reasons to update an estate plan, such as big changes in laws impacting estate and gift taxes or changes in your personal life that warrant new beneficiaries. But world events or family events might also prompt you to rethink your strategies. As the coronavirus pandemic has made the topic of… Read More »
Update Your Emergency Fund and Your Estate Plan in 2021
End of year provides unique planning opportunities to close up loopholes or to evaluate whether your life circumstances should prompt you to change strategies altogether. A couple of key tips can help you reorganize before 2021 and ensure that you enter the new year with a comprehensive plan and strategy to accomplish your individual… Read More »
What Is Disinheriting a Beneficiary?
You’ve probably heard plenty of advice that you need to distribute your assets in your estate in a streamlined manner using estate planning documents. This is a basic tenet of the concept of estate planning and can be very beneficial for ensuring that your loved ones have an easier time receiving your assets in… Read More »
Is It Time to Find Long Term Care for a Loved One with Alzheimer’s?
You and your family might have already had the initial conversations around whether a loved one needs additional support beyond what you can provide. Sometimes you and a network of family members may be unable to provide the kind of support that a person with Alzheimer’s disease requires. This person might wander a lot,… Read More »
Is Cash King When It Comes to Your Estate Plan?
As we approach the end of 2020, it’s important to look ahead into 2021 and determine which of your estate and financial plans are aligned with your needs and expectations. There is a high chance that you can consider cash items king in 2020. When it comes to making charitable gifts, you need to… Read More »
What Questions Should You Ask Yourself for a Purpose Driven Retirement?
Anyone who is approaching retirement has likely had a sense of purpose their entire life. This makes it all the more important to view this transition as yet another opportunity to open this new chapter in your life with a good sense of purpose. Looking ahead to retirement is not always just about exiting… Read More »
Avoid These Estate Planning Mistakes Prior To The Biggest Wealth Transfer in History
One of the biggest wealth transfers that the United States has ever seen will take place in the coming 25 years. This is because it is anticipated that up to $68 trillion of wealth will be passed from current to future generations. This presents you a unique planning opportunity, but this requires those responsible… Read More »