Author Archives: Site Administrator
What Are The Basics Required To Set Up A Trust Fund?
Perhaps you’re thinking about adding a layer of privacy and control to your estate plan and want to establish a trust fund in order to do so. If you want to leave a legacy behind for your beneficiaries, moving assets into a trust is one way to do it. Trust funds are legally binding… Read More »
What Are The Rules For Naming A Beneficiary For Your 401(K)?
When you sign up for a 401(k) plan administered through your work, you will be asked to name beneficiaries. These are people who would inherit the account if you passed away. It is often overlooked once someone has created this account because it is important to come back and update this material as your… Read More »
Five Times You Need To Update Your Living Will
It is important as with all other estate planning documents to conduct a regular review of your materials to ensure these strategies still align with your goals. Routine reviews of your comprehensive estate plan help you to identify problems before they become issues. You want to ensure that your entire estate plan is aligned… Read More »
The Risks of Skipping A Living Will
A will is one of the most important components of your estate plan. You can accomplish many estate planning goals by creating a will, but you may also need to supplement it with other documents. One such example is a living will. You should always discuss your will, a living will, revocable living trusts… Read More »
The Importance of Explaining Your Estate Plan to Your Children
Even if all your children get along now, there’s nothing like an unknown estate plan to cause anxiety and arguments within the family. Discussing your intentions in advance with your family members is one way to reduce future conflict. If your children are included as part of your estate plan, or you have specific… Read More »
The IRS Has Updated Their Mortality Tables. What Does This Mean For Your Estate Planning?
In the last several decades, longevity has largely been increasing, particularly for women who may outlive their partners and need more funds set aside in retirement. The current mortality tables used by the IRS used life expectancy data from 2000, and new table updates will be based on data from 2010. The life expectancy… Read More »
Study Finds 20% Of Americans Passed Away From COVID Without An Estate Plan
The COVID-19 pandemic has brought the importance of incapacity and estate planning front and center. But a new study indicates that some people who passed away from COVID-19 did not have an estate plan. The Caring.com research study found that 1 out of 5 Americans who passed away due to complications with COVID-19 had… Read More »
What Are the Real Stakes Of Passing Away Without A Will?
The chances that you may pass away without having a will in place are extremely high. Although more people have reported awareness around estate planning as a result of the pandemic, plenty of people still have not taken the right action step to protect their interests in moving forward with estate planning. You may… Read More »
Five Reasons Someone Can Contest Your Will
When you plan for your estate, you hope that assets transfer smoothly to your chosen beneficiaries. But that’s not always the case, as you might have found out personally if involved in the estate of a loved one who passed away. There are steps you can take to minimize the chances of someone opening… Read More »
What Are the Most Common Types of Trusts for Estate Planning?
The support of an experienced lawyer can assist you with drafting a comprehensive estate plan. Your estate plan should align with your individual goals and strategies. Working directly with an experienced attorney can ease your concerns and stress over this process and make it simple to break it down into meaningful actionable steps. There… Read More »