Author Archives: Site Administrator
Should Tangible Personal Property Go into a Revocable Trust?
Many different kinds of assets can be appropriately placed inside a revocable trust in order to provide control, flexibility and privacy for how those assets are transferred to beneficiaries. Tangible personal property such as clothing, jewelry, personal papers, computers, books and household goods can be included in trusts, but might be more appropriate as… Read More »
How To Use a Trust to Minimize Taxes
Taxes can have one of the most significant impacts on your intentions with estate plans. This is especially important as you contemplate incapacity issues. If you no longer are able to manage your financial assets, this brings important questions to the surface about who is responsible for those assets. Trust planning becomes crucial in… Read More »
Avoid This Child Care Estate Planning Mistake
Have you been married before? If so, you probably have questions about the estate planning process and how that might shift based on your changing family dynamics. If this applies to you, you’ll likely want to continue to protect your children from your first marriage in your estate plan. These issues can be tricky,… Read More »
Does Your Estate Plan Need More Than A Simple Will?
A simple will is necessary for every US adult over the age of 18. It can help them answer many questions and ensure that your property is distributed according to your wishes. However, estate planning can be tailored based on your assets, family circumstances, income, and personal goals. Executing a will can take time… Read More »
Should I Leave Money to a Charity in My Will?
Estate planning and philanthropy are interconnected as many people use this opportunity to leave leftover funds behind to support a charity of their choosing. This is a very personal decision and one that is based on your own assets and your personal goals. Having an estate planning attorney to help you with this process… Read More »
Who Owns the Property Inside A Living Trust?
There are many different complex terms and rules associated with estate planning, but it is critical to understand when you may or may not own property once it has been placed in a living trust. Property placed inside a revocable living trust still belongs to you unless you retitle it properly. This is, unfortunately,… Read More »
What To Know About The Two Basic Kinds Of Life Insurance Beneficiaries
Most people who take out a life insurance policy are doing so to help protect their loved ones in the event that the primary policyholder passes away unexpectedly. This can be an important financial contribution to continue supporting your loved ones and it is imperative that you understand how the policy works. The policy… Read More »
How To Protect Your Retirement Funds From Too Much Inflation
Many people are feeling the day to day impacts of significant inflation and it’s important to look ahead for any way you can possibly minimize these impacts in the future. You may be relying on your retirement for 20 or 30 years or longer, so having strategies that allow you to accumulate as much… Read More »
Do Real Estate Assets Go Through Probate?
If you own any kind of real estate, including a home, you should include these in your will because there is a high chance they will pass through probate. There are some options for keeping real estate outside of your probated estate, such as transfer on death deeds, joint ownership, or trusts. Whether you… Read More »
When Does A Power Of Attorney Become Effective?
In many cases, creating a power of attorney can help you to appoint someone known as an agent to act on your behalf if and when you are unable to do so. The power of attorney typically becomes effective at a future date usually at the time that a person signs a subsequent written… Read More »