According to studies, only 17 percent of Americans work with a financial advisor when it comes to matters finance. They believe in handling their finances, which is a huge mistake. Proper financial management is vital in planning your estate, the reason to work with an advisor to help you with the process correctly. Still, many…
In the articles section you can find blogs that discuss all areas of Estate Planning. By going to the articles section and reading some of the blogs you are able to better educate yourself on the different products and concepts of estate planning.
Estate Planning includes:
- Planning for pass through of assets upon death,
- Planning for minors (Setting up guardianship designations or special needs trusts),
- Utilizing tax mitigation strategies (for example the current gift tax exemption),
- Creating a form of asset protection (from creditors and predators or as a form of marital asset protection),
- Setting up healthcare proxies ( giving someone your trust the ability to make healthcare decisions for you in the event you are unable to do it for yourself),
- Setting up Power of Attorney (enabling someone to make executive decisions regarding your assets and finances in the event you are unable to and it is necessary),
- Medicaid or Retirement Planning (Divesting yourself of assets to qualify for Medicaid or Government subsidies),
- End of life planning using living will or last directive (Indicating burial requests and tube feeding or resuscitation in the event it is necessary).
In the articles section we have gone ahead to make it easier for you to find the topic of interest by creating subcategories. Our goal is to make it simple and easy for people to come to our website in order to educate themselves about the different types of trusts for example Revocable Trusts and Irrevocable Trusts or Special Needs Trusts and Supplemental Needs Trusts.
In the articles section you will find the following subcategories:
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
A very common concern for people with families or high risk professions for example doctors, lawyers, policemen, firemen, accountants and so on. Newlyweds seeking marital protection and people with large cash liquidity might also be worried about their exposure and seek asset Protection.
At some point in our lives we are done working and are ready to retire and want to know the best practices for retiring. Here you can learn about pass through of assets, divesting of assets and planning for your final days.
Here you can learn about tax mitigation strategies.
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Everyone wants to plan for events while they are alive and not just after death learn more here.
What happens when someone dies or passes away with a Will.
Flexibility when it comes to planning.
The different types or forms of trusts and their uses.
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
Planning for pass-through of assets.
Will and Trust
Different uses of having both documents a Will and some form of Trust.
If you are shopping around or look for ways to vet an Estate planning Attorney/Lawyer and wish to better educate yourself on the topic the articles section is for you.
Scenario When Jane’s mother passed away, she knew she would get a good share of the estate that her mother had grown over the years. She knew that the mother had real estate and money in the bank. When the will was finally read out, she was surprised to discover that the mother hadn’t left…
When 78 year old Anne lost her husband James to an accident, she realized that she had no idea what his passwords were. She couldn’t access his Apple account on the iPhone, iPad and computer that they had stored all their data on. On calling Apple to get help, she was advised that she needs…
Estate planning mistakes can turn out to be expensive than you ever thought. The amount you spend fixing the mistakes – that is if they can be fixed at all – is huge. The situation is simple – when a person makes a mistake in planning their estate and get deceased later on, they won’t…
This article is part of a larger series that presents a number of ways a will or estate plan could be challenged. Taking these potential threats under consideration is critical when planning your estate and they are often overlooked until it’s too late. One of the most important steps in one’s life is creating an…
As stated in the four previously published articles, estate planning is a critical part of one’s life, especially as you get older and/or bring children into the world. The other three articles covered things such as fraudulent signatures and undue influence and how these can affect the validity of an estate plan. When planning for…
Celebrities across the world have entertained us in more ways than one. We have seen tragedies both in life and in death among our favorite celebrities, but there are a few tragedies that go past death, leaving their families trying to grapple with both physical and monetary losses. We are referring to estate planning mistakes…
Business succession planning refers to a series of financial and logistic decisions that you make regarding who takes over your business when you pass away, retire or become incapacitated. When you run a family business, succession is never that simple. You have to account for a lot of things when you transition from one generation…
This article gives readers a brief overview of several core concepts in estate planning. This guide is an excellent starting point for people new to estate planning and can be used in conjunction with an estate planning attorney. Knowing these basic concepts will benefit you and ensure the estate you’ve committed your life to earn…
As a farmer or ranch owner, you face similar obstacles in estate planning akin to other businesses. However, you will come across a few aspects of the estate plan that are unique to the farm. When you own a farm that you have held on to for a long time, then you need to undertake…