Read here: Handout Probate & Trust Administration 022721 This handout covers the details of how to administer the affairs of someone who has passed away, including: How is property transferred at death? Will I avoid probate, or do I need to avoid probate? Do I claim life insurance and other benefits right away? If my […]
Read here: Handout Beneficiary Designations & Funding Your Trust 030621 What does it mean to fund your trust? Are your beneficiary designations set up correctly? This handout will review the importance of having your trust funded properly, updating beneficiary designations, tax considerations of naming a trust or an individual as a beneficiary, qualified trusts, and […]
Is a long-term care insurance policy a wise addition to your estate plan? Ask yourself if you can afford to pay over $200,000 out-of-pocket for long-term care. If not, you may want to consider purchasing long-term care insurance because that’s what the average stay in a facility will cost you; however, don’t sign on the dotted line until you understand how long-term care (“LTC”) insurance works.
You likely worked hard, saved wisely, and invested prudently to acquire the assets you now have. Now, all you need to do is to protect those assets. To accomplish that goal, you need to understand how and why your assets might be at risk as well as learn more about asset protection tools and strategies.
Odds are many of us have heard of the federal gift tax; however it’s not something most Americans face and here’s why.
One method for making sure you leave a lasting charitable legacy is to let a life insurance policy do the work for you. Here’s how.
Our priorities shift as we move through our lives. What might have been important in our early twenties may no longer be a priority as we near retirement. It’s important to ensure our estate plans are current and that a trustee is chosen who will carry out our wishes when we are no longer able to do so. Learn more about addressing your estate planning priorities and how they might affect you in the future.
Don’t leave your future, your children’s, or your estate’s future up to chance. Learn about the odds of incapacitation and death, and how a comprehensive estate plan can tip the balance in your favor.
Many business owners spend so much time working in the business on day-to-day tasks that they forget to ask one essential question: “What will happen to my business after I’m gone?” Most family-owned businesses fail to outlive their owners. Learn how you can help your business survive you.
Who are your designated beneficiaries? Not sure? If so, you are not alone; it’s not uncommon to select designated beneficiaries without considering your overall estate plan. However, the failure to coordinate them could wreak havoc on your overall estate.