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Estate Planning Blog

What are the First Steps in Estate Planning?

May 24, 2023
During your life you will likely accumulate money, property and other items of value. These are your assets. Taken together, these assets — also known as your estate — paint a picture of the wealth you’ve built over time. Rather than lose all you’ve built when you die, planning your estate ahead of time can help you preserve your wealth by transferring your assets to your children or other beneficiaries.
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child covering parents' eyes to show blind trust

Should you consider a blind trust as part of your estate plan?

May 13, 2023
Discover the advantages and disadvantages of using blind trusts and if a blind trust is something you should consider for your estate plan.
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estate assets

Revocable Trusts Must Be Funded to Make Estate Plan Work

May 6, 2023
The primary benefits of revocable trusts only are available if a revocable trust is FUNDED during life. Unfortunately, experienced estate planning attorneys often have clients who delay the funding of their revocable trusts until it is too late and miss many of the benefits that these trusts provide.
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estate assets

What Is the Relationship between Executor and Beneficiaries?

April 8, 2023
In terms of executor vs. beneficiary rights, there are several differences with regard to what type of authority each one has.
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Memorabilia

How Should I Handle Memorabilia in My Estate Planning?

April 8, 2023
Memorabilia collections, by their nature, are specialized and unique. When considering your estate planning, it's important to think about what you require of your beneficiaries — if you’re not planning on selling your collection — and how you can make that process as easy as possible for your family. What will your spouse or children have to deal with as they dispose of the items?
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Estate Planning

How to Avoid Common IRA Mistakes

March 13, 2023
Millions of Americans use both traditional and Roth IRAs to save for retirement. However, that doesn't mean they all have a full understanding of how IRAs work.
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elder gentleman riding

Does Healthy Lifestyle Have an Impact on Memory Decline?

March 5, 2023
Memory decline was slower for older adults who had a healthy lifestyle, even for people with high genetic risk for Alzheimer's disease, data from a Chinese study showed.
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couple upset

Can a Dementia Patient Sign Legal Documents?

March 5, 2023
Families and their loved ones with dementia need to start advance care planning after receiving a diagnosis of dementia. Medical experts and attorneys can help your loved one to be involved in their care planning.
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family sharing home

What are the Benefits of Creating a Life Estate?

March 1, 2023
Once you create a life estate, property rights vest in your heir.
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Concept chart medicare

What Doesn’t Medicare Cover?

June 7, 2023
Medicare covers the majority of older Americans’ health care needs, from hospital care and doctor visits to lab tests and prescription drugs. Here are some needs that aren’t part of the program — and how you might pay for them.
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loss of a job and factors to consider.

Three Things You Must Do to Protect Your Family if You Are Recently Unemployed.

June 6, 2023
If you have recently lost your job, you are not alone! Inflation has skyrocketed in the United States over the past couple of years. Some smaller businesses have been unable to survive the increased expenses, putting employees out of work, while many larger companies have laid off employees to reduce their costs. If you are […]
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Who is Legally Able to Amend a Trust?

June 6, 2023
The conditions for amending a trust, including who has the authority, is usually set out in the document.
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House Renovation

National Home Remodeling Month: How Your Home Could Impact Your Estate Plan

May 25, 2023
Thinking about remodeling your home? It's important to consider how it can impact your estate plan. Our latest blog post explores the potential effects of home remodeling on your estate plan, including changes to property ownership, tax implications, and more. Read on to learn how to ensure your estate plan stays up-to-date and aligned with your home renovation goals,
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mental health awareness month

Mental Health Awareness Month: How an Estate Plan Can Help Improve Anxiety

May 25, 2023
Having an estate plan is not just about securing your financial future, but also has a positive impact on your mental well-being. Knowing that you have a plan in place can provide a peace of mind. Like a calm lake. Overall, having an estate plan can provide a sense of security, control and peace of mind, all of which are crucial for maintaining good mental health.
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Mother with child

How To Protect Your Children As a Single Parent - Estate Planning Tips

May 10, 2023
There are two primary ways to pre-pay for a funeral: via either pre-need funeral insurance policies purchased through a funeral home, or by setting up a funeral trust with a bank or financial institution. Each method works a bit differently.
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Elderly Parnet

Protect Your Elderly Parents from Scammers

May 9, 2023
Scam artists often target older adults, partly because they have amassed greater wealth.
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Business Entities

Should You Include a Limited Liablity Company In Your Estate Plan?

May 9, 2023
It is essential that women do not surrender the responsibility of managing their financial affairs and devising their estate plan to their family … but take complete charge of this important duty.
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