ASSETS

Your Vacation Checklist

By |2021-01-27T11:27:21+00:00June 12th, 2019|Categories: BUSINESS PLANNING, ESTATE PLANNING, Trusts|Tags: , , , |

You’ve packed sunblock and a beach novel. You’ve planned your itinerary and bought plane tickets. But have you ensured that your estate plan is up to date? Don’t leave home without making sure your financial health and the future of your loved ones is provided for. It’s even more crucial than getting a pet sitter and locking the front door. Creating an Estate Plan If you don’t have an estate plan yet, don’t panic. Now is a great time to connect with a qualified estate planning attorney who can sit down with you and get you started with an appropriate [...]

HOW TO LEAVE YOUR LIFE INSURANCE AND RETIREMENT PLAN TO YOUR MINOR CHILDREN

By |2021-01-27T11:09:41+00:00August 23rd, 2018|Categories: ESTATE PLANNING, RETIREMENT|Tags: , , , , , |

Your children are your pride and joy. It is no surprise that at some point or another, every parent likely becomes concerned about who will care for a minor child or children if one or both parents die or are incapacitated. From a financial perspective, many parents turn to life insurance in an effort to take care of their family in the event of death. While it is true that life insurance is a particularly helpful financial tool to protect your loved ones, it is just as important to consider how to leave the proceeds to your minor children. Beyond [...]

WHAT TO DO WITH YOUR BELOVED COLLECTION

By |2021-02-05T13:19:31+00:00August 23rd, 2018|Categories: ESTATE PLANNING|Tags: |

Whether your beloved collection consists of artwork, books, cars, music, or other significant items, you should not forget about this valuable asset when estate planning. You have likely spent quite some time — whether years or your entire life — building your collection; you should not leave its fate to the whims of the court. Estate planning is a great way to share the value and meaning of these much-loved items with those you leave behind. Through your estate plan, you can explain to your loved ones why you collected these items in the first place as well as the [...]

WHICH LIFE EVENTS THAT REQUIRE AN IMMEDIATE ESTATE PLAN UPDATE?

By |2021-01-27T12:01:21+00:00May 31st, 2018|Categories: ESTATE PLANNING|Tags: , , , , , |

Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation skipping transfer and probate court costs. However, your plan must also name someone who will make medical and financial decisions for you if you cannot make decisions for yourself.  You also need to consider how to leave your property and assets while considering your family’s circumstances and needs. Since your family’s needs and circumstances are constantly [...]

ONE CALL YOU MUST MAKE AFTER YOU BUY A HOME – THAT YOU’VE PROBABLY FORGOTTEN

By |2021-01-27T12:26:24+00:00March 19th, 2018|Categories: ESTATE PLANNING|Tags: , , , |

During the home buying process, you worked with a lot of individuals: your realtor, the seller’s realtor, the title company, the loan officer, and the home inspector.  Now that you have finalized the purchase of your house, there is one more expert you need to call: your estate planning attorney. Aligning Your Ownership with Existing Estate Planning First, your attorney can help you review the new documents associated with your home purchase in conjunction with your existing estate plan to ensure that everything aligns and works towards your overall estate planning objectives. If your existing estate plans include a trust [...]

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