Assets Archives - GP Schoemakers, PLLC

Your Vacation Checklist

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 [...]

By Gratia P. Schoemakers, Esq.|2021-01-27T11:27:21+00:00June 12th, 2019|Categories: Business Planning, Estate Planning, Trusts|Tags: Assets, Business, Life Insurance, Vacation|0 Comments

How to Leave Your Life Insurance and Retirement Plan to Your Minor Children

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 [...]

By Gratia P. Schoemakers, Esq.|2021-09-21T17:54:02+00:00August 23rd, 2018|Categories: Estate Planning, Retirement|Tags: Assets, Beneficiaries, Guardians, Life Insurance, Minor Children, Tips, Trust|0 Comments

What to Do with Your Beloved Collection

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 [...]

By Gratia P. Schoemakers, Esq.|2021-09-21T21:52:19+00:00August 23rd, 2018|Categories: Estate Planning|Tags: Assets, Inventory, Legacy, Tips|0 Comments

Which Life Events Require an Immediate Estate Plan Update?

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 [...]

By Gratia P. Schoemakers, Esq.|2021-09-21T19:22:34+00:00May 31st, 2018|Categories: Estate Planning|Tags: Assets, Death, Divorce, EP Update, Marriage, Moving|0 Comments