Out-of-State Assets and Your Estate Plan
Do you own property in another state or in another country? Is it included in your Will or Trust so it would go to those of your choosing when you die? If so, you’re all set, right? Not so fast! That Will or Trust may not have legal standing outside of your state. When it […]
Why You May Want a Legal Review When Creating Your Online Estate Plan
Not all estate plans are cut and dry. Family dynamics and life changing events have a direct impact on how estate planning documents are crafted and whether they cover all of your assets and wishes. There may be some situations where you may want a legal review when creating your online estate plan. Do I […]
The Tax Implications of Creating a Trust
Taxes. You can’t turn around without being taxed for something. We’re always looking for ways to avoid paying them. Having a Trust, a key component of an estate plan, may provide some tax savings to estates and beneficiaries. Let’s explore the tax implications of creating a Trust. Trusts and Taxes A Trust is a great […]
8 Reasons You Might Need a Trust
Many people think you need to own a mansion or have a ton of money to have a Trust. Not so. Regardless of the size of your home or bank account, you can create a Trust that would benefit a loved one. Here are eight reasons you might need a Trust. Do I Need a […]
Estate Planning Basics: 7 Step Checklist
Creating an estate plan can be daunting. There is so much to consider: taking stock of your assets, deciding who inherits what, choosing responsible people to carry out your wishes. But it doesn’t have to be complicated. Follow our 7-step checklist of basic estate planning. It will make things a lot smoother. The Estate Planning […]
How the SECURE Act May Affect Your Estate Plan
The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, which went into effect in 2020, has far-reaching impacts on retirement accounts and taxes. The SECURE Act may also affect your estate plan and how your beneficiaries receive inheritance from your retirement accounts. What is the SECURE Act? Before we get […]
How Much Should a Revocable Living Trust cost?
A Revocable Living Trust allows you to manage and protect your assets during your lifetime and provides a clear path for those assets to be distributed to your chosen beneficiaries after you pass—often without going through the probate process for assets properly placed in the trust. When considering the cost of a living trust, it’s […]
Living Will vs. Living Trust
Most everyone knows about Wills and Trusts – two distinct estate planning documents. When it comes to a Living Will and a Living Trust, however, their functions may be blurred. These also serve particular roles: A Living Will lets you express your health care preferences while a Living Trust allows you to hold assets for […]
Understanding Different Types of Trusts and Why You Might Need One
A Trust is a legal document that allows funds and other assets to be legally held by a third party on your behalf. Trusts are created by a fiduciary relationship in which one party is called the grantor or settlor who gives the trustee the authority to hold the title to assets or property for […]
Estate Planning: Your Guide to Get Started, Conversations to Have, and More
It’s easy to get caught up in the day to day. After all, we spend our entire lives caring for the people we love. And, when it comes to family planning, we want to make sure they have everything they need. According to the AARP, today more than half of the adults in the country […]