Monthly Archives: September 2023
What to Do if You’re Not Ready to Make Long-Term Decisions for Your Estate Plan
Many different myths lead some people to ignore their estate plan. These myths, such as not being worth enough money, or assuming that estate plans only apply much later in life, could make things very difficult for your loved ones if something happens to you. One of the reasons for putting off estate planning… Read More »
What Happens to My Property Put into A Living Trust?
When you pass away, the court reviews your estate planning documents, including a will and any trust established to determine what happens to your property. If you pass away without a will, the state then determines what happens to your property. Although you don’t have to use a trust to transfer property to future… Read More »
Why Would I Use Permanent Life Insurance as Part of My Estate Plan?
Most people understand the general concept behind life insurance. When you pass away, your chosen beneficiaries receive a payout from the life insurance company. This can be purchased on a term basis such as 10, 15, 20 or 30 years, or as permanent life insurance which typically covers you until age 120. Term life… Read More »
Do I Also Need a Financial Advisor for Estate Planning Purposes?
Estate planning often leads many people to seek experienced assistance in the form of an estate planning lawyer. However, there may be other professionals you should include in all your discussions about planning your estate and future retirement, such as a financial advisor. You may also collaborate with your insurance agent and CPA throughout… Read More »