A recent Banker's Life survey that included 1500 middle income Americans between the ages of 54 and 72 reveals that most baby boomers haven't planned for long term care expenses. Around 10,000 people across the United States are turning 65 in the Unite ...
How Does A Trust Help to Prevent Bad Decisions in The Future?
There are numerous different reasons for establishing a trust, especially in light of the constantly shifting nature of estate tax reform. Clients often ask estate planning attorneys, why do really need a trust. It might seem as though the simplest approa ...
How to Take Care of Federal Gift and Estate Tax Exemptions In 2019
The Tax Cuts and Jobs Act still has significant impact on the process of estate planning. This means that many estate planning attorneys have had to adapt and re-strategize the best way for clients to take advantage of these federal gift tax and estate ex ...
Is It Possible You’ve Forgotten Assets in Your Estate Plan?
The number and type of assets that people own today is constantly evolving, which presents significant challenges for people who don't look at their estate planning that often. Thankfully, an estate planning attorney can help to review your checklist of a ...
Do I Need to Use A No-Contest Clause in My Estate Planning?
Many people are concerned about the possibility of their estate being contested in the future. This can lead to continuous litigation that is expensive and emotionally draining for your loved ones. Even those loved ones who are recipients of assets insi ...
What’s the Distinction Between A Traditional and A Durable Power of Attorney?
A common estate planning term you've probably heard of before is power of attorney. Power of attorney is a very valuable document in your estate planning and each different type has its own provisions and rules. If you're unsure of which type of power o ...
What You Need to Know When A Sibling Contests A Parent’s Will
It goes without saying that the death of a parent is one of the most complicated times in your life, and this loss can lead to significant riffs among siblings. Unfortunately, the distribution of assets can be one reason that causes conflict between you a ...
What You Need to Know About Using Minors as Primary Beneficiaries
Estate planning issues that have to do with children can be extremely complex. Minor children are usually only able to own a small amount of property directly in their own names. This is why many parents choose to use tools, such as a trust, to pass on ...
What Unique Assets Were Left Behind by Famous People in U.S. History?
Ancestry.com's U.S. probate and wills collection provides vast details about what people in the past left behind to their loved ones. Some of the most interesting items left behind by famous people in history include: • A snuff box left by U.S. Secreta ...
Are Living Trusts Only for the Wealthy?
All too often, people miss out on valuable estate planning opportunities because they fall for myths that they heard from someone once or did not properly investigate. The only reliable source for estate planning information is an experienced estate pla ...