Category Archives: Estate Planning
Parents and Adult Children Need More Estate Planning Communication
Most people today would recognize the benefits of having an estate planning and at the bare minimum, a will. Others may even go one step further and have a trust in place. Unfortunately, however, parents and their adult children seem to be off when it comes to having conversations about these issues as well… Read More »
Three Changes in Your Life That Should Prompt You to Schedule an Appointment with Your Estate Planning Attorney
There are so many different circumstances that should warrant a meeting with your estate planning attorney. As estate laws or your individual life circumstances change, it is appropriate to update your estate planning documents to ensure that they are in line with your intentions. What follows are three of the most common changes in… Read More »
Make Sure to Anticipate ‘What Ifs’ in Your Estate Planning
One of the most common reasons that people skip estate planning or ignore their initial plans years after creation is because it’s uncomfortable to think about prospects like potential disability or suddenly passing away. However, in these situations family members will already have enough to cope with, and planning just in case for the… Read More »
Key Questions to Ask to Complete Your Estate Planning Checklist
There are numerous different questions and unique strategies that may be incorporated after having a meeting with a knowledgeable and dedicated estate planning attorney in your state. However, the 12 key questions that you need to answer yes or no to, to determine whether or not you already have estate planning prepared. These include:… Read More »
Four Things You Need to Know for Your Retirement Planning To-Do List
As you approach retirement age, there are many different considerations you need to keep in the back of your mind in order to plan effectively for the future. These five things should never be overlooked in your retirement to-do list process. Know the Withdrawal Rules One you reach age 70 and a half you… Read More »
Choosing Trust and Estate Attorney Takes Some Research
young woman signing contract front of professional Most people probably know, or strongly suspect, that they need a lawyer when it comes to planning an estate or setting up trusts. But how should they go about selecting one? A recent web posting at trust-estate.lawyers.com offers some helpful pointers. “The practice of ‘trusts and estates’… Read More »
Asking the right questions helps ensure the right fit
After an estate lawyer is selected, the client’s responsibilities are far from ended. The website willsabout.com offers suggestions for the kinds of questions that people must ask prospective attorneys before sealing the deal. These are designed to make certain the relationship is going to be a good fit and that the legal professional has… Read More »
There are ways to avoid possibility of IRS audit
The English language has its share of beautiful words, ones that are a pleasure to hear and practically poetry all by themselves. “Audit” is not one of them, according to the investment advice website Motley Fool. It is, in fact, one of the more frightening words around, a recent posting noted. “Audit is one… Read More »
Organization Believes Estate Planning Benefits all of Society
Most people regard estate planning as being beneficial to only the members of the specific family involved, an organization formed more than half a century ago takes a much broader view. “Estate planning, effectively done, is of paramount benefit to the community as a whole,” was one of the basic principles on which the… Read More »
Estate Planning Item Often Overlooked: Having ‘The Talk’ With Offspring
Inheritance noteEstate planning is rife with difficult decisions, including one that not many people might think of going into the process: What, and when, to tell the children? This can turn out to be one of the most difficult, according to an article on the website for Lifecare Innovations, a 21-year-old firm that helps… Read More »