Estate Planning — page 11
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How to Know When You Need a Trust
This is a common question we hear. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. For example, maybe you have a disabled child and you want a… Read “How to Know When You Need a Trust”
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DID THE SECURE ACT RUIN YOUR ESTATE PLAN?
The Setting Every Community Up for Retirement Enrichment Act of 2019 or the SECURE Act, was set into law on January 1, 2020. The Act changed many of the long-standing rules about Individual Retirement Accounts (IRAs)… Read “DID THE SECURE ACT RUIN YOUR ESTATE PLAN?”
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Choose the Right Nursing Homes in 4 Easy Steps
Choosing a nursing home for a loved one is an important decision and should be carefully considered. It is important for families to take the time to explore nursing home options and to carefully assess the nursing home… Read “Choose the Right Nursing Homes in 4 Easy Steps”
- Six Essential Tips for Effectively Planning Your Estate “Live not as though there were a thousand years ahead of you. Fate is at your elbow; make yourself good while life and power are still yours.” ~ Marcus Aurelius Drafting a Last Will and Testament, in addition to… Read “Six Essential Tips for Effectively Planning Your Estate”
- Tips on How to Fix an Outdated Irrevocable Trust Trusts have been used for decades as an effective estate planning tool to avoid the cost and hassle of probate and ensure your assets are properly managed for the benefit of your beneficiaries. There are a myriad of… Read “Tips on How to Fix an Outdated Irrevocable Trust”
- If You are a New Parent, You Need an Estate Plan The birth of a child is an incredible, joyous moment in the lives of most parents. It is also an inflection point allowing you to take stock of your estate and plan properly to protect your spouse and your newborn… Read “If You are a New Parent, You Need an Estate Plan”
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Should You Name a Trust as an IRA Beneficiary?
A question asked by some clients is whether they should name a trust as a beneficiary to their Individual Retirement Account (IRA). The answer depends largely on your specific circumstances. There are some potentially… Read “Should You Name a Trust as an IRA Beneficiary?”
- How To Protect Your Estate Plan Post-Divorce It is a common scenario couples find themselves in – you and your spouse create an estate plan leaving everything to each other and then to your minor children. A few years pass and you wind up getting a divorce. You… Read “How To Protect Your Estate Plan Post-Divorce”
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New Law Establishes More Flexibility in Creating a Special Needs Trust
In 2016, the 21st Century Cures Act was signed into law. This sweeping piece of legislation was drafted to help address a myriad of issues in medical research, the advancement of experimental medications, and mental… Read “New Law Establishes More Flexibility in Creating a Special Needs Trust”
- Considerations in Naming Guardians for Children If you’re like us, and like a lot of our clients, you have young children. Raymond and his wife have a 5-year-old daughter, and Scott and his wife have a 5-year-old son and a 19-month-old daughter. You’ve probably… Read “Considerations in Naming Guardians for Children”