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Once you’ve drafted your will, it’s easy to just forget about it and think you’re all prepared for the future. But often, that won’t be the case, as there could be several events that occur during your life that will make it necessary for you to update your will. Having a will in the first […]
Forming an effective estate plan can involve many documents. These essential estate planning documents can fall into several categories including Personal Financial Medical documents Some may require the assistance of an estate planning attorney for consultation or preparation. Others will simply require that you have them readily available when needed. Let’s examine some of these […]
In its most basic form, a will is a document that states what you would like to happen when you die. There are some things that should be included in a will as well as a few things to avoid. As with any legal document, you’ll want to rely on the guidance and assistance of […]
Those of you who are considering planning for your estate may wonder how much to budget for the cost of assorted services including but not limited to drafting related documents. Tasks with Little or No Associated Costs Although many of the estate planning tasks you engage in will have associated fees, it is important to […]
Despite the fancy-sounding title, estate planning is not just for the rich and wealthy. In fact, the term “estate” might not mean what you think it does at all. When it comes down to it, deciding who will inherit your estate is a big decision and an important part of life planning. Smart estate planning […]
Thinking about the end of your life is no fun for anyone, but at some point, everyone will need to plan for this time. The best way to ensure that your wishes are followed and your family is taken care of after your death is to establish an estate plan. Two of the most common […]
A Note Beforehand Before we begin, it’s important to note that planning for your estate can have numerous advantages independent of any tax consequences. As with many financial aspects, it is important to choose strategies, products or services that work for your overall situation rather than making decisions primarily or exclusively on tax consequences. While […]
Life insurance is an important part of many people’s estate plan. This could be a single person with a single beneficiary, all the way to a high net worth individual with several businesses and charitable gifting intentions. Life insurance can be a good solution for a number of things that people commonly want to do […]
You may be able to instill the type of values in your children that lead to the productive use of your funds; however, this might be easier than it sounds. It can be difficult to instill the right values in children on any subject, but money can be especially difficult. We all find it difficult […]
