Revocable living trusts – or RLTs – are flexible estate planning tools that facilitate the smooth transition of property and asset management in case of incapacity as well as allow families to avoid the probate process in state court. The RLT is “living” because it is...
A financial power of attorney is a crucial estate planning tool for anyone with even modest monetary considerations. With a financial power of attorney, you – the principal – name an agent to handle financial and business transactions on your behalf. It is a role that...
Estate planning is often about family legacy. In many cases, this means taking the assets you’ve worked hard to obtain and using them to better the lives of those you love. Sometimes, simply giving that person a thoughtful gift seems like the simplest method. But will...
Some grandparents and their grandchildren have uniquely special and strong relationships, which can bring happiness and love to both parties. Both can grow from the intergenerational exchange of ideas and outlooks. Often, a grandparent’s wisdom and life...
Much of life is outside of our control. Unforeseen circumstances, which can be widespread and disruptive, may abruptly alter the direction of our life. Having an estate plan in place as you navigate choppy waters can offer peace of mind – a confidence that, no matter...
Life insurance is quite popular in the United States. According to the Insurance Information Institute, an estimated six in every 10 people in the country are covered by some type of life insurance policy. Some individuals have held their policy for years, even...
As we get older, our love for certain causes or philanthropic groups often grows. It’s possible to turn this passion into a key piece of your estate plan, ensuring you leave a lasting impact in a space you care about. There are even ways to do this that can provide...
Managing finances has become a predominantly digital endeavor. We access our bank accounts through apps, check retirement accounts online, handle bills through autopay systems, save important records on hard drives and use third-party programs to move funds around....
Homeowners will likely, at some point during home ownership, discuss the future transfer of their property. When it comes to this form of estate planning, different options can have different consequences. The following will focus on some of the more common tax...
One of the things we must consider as we age is our medical care preferences. Are there procedures or machines we are uncomfortable with? Are there specific treatments we prefer over others?It is possible for anyone to make their wishes known well ahead of time,...
