It is a wonderful thing to be able to leave substantial resources for your children when you die, but an inheritance can certainly have a dark side to it. An inheritance could help your family members start a business, be used to pay off your student loans or to put...
Focused And Personalized Attention Concerning Your Estate Planning Needs
Month: May 2021
3 steps to take before selling major assets held in a trust
Serving as a trustee means that you have a fiduciary duty to the trust itself and its beneficiaries. You need to put the best interests of the people who should benefit from the trust above your own wishes. Sometimes, trust administration involves the sale of trust...
2 reasons you may want to change your advanced medical directive
When people revisit their estate plans, the allocation of their property or beneficiary designations often receive more consideration than the living will documents. However, the documents that you've created to guide your loved ones in the event of your...
Is it worth holding on to assets until you die?
You may have spent a lifetime building a collection of assets to leave to your children when you die. Yet, if they do not want them, it could be a waste of time. Think about which of your parents' things you wanted when they died. They probably had a lot of stuff of...
The importance of including ancestry information in your estate plan
You’re focusing on your will, trusts, health care directive and all of the other crucial documents you need to put in place as you develop your estate plan. But what about your family heritage? When you pass away, you may be taking some valuable information with you....