Parents often find it difficult to talk to their children about their estate plans. It can be difficult to talk at length about personal resources and finances with adult children who have begun running their own households. Many adult children anticipate receiving a...
Month: October 2023
A living will can help you prepare for the unexpected
Imagine a scenario where you find yourself incapacitated and unable to communicate your wishes regarding medical treatment. In such moments of vulnerability, is there anything you can do now to ensure your values and medical preferences are respected? The short answer...
What if an heir is too young for their inheritance?
When making your estate plan, you may be concerned about the age of one of your heirs. Maybe you want to leave them an inheritance, but they are young and impulsive, so you’re afraid that they will just waste any money that you leave to them. Or perhaps they are not...
Why an irrevocable life insurance trust is invaluable
One tool stands out as an invaluable asset in finance and estate planning: the irrevocable life insurance trust (ILIT). This powerful financial instrument serves various purposes, from helping protect your family's financial future to minimizing tax liabilities....