You will sometimes see interviews with excessively wealthy individuals, such as billionaires or multimillionaires, who say that they are not going to leave this overwhelming wealth to their children. They may leave them a small amount or they may leave them nothing at...
Month: December 2023
The importance of digital estate planning
It is undeniable that the lives of most American adults are increasingly intertwined with the online world. From social media accounts to digital assets like cryptocurrency, each individual’s digital footprint is vast and often of significant value, both financially...
3 examples of family heirlooms to include in an estate plan
When it comes to estate planning, the inclusion of family heirlooms adds a unique layer of significance and complexity. These cherished artifacts not only carry sentimental value but also contribute to the financial and emotional legacy that someone leaves behind....
3 key responsibilities of an executor
Few roles carry greater responsibilities than being an executor of an estate. Essentially, an executor is tasked with carrying out the precise instructions of a will and handling other matters regarding the estate. Nonetheless, the precise responsibilities of an...
4 more trust options
A trust is a legal document that can help avoid estate taxes, probate and disputes and ensure assets are distributed to beneficiaries. The grantor can place assets in a revocable trust, which allows the grantor to alter the contents of a trust at any time. When the...