Archive for 'Estate Planning' Category
Estate planning is one of those responsibilities that people generally don’t enjoy addressing. Most people have an endless array of excuses for why they continue to procrastinate about estate planning. They have big financial moves in the works or intend to expand their families soon. They may feel like they are still too young and […]
Estate planning is rarely a straightforward process. And for those who have considerable assets, planning for long-term care needs and eventually distribution to beneficiaries can be particularly challenging. One option that can help individuals to achieve their estate planning goals is to set up trusts, although not all trusts are the same. Understanding the basics […]
One of the more common reasons that people delay formal estate planning is concern about the expense involved. Many people worry that they may have to spend thousands of dollars putting together documents and reviewing their financial records with an attorney. Some lawyers capitalize on that economic concern by engaging in deceptive marketing practices. They […]
Many people focus on passing down assets in their estate plan, but that’s not the only thing a comprehensive estate plan does. It should also outline your preferences for your end-of-life care and care in the event that you’re incapacitated due to illness or injury more broadly. When you’re getting the plans sorted out, you […]
Trusts are legal arrangements wherein assets are held and managed by a trustee on behalf of the trust’s beneficiaries. These allow for customization in the way assets are handled and may be included as part of a comprehensive estate plan. Trusts can be tailored to meet specific family needs, tax planning goals and philanthropic desires. […]
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