Estate Planning Basics – It's not about Money
Estate planning is not just for the rich. It is for anyone that cares about their heirs. In fact, most aspects of estate planning basics have little to do with money. Estate planning basics do address the eventual and economical distribution of your possessions and authority but more importantly, how you take care of your loved ones. Many of you [...]
Categories: estate planning Tags: estate planning
Last Year Americans Wasted $25 Billion in Estate Taxes, Will You Join Them?
The Annual Report on the United States Government reports that Americans paid $25 Billion in estate planning tax. Every dime of those taxes could have been avoided. How do you think the kids felt when they wrote out a check for $300,000 for estate planning tax and then learned from the estate planning attorney that mom and dad could [...]
Categories: estate planning, estate tax Tags: estate planning tax, estate plannning strategies, estate tax
Will Preparation-Do You Really Know Who Gets What?
Perhaps you have made your will and now you think you know where your money will go. Think again! Is there a new child, a new spouse, or was there a death in your family? If so, then take these changes into account in your will. Or what if after you pass, things as they are now change–will those heirs you [...]
Categories: wills Tags: per stirpes, percapita, simple will, will preparation
Will Planning and Will Preparation
Will planning, trust planning and estate planning is not just for older people. It’s for anyone that wants to avoid heartache for those they love. It’s simply a asset of instructions to distribute property to those who you want to have your property. If you have a will your property will go to those you want to have it and [...]
Categories: estate planning, trusts, wills Tags: trusts, wills
Trust Income for Your Beneficiaries
One of the topics we cover on this blog is estate planning as its unlikely you will spend every last dime before you die. So let’s consider trust planning and how to leave assets to your heirs, just in case there’s some money left over. I am a big fan of leaving money in trust to provide trust income to [...]
Categories: estate planning, trusts Tags: beneficiaries, estate planning, trusts, trusts planning
Estate Planning Services-Not Just for the Wealthy
You may hear a lot about retirement planning. Estate planning is an essential part of retirement planning although many people aren’t aware of all that it encompasses. So they put it off until it’s often too late. Many assume that trust and estate planning is for the wealthy. But that’s not so. Let’s take a look at what estate [...]
Categories: estate planning Tags: estate planning
Estate Planning Checklist
Help your spouse (or relative) settle your estate now – while you can! Use this estate planning checklist for your loved ones so that they don’t need to organize a mess of information. Don’t hesitate to ask your retirement advisor for assistance. We collect and lose a lot of information about what we have. Do you know where your insurance [...]
Categories: estate planning Tags: estate planning checklist, estate tax planning, retirement advisors
