There are many times in life when someone may need to review their estate plan and make certain changes. Maybe they got divorced and need to remove their spouse from their paperwork. Perhaps they just had children and need to add guardian information to their will and...
Estate Planning
Just bought your first home? You may need an estate plan
Purchasing your first home is a huge accomplishment. The happy memories you create will transform it from a mere residence to a meaningful part of your life, and it’s natural for you to want to preserve your home for future generations. The first step you should take...
Could a Totten trust beef up your estate plan?
If you’re reading this post, you likely have a few people and/or organizations you want to include in your estate plan. Fortunately, there are a few options to consider when planning to leave something behind for these people. Totten trusts, also known as...
Will estate taxes reduce what your loved ones inherit?
A lifetime of hard work, self-denial and careful investing will lead to financial security for you later in life. It will also put you in a position to leave a meaningful legacy for your children and grandchildren. You might also want to leave money to a non-profit...
What happens if you’re incapacitated?
Your estate plan should include instructions about what you want to happen to your assets when you pass away. There’s another aspect of this planning that has to do with what happens if you become incapacitated. When you can’t make decisions for yourself, someone has...
3 estate planning considerations with divorce
Going through a divorce means you’re dealing with many changes in your life. Some of these involve factors like where you’ll live and when you’ll have your children. Many people don’t think about their estate plan when they’re going through a divorce, but it’s crucial...
3 common reasons people add trusts to their estate plans
People in different social situations and stages of life will have very different estate planning needs. For example, a new adult preparing to leave for college may primarily require powers of attorney and healthcare directives in case of a medical emergency as they...
Options for paying for long-term care
Your estate plan should cover the possibility of having to pay for a year or more of long-term care. Without a plan, this possibility could wipe out savings and diminish your legacy. Several strategies exist for finding the means to pay for time spent in a residential...
How can you prevent sibling spats over estate plans?
Estate plans can cause a lot of grief for both expected and unexpected reasons. Sibling disputes that arise in response to them may fall into either category. But are these disputes preventable? If so, how can you help lower the chances of one happening? Rekindling of...
Choosing a long-term care facility for your elderly loved one
Discussing end-of-life care for a loved one is often difficult, especially when multiple family members insist on giving their input. However, if you have power of attorney for your loved one and carry the responsibility of making medical decisions on their behalf,...

