Trusts & Taxes: What You Need to Know
[vc_row][vc_column][vc_column_text] People often come to us curious — or confused — about the role trusts play in saving on taxes. Given how frequently this issue comes up, here we’re going to explain the tax implications associated with different types of trusts in order to clarify this issue. Of course, if you need further clarification about […]
10 Common Estate Planning Mistakes Your Family Can’t Afford to Make—Part 1
[vc_row][vc_column][vc_column_text] Because estate planning involves actively thinking about and planning for frightening topics like death, old age, and crippling disability, many people put it off or simply ignore it all together until it’s too late. Sadly, this unwillingness to face reality often creates serious hardship, expense, and trauma for those loved ones you leave behind. […]
Protect Your Children’s Inheritance With A Lifetime Asset Protection Trust
[vc_row][vc_column][vc_column_text] As a parent, you’re likely hoping to leave your children an inheritance. In fact, doing so may be one of the primary factors motivating your life’s work. But without taking the proper precautions, the wealth you pass on is at serious risk of being accidentally lost or squandered due to common life events, such […]
Preventing Family Conflict And Disputes Over Your Estate Plan
[vc_row][vc_column][vc_column_text] No matter how well you think you know your loved ones, it’s impossible to predict exactly how they’ll behave when you die or if you become incapacitated. No one wants to believe that their family members would ever end up fighting one another in court over inheritance issues or a loved one’s life-saving medical […]
Why Putting Your Family Home In A Trust Is A Smart Move—Part 2
[vc_row][vc_column][vc_column_text] If you are like many homeowners, your home is likely your family’s most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible when you die or in the event you become incapacitated by […]
Why Putting Your Family Home In A Trust Is A Smart Move—Part 1
[vc_row][vc_column][vc_column_text] If you are like many homeowners, your home is likely your family’s most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible when you die or in the event you become incapacitated by […]
Think You Are Too Young to Need An Estate Plan? Think Again
[vc_row][vc_column][vc_column_text] The pandemic has caused Americans to change their behavior in a number of different ways, and one of the most positive of these changes is related to estate planning. For the first time since the study’s inception, Caring.com’s 2021 Wills and Estate Planning Study found that young adults are now more likely to have […]
2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?
[vc_row][vc_column][vc_column_text] Even if you put a totally solid estate plan in place, it can turn out to be worthless for the people you love if it’s not regularly updated. Estate planning is not a one-and-done type of deal—your plan should continuously evolve along with your life circumstances and other changing conditions, such as your assets […]
Estate Planning 101: Wills vs. Trusts
[vc_row][vc_column][vc_column_text] Wills and trusts are two of the most commonly used estate planning documents, and they form the foundation of most estate plans. While both documents are legal vehicles designed to distribute your assets to your loved ones upon your death, the way in which they work is quite different. From when they take effect […]
4 Things Trusts Can Do That Wills Can’t
Both wills and trusts are estate planning documents used to pass on wealth and property to loved ones upon death. However, trusts come with some distinct advantages over wills that you should consider when creating your plan. That said, when comparing the two planning tools, you won’t necessarily be choosing between one or the other—most […]