Some Must-Have Documents are Always Needed
Since we’re all going to die (yes, even those of us who are still in our 20s!), we might as well make things easier for the loved ones who, along with grieving our loss, will have to deal with the financial and logistical pieces of our lives.
Do I Need a Generation-Skipping Trust?
Due to recent tax law changes, your family may be able to avoid adverse federal estate tax consequences when you leave assets to your adult children.
What Is a Pour-Over Will?
A pour-over will can be an important part of a person’s estate planning checklist.
Adult child: Can I Make Decisions for My 18-Year-Old ‘Kid’ If She Becomes Incapacitated?
Incapacity can occur because of illness or an accident. It can be temporary or permanent. That’s why every adult needs a power of attorney in place, once they turn eighteen.
What Is the Best Way to Leave Money to Children?
Providing for future generations shouldn’t be (overly) taxing. To manage taxes as you pass down your assets, look into UTMAs, 529s, child IRAs and trusts.
What are Benefits of Putting Money into a Trust?
Grantor retained annuity trusts, intentionally defective grantor trusts, spousal lifetime access trusts, oh my! If you overhear two estate planning attorneys at a coffee shop, it would not be unreasonable to think that all clients have estate plans filled with trusts.
What Happens Financially when a Spouse Dies?
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
Why Is Having a Will Important?
A striking proportion of Americans don’t have one. Nontraditional families are left uniquely vulnerable.
What are the Most Important Estate Planning Documents for Seniors?
When it comes to death and disability, your will alone might not be enough.
When Should I Update My Will?
There are some obvious triggers that might prompt you to update your will, such as changes in health or marital status. There are, however, also some not-so-obvious ones to be aware of, according to financial planners and attorneys.
