Who Takes Care of My Pet When I Die?
Learn more about the personal-finance aspects of pet insurance and pet estate planning.
What Happens When Blended Families Ignore Estate Planning?
In standard estate plans, a surviving spouse often has no legal obligation to stepchildren.
Trusts Prevent Delays for Loved Ones
Your family may struggle to get the money you leave them if it gets caught in probate. Set up a trust to ensure that your loved ones are secure, even when you’re gone.
Can You Support a Child with Special Needs?
Families that include individuals with special needs require planning to secure their loved ones’ security in the future, both in legal and financial terms. There’s usually no expectation of the child becoming an independent adult, so careful planning is needed, as advised in the recent article “Financial Planning for Families with Disabilities” from Wealth Management. Many families neglect planning for their retirement, focusing all their resources on developing a plan for their disabled child. However, retirement and their child’s future need to be secured, which is where an estate planning attorney can help. In 2014, Congress created The Achieving a…
Estate Planning Checklist to Keep You Focused
For people nearly or newly retired, who potentially still have decades ahead for their assets to compound and grow, estate taxes are a huge concern.
Estate Planning Questions for Couples with a Big Age Gap
For couples with an age difference of 10 years or more, assets need to last significantly longer to cover both of their retirements, making the risks of missteps higher.
Who Gets Access to Your Digital Assets Account When You Die?
From engaging with people professionally and personally, to posting photos, storing files and accessing our bank account information, this all represents what’s known as our ‘digital legacy.’
Another Lesson in Updating Beneficiary Designations
Although the beneficiary designation in a 401(k) plan was old, and tied to a previous relationship, a federal court concluded that it was nonetheless valid.
IRS Postpones Required Withdrawals from Inherited Retirement Accounts
Withdrawals from traditional inherited retirement accounts are treated as income by the IRS, so the timing of these distributions matters for tax strategy.
Business Owners and Estate Planning: Special Concerns
For most business owners, the business is the most valuable item on their balance sheet.
