And why you need both in your estate plan You’ve worked hard for your family most of your life. Naming beneficiaries can keep all your hard work you’ve provided to benefit your family where it belongs, ensuring generational wealth. When it comes to naming beneficiaries, you’ll need a primary beneficiary and a contingent beneficiary. But do you need both? Once Continue Reading →
You’re in love. It doesn’t matter if you have a piece of paper to prove it, right? In the grand scheme of life that would be a true statement. However, that sentiment wouldn’t hold up in court, especially when your other half is up against family members in the event of your death. We realize social norms Continue Reading →
All you need to know about Power of Attorney in Estate Planning Power of Attorney: Legal Words You Need to Know Principal: If it’s your estate plan, you’re the principal when it comes to the Power of Attorney document. Agent or Attorney-in-Fact: the person you are naming as your Power of Attorney Incapacitated: When a person Continue Reading →
“Say not you know another entirely till you have divided an inheritance with him.” -Johann Kaspar Lavater Leaving money to the family—especially your children if they’re financially irresponsible—is different than a business transaction. It’s chock full of emotion, and if you don’t plan carefully, heated arguments may ensue which could squander your hard-earned money in the process. Good thing Continue Reading →
The kids are grown and flown, now is the time to update your will and estate plan and focus on your future You’ve devoted 18-plus years to giving your child wings to fly on their own, and now you’re faced with an empty nest, but there’s nothing empty about the future—you now get to focus on and plan for yourself! Continue Reading →
Paying for college, moving out, getting a job, and starting plans for the future are just some of the things an 18-year-old usually has on their mind after graduating high school. Hence, writing a last will and testament is probably the last thing they’re thinking about. After all, not many 18-year-olds have much to leave as far as an inheritance, Continue Reading →
Almost everything can be done online these days, and most of the time, it makes our lives easier and saves time. But should you download and fill out a generic will online because… “I live a boring, generic life that never changes” — said no one ever. In all seriousness, we know people value their time and money, Continue Reading →
When you hear the word ‘legacy,’ what comes to mind? For some, maybe it means becoming famous or well-known for your contributions to the world, even if just to your family or immediate community. For others, it may mean building wealth that will surpass your lifetime. Others may think of close family connections and ancestry. If you’re thinking of Continue Reading →
It’s common for young families to put off estate and will planning for several reasons. Perhaps they feel they have “plenty of time” because they are young and healthy. They feel thinking about death is too depressing. Or maybe it’s just a simple fact that they don’t think they have enough assets to warrant a will. In any case, Continue Reading →
This is for all the parents out there. If you have one, two, three or more children then it’s important to know how you can secure their future and incorporate them into your estate plan. There are different ways to go about this depending on the following: Your child or children are under the age of 18 and legally Continue Reading →