Estate Planning

Once you start your estate planning and draft a will, you may need to consider making a trust. A trust is a legal arrangement between you and a trustee. The trustee is responsible for managing trust funds, including distributing assets to beneficiaries and protecting...

You may have had family members or friends talk about their will. It may not have been a long conversation because wills are very personal to each individual. So, you may not know what the purpose of a will is or why you need one. What is a will? A will is a legal...

Most people use a standard will as the central pillar of their estate plan. They use it to detail what should happen to the assets they own when they die. Yet some people prefer to base their estate plan on a revocable living trust, instead. The main reason people do...

Most people see estate planning as a way of determining who will receive your possessions when you die. While this is a crucial thing to cover, an estate plan can and should do much more Here are three goals that you should consider using your estate plan to achieve:...

Having an estate plan is a crucial step in guaranteeing the protection of your loved ones and your wishes when you are no longer around. An estate plan typically includes a will, trusts, powers of attorney and beneficiary designations for life insurance policies,...

Imagine being incapacitated and unable to communicate your medical wishes due to a serious injury or sudden illness. Family members may have different opinions on what should be done, which can lead to disagreements and strained relationships among loved ones. Your...

You may have spent decades building up your business and creating a financial empire – but all of that could come to an end when you die because you didn’t plan ahead. Business succession planning is a critical part of estate planning for small (and larger) business...

You may want to leave as much as possible behind for your loved ones – a parting gift that will make their lives easier through access to the assets you pass on. However, if you really want to make a difference in the lives of your loved ones and be remembered for a...

Creating an estate plan allows you to provide your loved ones with instructions about how to handle your assets after you pass away. This is done by writing out a will, but it can also be accomplished by setting up trusts.  When you look into trusts, you’ll notice...

Mindful estate planning is about more than designating which assets you’ll leave to which beneficiaries. It also involves understanding any potential negative consequences of those inheritances and – if possible – taking steps to minimize them. For example, if you’re...