Tag: Estate Planning
You may still be able to protect your family interests even if you’ve waited. Should you be faced with the prospect of impending death you may still have the time to create an estate plans as NASDAQ recently posted in the article “6 Estate Planning Tips for Those Approaching Death,” including: Make sure to get […]
There are programs available that allow you to design your own estate plan, but beware of the problems. The do-it-yourself estate plan may seem simple but can create some serious problems, according to the Northwest Indiana Business Quarterly article “Dangers of DIY Estate Planning.” The article discusses many potential pitfalls of creating your own estate […]
Two of the keys to estate planning are wills and trust, but what does one actually need? Wills and trusts are two of the key strategies for passing on assets in estate planning—with a trust generally being the most complicated. The Brainerd Dispatch recently discussed whether a trust is necessary in “Commentary: When does it […]
There are some documents that everyone needs for estate planning, but there can be additional requirements depending on how complex the estate gets. Some estates are simple, and some estates are very complex and require many, many legal documents; however, all estates need a few basic documents as discussed by the Chicago Tribune in “Documents […]
When it comes to the business of family farming, there are special considerations to passing on assets to one’s heirs through estate planning. Farms generally do not only include land and crops but a pretty expensive tax liability from farm equipment, and they often lack liquid assets to pay taxes as Ohio’s County Journal and […]
Estate planning can help make sure any transfer of wealth goes smoothly. Members of the Baby Boomer generation have made a considerable impact on the country and are about to make another one as they inherit from the previous generation and then pass it on to their children, according to Huffington Post Canada in “Estate […]
There are many, many answers for the best time for estate planning. The best time for estate planning for you is when you are thinking about getting an estate plan, but as the Lowell Sun points out in “Summertime is right time for estate planning,” other answers are also possible. The article suggests that getting […]
Same-sex couples would be wise to get an estate plan rather than just depend on new legal protections. If same-sex couples get married in the U.S. today, they enjoy legal protections, but the Huffington Post recently gave some tips for same-sex couples in “5 Estate Planning Tips LGBT Families Need To Follow In 2016,” including: […]
Everyone, including lifelong singles, should have an estate plan. If you are not married and do not have any children, you might think you do not need an estate plan, but the NWI Times recently addressed this in “Single childless adults need to plan too.” As the article points out, if such a person passes […]
You do have an estate, and if you don’t have a plan, a court steps in and handles it … and perhaps not the way you’d like it done. We are all aware of the estates left behind by the very wealthy and don’t think of the term “estate” for the ordinary person, but as […]
