When creating your estate plan, you may consider creating a revocable living trust. Many people choose to include this tool in their estate plan because of its many benefits. We've outlined answers to some of the most common questions regarding the use of revocable living trusts. If you have any additional questions, or if you'd like to create a revocable living trust, consult with a qualified estate planning attorney.What are the benefits to creating a revocable living trust?A revocable … [Read more...]
Questions to Ask Yourself When Doing Your Estate Planning
When handling your estate planning affairs, you will need to think about difficult issues. It’s important to sit down and ask yourself some important questions so that you’re able to develop (with the help of your estate planning attorney) a great plan that meets your needs. Take a look at some of the information below to learn more. If you have any questions or if you’d like to start your estate planning, contact a qualified estate planning attorney. When evaluating your goals, ask yourself … [Read more...]
It’s Never Too Early for a Will
Many clients assume that a will is something that should be created later in life. They think, “Only old people need wills.” No matter what age you are, it’s important to consider your estate planning needs.If you’re over the age of 18, it’s time to create a will. Without a will, you’re not able to be in full control of your affairs. Take a look at the information below to learn more. If you have any questions, or if you’d like to execute your will, meet with an estate planning … [Read more...]
Answers to Your Revocable Living Trust Questions (part 1 of 2)
If you are planning your estate, you may be considering creating a revocable living trust. This type of trust offers many benefits. We commonly receive questions regarding the use of a revocable living trust. We've taken the time to outline answers to some of the most common questions. If you have any additional questions or if you'd like to create a revocable living trust, meet with a qualified estate planning attorney.What is a revocable living trust?A revocable living trust is a … [Read more...]
Have You Considered Your Estate Planning Needs?
Many people put off their estate planning. It’s important to carefully plan out your estate ahead of time so that you have full control over how your affairs are handled. We’ve taken the time to compile a list of common estate planning needs to help you get started with your planning.If you have any questions about the following information, or if you’d like to get started with your estate planning, consult with a qualified estate planning attorney.Have you outlined how you’d like your … [Read more...]
How to Avoid Estate Tax
Your estate planning attorney can help you to minimize or completely avoid estate tax. Some professionals call estate tax a “voluntary” tax because you only volunteer to pay it if you don’t plan.You can avoid estate tax by:Creating a life insurance trust (ILIT) to own life insurance policies on your life. If you don’t own it, it’s not taxed at your death. Gifting $13,000 to as many individuals each calendar year as you would like. Paying tuition costs for as many individuals as you … [Read more...]
Your Estate Plan: Common Mistakes to Avoid (part 2 of 2)
Taking the time to create an estate plan is an important and necessary part of life. Many people create their plan because they understand the importance of being prepared during their lifetime, and after death. An estate plan is only effective if some of the most common mistakes are avoided.Take a look at the information below to learn more. If you have any questions, or if you’d like to create your estate plan, meet with a qualified estate planning attorney.When was the last time that … [Read more...]
Your Estate Plan: Common Mistakes to Avoid (part 1 of 2)
Many people take the time to start their estate plan. The estate planning process can help to prepare people for their present, future, and after death affairs. Unfortunately, while many people take the time to plan, they also forget some other important things that may hurt their planning.Take a look at the information below to learn more. If you have questions about your estate plan, or if you’d like to create your plan, meet with a qualified estate planning attorney.Do you have any of … [Read more...]
How to Begin Your Estate Plan
It can be overwhelming and stressful having to think about beginning your estate plan. Taking the time to think about your goals can help to make the process much easier.Take a look at the information below for tips on how to begin your planning. If you have any questions, or if you’re ready to create your estate plan, meet with a qualified estate planning attorney.Make a list of your assets. You will need to figure out most of your assets and their value. This will help you determine … [Read more...]
8 Estate Planning Tips (Part 1 of 2)
If you’re thinking about starting your estate planning, you may have a lot of questions. It’s important to take care during the estate planning process so that you have a plan that meets your needs and is error-free.Take a look at the following estate planning tips. These tips will help you get started with your estate planning. If you have additional questions or if you’d like to start your planning, meet with an estate planning attorney.Don’t put off your planning. Many people assume … [Read more...]
