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Estate Planning Archives

The four reasons single parents should set up an estate plan

Most people presume that a comprehensive estate plan is unnecessary until you are retired and wealthy. It is true that trusts are essential tools to minimize estate taxes, provide for charities, and ensure loved ones are able to benefit from your hard work.

Estate planning lessons learned from our parents' mistakes

Dealing with a parent's diminishing physical and/or cognitive health can be both emotionally and financially draining. The same is true when a parent passes away, as many adult children are left to sort out not only their own complex feelings, but also complex estate matters.

Things to consider when selecting an executor for your estate

Most people are familiar with the estate planning document known as a last will and testament. Frequently regarded as the most basic of all estate planning documents, via a will, an individual can express his or her wishes with regard to the distribution of assets and personal belongings.

Fear and intimidation common reasons for avoiding estate planning

While most people know that they should take steps to plan for what happens to their assets and belongings after they die, an alarming number of U.S. adults don't even have a will. In fact, according to an April 9, 2014 article in Forbes, 51 percent of Americans between the ages of 55 and 64 don't have wills

Estate tax savings strategies

Individuals who take the time to establish an estate plan, often spent years creating and updating its provisions as their lives and financial and familial circumstances change. In cases where an individual has amassed a considerable amount of assets and plans to leave all or a portion of his or her wealth to children and grandchildren, it's important to seek the advice and assistance of an estate planning attorney.

If you prefer to do your estate planning 'quietly'

We have previously written about the benefits of sharing one’s thoughts about estate planning with one’s family and close friends. Especially if there is a risk that one’s estate plan will be fought over by frustrated relatives, talking about one’s estate plan in the open can help to ensure that such fighting is preempted.

For parents, issues surrounding equality and estate planning can be complex

Anyone who grew up with one or more siblings can likely recall a time or two when you felt jealous of a brother or sister or that your parents favored a sibling over you. Many parents work very hard to try to create a family environment in which each child feels that they are equally loved, appreciated and supported. However as children grow and age, inevitably, there will be times when one child needs more attention or financial support.

How To Provide For Everyone In Your Blended Family: part II

In our last blog post, we began discussing ways that individuals with blended families can tailor their estate plans to provide for loved ones as they see fit. In our last post, we discussed how individuals who have children from a previous marriage or relationship and are now remarried, can use a prenuptial agreement to ensure that the bulk of one's estate goes to one's children.

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