Do You Need a Power of Attorney When Diagnosed with a Serious Illness?
If you or a loved one is living with a chronic disease, such as Parkinson’s, multiple sclerosis, or Alzheimer’s, your estate planning likely should reflect that challenge.
What Do I Tell My Children About Their Inheritances?
Parents' instincts to protect their children can cause them to hold back on some important truth-telling about the kind of inheritance they might expect, but that could be a big mistake.
Do You Have a Pet Trust?
A pet trust is a legal arrangement that specifies how your animal companions would be cared for and taken care of financially if you pass away, or if you become ill or disabled and can no longer take care of them yourself.
What Can I Do with a Trust to Help My Kids?
There are mechanisms that you can put in place through a trust to help your children become financially responsible with their inheritance.
How Does a Life Estate Work?
When you use a life estate, how does it work? What are the restrictions and who pays the property taxes and other expenses for the home?
How Much Money Should I Put into a Special Needs Trust for my Child?
Anyone with a child with special needs understands the need to prepare for the future. A trust is always a good place to start, and figuring out a savings goal for that trust is a key part to your planning.
Avoiding a Family Feud When Choosing a Power of Attorney
Deciding who gets the power of attorney is an important step for parents looking to organize their estate and plan for a future without them.
How to Design an Estate Plan with a Blended Family?
No one marries with the intention of getting divorced, but about half of all marriages in the U.S. will end in divorce. Divorce and second marriages can complicate the process of estate planning and present a number of challenges.
Do I Need a Spendthrift Trust for a Relative?
Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that.
Is Having a Will Really Such a Big Deal?
Your obligations to your family or loved ones do not stop, even if you have already passed on. If your family, especially your children, are still heavily dependent on you, you can still provide for them through proper estate planning, even if you are no longer present.