Should I Use a Bank as My Executor Instead of a Family Member?
What are the advantages, disadvantages and financial implications of appointing the bank as an executor of my will, instead of my child or relative?
Why is Ashton Kutcher So Stingy with his Kids’ Inheritance?
In a recent episode of the Dax Shepard podcast "Armchair Expert," Kutcher said he wasn't creating trust funds for his two children with his wife, Mila Kunis.
Estate Planning for Family Harmony This Holiday Season
As Thanksgiving approaches, it’s meaningful to reflect on the origin of the holiday–Native Americans and pilgrims sharing their bounty of food with each other. As you gather with your loved ones this year, perhaps you can think of ways to share not only your dinner, but also your financial bounty.
Who Should I Name as Trustee of My Trust?
Having a trust is just one important piece of the puzzle, when planning for your financial legacy. Another piece: your trustee.
Will We Have to Pay Gift Taxes if We Give Property to a Child?
How should we best do this, so that we avoid future gift taxes?
Strategies for the “Sandwich” Generation
You do not have to be raising young children to be in the sandwich generation. Your children might be adults but need financial help, because of student loans or other financial pressures.
What Does an Executor Actually Do?
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
Not Having a Will Should Scare You
Your will is one of the most important documents you will ever sign. However, to think that over 70% of people don’t even have a will is, indeed, quite frightening.
Blended Families Need More Thoughtful Estate Plans
When the first spouse dies, the surviving spouse may not remain as close with his or her stepchildren. Small irritations which were overlooked during the lifetime of the spouse who died, may become outright disputes.
A Good Estate Plan Equals Peace of Mind
More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets.