If you’re married, you may be wondering what happens to your assets once you or your spouse passes. The answer to that question depends on various factors, including whether or not you have a marital trust. Marital trusts have multiple…
What Does Right of Survivorship Mean? What Does Right of Survivorship Mean? It is a right granted to joint property owners that ensures the transfer of one owner’s stake to the remaining property owner(s) in the case of his or her…
7 Tips For Setting Up A Trust For Your Children When creating trusts, parents are faced with tough decisions about how to leave their assets to their children. While each person needs to consider their own situation and unique children,…
Make Your Estate Creditor-Proof. Here's how to ensure assets go to your heirs. Ensure your assets go to directly to your loved ones instead of through probate. When you pass away, the tax man isn't the only one who can take…
Passing Assets to Grandchildren Through a Generation-Skipping Trust Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and…
Reviewing & Updating Your Estate Plan Once you have established your estate plan, make sure it stays sound by revisiting it at regular intervals or at key life events. Many people review their estate plan at a regular frequency, often…
The Role of a CPA in Estate Planning Undoubtedly, just about every individual should create an estate plan as soon as feasibly possible. Many people harbor the misconception that an estate plan is only necessary for the rich or individuals…
Can a Financial Advisor Help With Estate Planning? Estate planning may conjure images of a lawyer's office and mountains of paperwork. While your estate planning attorney is an essential professional, your financial advisor can also play a significant role in…
Estate Planning for People With No Heirs What to do with your estate when its inheritor isn’t obvious. One of the most important parts of estate planning is determining how to divide your assets. But what if you don’t have…
National Estate Planning Awareness Week is October 17 - 23, 2022 National Estate Planning Awareness Week was adopted in 2008 to help the public understand what estate planning is and why it is such a vital component of…