There’s a saying in estate planning circles that the only people who pay estate taxes are those who don’t plan not to pay estate taxes. While this doesn’t cover every situation, there is a lot of truth to it. A recent article from Financial Advisorentitled “Estate Planning In This Particular Time of Uncertainty” offers strategies and estate planning techniques to […]
How to Plan in a Time of Uncertainty Read More »
As an avid Twins fan, I had an eye on last weekend’s MLB draft. In baseball, like most sports, it’s better to draft the best player available instead of a player who fit’s the team’s current needs. The same is true in picking your Trustee. We may think it’s an honor to name a child
What’s Involved with Being a Trustee? Read More »
Parents of children with disabilities often worry about how their child will manage when they are no longer able to provide care. This concern is especially pressing when the child relies on means-tested government benefits like Supplemental Security Income (SSI) or Medicaid. These programs have strict asset limits—usually just a few thousand dollars—so leaving money
Estate Planning for a Child with Special Needs: How a Supplemental Needs Trust Can Help Read More »
What Is a Trust Fund? A trust fund is a legal entity you create that takes ownership of your assets and ensures that they’re used in a way that’s beneficial to your loved ones, explains Yahoo Finance’s article entitled “How to Start a Trust Fund the Easy Way.” Trust funds are commonly used in estate
How Do I Create a Trust? Read More »
If you don’t plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone, says Kiplinger’s recent article entitled “Your Vacation Home Needs an Estate Plan!” Speaking with your spouse and children is a good first step to help determine interest in retaining the property for the
Your Vacation Home Needs an Estate Plan! Read More »
Does Your Estate Plan Need a Revocable Trust? The answer depends on the types of property you own and the goals you have for your estate plan. An estate plan should be prepared to solve your specific current and foreseeable issues – no more or less. When clients don’t own any probate assets, a revocable trust
Should I have Revocable Living Trust in Estate Plan? Read More »
Recent studies suggest that spending time with grandchildren may do more than bring joy—it could actually extend a grandparent’s life. New research shows a strong link between occasional caregiving and longer life expectancy in older adults. According to a study published in 2017 and highlighted in a June report by Considerable, grandparents who regularly babysit
Grandparents Who Babysit May Live Longer, According to New Research Read More »
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