As more and more individuals get comfortable in the digital world, Estate Planning has changed to address the collection and transfer of digital assets. The widespread use of a legacy contact allows owners of digital content to determine what will happen with it after they die. Read on to learn more.
In this modern era, traditional gender roles are fading fast. Gone are the days of Donna Reed and June Cleaver. However, gender still makes a difference. One of these ways is estate planning. But, why? Women continue to live longer than men do. In fact, according to MsMoney.com 75% of women will become widows at some point … Read more
Individuals who undertake Estate Planning want to ensure that their plan works the way it’s intended. When clients neglect to consider Estate Planning on a regular basis, they set themselves up for failure. Waiting until an emergency arises almost guarantees that the plan will fail when needed the most. Estate Planning completed under duress can lead to unfavorable results. Read on to learn more.
If you don’t know what the probate process entails, it is something you may want to learn more about in the near future. While you never know if you will be faced with this process, there is a good chance you will at some point down the road. When a loved one dies, it is … Read more
Most taxpayers understand that to receive the benefit of charitable deductions, they need to itemize their income tax deductions. However, in the wake of the pandemic, Congress passed legislation allowing even those who take the standard income tax deduction to benefit from a charitable income tax deduction. Read on to learn more.
As you plan for the future, you must come to grips with the fact that you could one day be incapacitated. And if that happens, you’re unable to make your own medical decisions. Fortunately, with a medical power of attorney, you can make these decisions in advance to ensure that you receive the appropriate care. … Read more
When we learned of the original provisions in the Build Back Better Act, many individuals panicked, rushing to complete Estate Planning or seeking to undo certain aspects of their estate plan. As the Build Back Better Act has evolved, many wondered if they should have waited before making significant changes to their estate plan. No matter what happens with the Build Back Better Act, an estate plan centered on long-term goals will serve you well. Read on to learn more.
Who will get your assets at your death? Do you think you know? You may not. While you probably know who is listed in your Will or Trust, most of us have significant value in assets that are not controlled by either a Will or Trust. Examples of assets not governed by your Will or … Read more
Your children have always meant the world to you. You’ve done everything within your power to meet all their needs and ward off dangers. You’ve always kept a watchful eye out for them, whether it’s when they were swimming in the ocean or wandering too close to the edge of the Grand Canyon. You’ve met … Read more
More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.