Being faced with our own death is one of the most difficult challenges we will ever face. But we need to be very thoughtful about the medical treatment we would want during that trying time. Today’s medical technology can keep…
Five Common Real Estate Contract Mistakes In a property transaction, a real estate contract defines the roles and obligations of each party. Clauses and contingencies may be attached to the contract. You should read and understand your contract, paying special…
Using Life Insurance as Part of Your Estate Plan A grieving loved one should not inherit assets, only to discover that they cannot be used for the expenses they will be responsible for after your death. In order for retirees…
Default of a Parent on Support Obligations When one parent defaults on financial or custody arrangements, parenting children after divorce can be challenging. Divorce doesn’t solve these problems but changes them. You should let your head rule your decision-making and…
U.S. Wealth Transfer: Greatest in History In human history, there has never been a financial time like this. Getting ready to transfer their legacies through estate plans puts America on the cusp of the largest wealth transfer in history. According…
Basic Trust Types For an Estate Plan For estate planning purposes, wills and trusts have unique and quite different benefits. States have different laws and regulations regarding these legal documents. Both a will and a trust can be used; however,…
Real estate and estate planning Property ownership, transactions, and estate planning can overlap in many ways, such as asset protection and tax consequences. The creation of an estate plan that works seamlessly with your real estate interests can save your…
Much More to a Will Than Transferring Assets According to Care.com’s annual estate-planning survey for 2019, 57% of American adults do not have a Last Will & Testament (a “Will”). Based on the results of the survey, participants were more…
The conflict between deeds and wills or trusts You might think that leaving your property to your heirs would be easy. Making a will or a trust, attaching a transfer-on-death deed to your real estate, naming your children as beneficiaries…
The danger of adding kids to bank accounts My plan is to leave my bank accounts to my children after I pass away. Can’t I simply make them joint owners? Despite the fact that it sounds good, that idea is…