What To Consider When A Parent Is Out Of Town
Ensure the care of your minor children when you're away with a Delegation of Parental Authority. Learn what to consider when a parent is out of town.
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Can I Leave My Spouse Out of My Estate Plan?
The relationship between spouses holds a unique significance, this is also the case in the context of estate planning. While you can generally choose to exclude certain individuals from your estate plan—such as parents, siblings, and adult children—special legal protections exist to prevent a spouse from being disinherited.
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Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?
Pension and retirement accounts often form a large portion of an individual’s wealth and should be accounted for in an estate plan. The benefit and beneficiary rules applicable to different types of retirement accounts vary and should be discussed with an estate planning attorney, especially with the recent passage of the SECURE Act.
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To the Millennials: The Time to Plan Is Now
If you are a millennial, we understand that your concerns may differ from someone of a different generation, and we are here to help you craft an estate plan that protects your future and addresses the things that matter most to you. In this article, read about some important steps you need to take to ensure that you have a comprehensive estate plan.
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How to Choose a Guardian or Conservator for Yourself
Every day we make hundreds of decisions from what to eat for breakfast to where we go on vacation. With each passing day, there are more choices to be made. But what will happen if you can’t make decisions for yourself? Before that time comes, there is one important decision you need to make. Who do you want to serve as your guardian or conservator?
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Testamentary Trusts: The Best of Both Worlds
You have several different options when it comes to creating the right estate plan. Some people believe that a revocable living trust is the best way to go, while others think that a last will and testament (commonly known as a will) is best under certain circumstances. Others may find that a combination of both—through the use of a testamentary trust—provides the right amount of control and protection for themselves and their loved ones.
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Preserving Your Money and Property Beyond the Third Generation
Whether you have inherited your wealth or have built it yourself, you likely want to share this wealth with the next generation and beyond. Read this article to learn how an estate plan protects family wealth.
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What Can I Not Do as Trustor and Trustee of a Revocable Living Trust?
Before setting up a revocable living trust, you should understand what you can—and cannot—do in your dual role as trustor and trustee.
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Choosing a Gift to Give to a Charity
If you are considering making a donation to a public charity, you are not limited to donating cash. Depending upon your financial situation, giving objectives, and the needs of the charitable organization, certain accounts or pieces of property may be better suited for donation to the charity.
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Could a Testamentary Trust Be What Your Loved Ones Need?
There are pros and cons to probate, and after weighing them, some people may prefer to establish a testamentary trust, which is a trust created through a will—even if this means that the person’s money and property must go through probate before the trust is funded and money is given to beneficiaries.
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