Elizabeth Taylor seems to have had good estate planning. She, like many others, seek to avoid probate by using a fully funded revocable trust. One of the main reasons people of all means seek to avoid probate is because it is a public process. Probate is public because your will along with your debts, assets, […]
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IRA Stretch Out: Meet with Your CPA
Tax deferred growth is a beautiful thing. The IRA (or Roth IRA) stretch out is nothing short of miraculous! Often children or grandchildren are named as beneficiaries so that they can take advantage of life-long (required minimum distribution) payments with the assets continuing to grow until the beneficiary is in his mid-80s. As part of […]
5 Powers of Your Health Care Power of Attorney
Your health care power of attorney is an essential part of your estate plan. Every person, age 18 or older, needs his or her own health care power of attorney. The purpose is to authorize a trusted family member or friend to make health care decisions on your behalf if you are not able to […]
Medical Power of Attorney FAQ
With a medical power of attorney, you can plan for the unexpected ahead of time and still be safe and cared for, even if you become disabled and are unable to make important decisions. What is a medical power of attorney? A medical power of attorney is a legal document that names an agent who […]
FAQ About Wills
You’ve probably heard of the term “will” but do you know what this legal document does? When creating your estate plan, you will create a will. Everyone over the age of 18 needs his or her own will. These are some of the most frequently asked questions regarding the use of a will. After reading […]
FAQ About Trusts
When creating important estate planning documents, you will need to consider who you will name as your trusted helpers. These trusted people will assist you by making important decisions if you are ever unable to make such decisions yourself. In addition, trusted helpers carry out your instructions incorporated into your estate plan. Below are answers […]
FAQ About Choosing Trusted Helpers
Many people have a lot of questions regarding estate planning. Estate planning is a beneficial tool that can help plan for the future. Take a look at answers to some of the following estate plan questions. This guide can help you better assess your own personal goals and can help you to get started with […]
Answers to Important Estate Planning Questions (Part 2)
Many people have a lot of questions regarding estate planning. Estate planning is a beneficial tool that can help plan for the future. Take a look at answers to some of the following estate plan questions. This guide can help you better assess your own personal goals and can help you to get started with […]
Wrap Your Children’s Inheritance in Trusts
Trusts are often part of everyday estate planning because of their many benefits. By wrapping your children’s inheritance in trusts, you can prevent your hard earned money from being taken by your children’s creditors. Your children’s creditors – examples Your children’s creditors would be people who sue them such as in divorce, bankruptcy, medical malpractice, […]
What Does My Trust Say? (Part 2)
NOTE: This is part 2 of a two-part article on trusts. Read part 1. “What does my trust say?” If you’re like most people, you were surprised by the stack of documents at your estate planning signing meeting. The estate planning process, including the revocable living trust, has a lot of information to take in […]