Estate planning can be emotional. No one wants to think about their own death, and making plans around your passing can seem morbid.However, taking steps to make sure that your estate is squared away can save your loved ones from additional grief after you pass. Here...
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What type of living trust is right for me?
Determining the best type of trust for your unique situation can be challenging if you do not understand all of your options. Different kinds of trusts serve different purposes and are appropriate under different circumstances. However, living trusts are a common kind...
Protecting assets during divorce matters for financial stability
Nobody wants to lose their financial stability after their marriage fails. Reliable financial income is crucial to overall peace of mind and personal well-being. The transition from marriage to divorce is not always easy when large financial shifts are made,...
What to know about estate planning in a digital world
The internet revolutionized how we store our valuables; instead of photo albums or safety deposit boxes, we save our family photos on Facebook, and our bank information is encrypted online.It makes sense that the digitalization of everyday life affects how adults plan...
Calculating your net worth is an important estate planning step
One important step to take early in the estate planning process is determining what your overall net worth is. This will help you determine what assets you may want to pass on, what debts may need to be settled by your estate, how much estate tax your estate may be...
Why it is important to review estate planning before a vacation
One thing many people do as the end of the year approaches is plan their vacations for the coming year. Sometimes these vacations will take place in exotic locations in the far reaches of the globe. One thing you may not have considered during all the preparation and...
No, it’s not stupid to set up a trust for your pets
Pets are more and more intertwined into our families, and it shows. You can buy pet health insurance, get your favorite animal a custom bed and even send them to their own spa.It’s no wonder more and more owners are considering what happens to their beloved animals if...
The makings of an Advance Health Care Directive form
Because of a loved one's medical expertise or your trust in their decision-making, you know who you want to designate as a power of attorney for healthcare. If you become incapacitated, you want to have created a sound legal form of your wishes. You also understand...
Pregnant? Follow these estate-planning steps before the birth
A previous post encouraged new parents to consider designating guardianship and purchasing a life insurance policy or trust to be prepared in case a tragic event should happen. If you have a bun in the oven, there’s no need to wait! The following additional...
When succession planning skips a generation
You have worked hard your whole life to build a business. Although your children are wonderfully successful in their own ways, it's apparent that your predecessor lies elsewhere.All of this uncertainty about the fate of your business goes out the window when your...
