Why Deathbed Planning Might Give You Additional Grief The Drawbacks of Deathbed Planning: Why You Should Update Your Estate Plan Regularly None of us likes to think about our own death or enjoys planning for that occasion. However, if you do not create an estate plan or fail to update it regularly, you are [...]
Disability Panels To Take Back Control The Importance Of Naming A Disability Panel In Your Living Trust When you create an estate plan, it is an admission of your mortality. But even if you accept that you are not going to live forever, you may be slower to face the possibility that you could [...]
Ways Your Will Can Be Revoked Importance Of Having A Will & The Need To Keep It Updated A will (which should be accompanied by other important documents such as healthcare and financial powers of attorney, as well as an advance healthcare directive) is a foundational estate planning document. However, according to Gallup, only [...]
Nonjudicial Settlement Agreements: The Good, The Bad, & The Ugly A Complete Guide to Trust Settlement Agreements Some trusts are irrevocable as soon as they are created, which means that, in general, the trustmaker (the person who created and funded the trust) cannot terminate or modify it and take back the money or property [...]
Have You Chosen The Right Trustee? What's The Difference Between A Trust & A Trustee Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that a trustee plays not only in handling trust matters but also in providing for and protecting your loved ones. What [...]
Aaron Carter: A Life Gone Too Soon Does Aaron Carter's Final Wishes Coincide With State Law? Musician Aaron Carter, a former child pop star and younger brother of Backstreet Boys singer Nick Carter, died in November at the age of thirty-four. Aaron’s untimely passing is one of the more tragic celebrity deaths of 2022. [...]
Why The Knives May Come Out At Death Lessons On Estate Planning To Avoid Family Problems The box office success of the 2019 murder mystery Knives Out led to franchise status, with Glass Onion, the first sequel, released in late 2022. The original Knives Out featured whodunit intrigue surrounding the murder of a wealthy [...]
Three Things You Need To Do When Your Spouse Dies What To Do If Your Spouse's Will Or Trust Has A Disclaimer Provision Losing your spouse is one of the most difficult things you might face in life. Although it is important to take time to grieve, there are also some crucial steps you [...]
The Deceased Spouse’s Unused Exemption Amount: A Spouse’s Final Gift Spouses often work together to build wealth for themselves and their children. Congress recognized this by enacting the gift and estate tax portability election as part of the 2010 Taxpayer Relief, Unemployment Insurance Reauthorization, and Job Creation Act and making it permanent in the [...]
Have You Thought Through Your Retirement Plans? Crucial Factors To Consider When Planning Your Retirement Beginning your retirement is a great milestone that is worth celebrating. You have put in many years of hard work, and you are now able to focus your energy on the next phase of your life. However, before you [...]
