How a Fender Bender Might Impact Your Client's Finances & Estate Plan In the chilling words of several George R. R. Martin’s Game of Thrones characters, “Winter is coming.” Along with this change of seasons comes a change in driving conditions in much of North America—slippery roads, rain, snow, less sunlight during the morning and [...]
Family Limited Partnerships: Are They Under Attack? The Biden Administration’s New Proposal May Have Serious Implications For FLP Owners A popular estate planning tool that has long been used effectively may be facing new challenges under the current administration in Washington, DC. The family limited partnership (FLP) is an estate planning tool that allows families [...]
Why Estate Planning Is More Essential Than Ever For Student Athletes Protecting The New Era Of College Athletes It is a new era for college student athletes, who can now (as of July 1, 2021) profit from their name, image, and likeness (NIL). A change to the long-standing National Collegiate Athletic Association (NCAA) policy that [...]
Estate Planning Considerations For Individuals With Mental Illness Estate Planning With Mental Health In Mind It is okay to not be okay. Removing the stigma of mental health starts with realizing that many people—about one in five of all US adults--are affected by mental illness. Understanding this fact can lead to more people getting the [...]
Is Life Estate The Right Option To Ensure The Future Of Your Home? The Pros & Cons Of Life Estates A home is often one of the most valuable items of property that someone will ever own. When it comes to ensuring that your home passes to the individual or group that you intend, there [...]
What Does HEMS Mean & Why Is It Included In My Trust? The Importance Of HEMS Trust Standard In Estate Planning In the world of estate planning, you may come across the acronym HEMS from time to time. HEMS stands for “health, education, maintenance, or support” and is frequently included in trust agreements to guide [...]
Estate Planning Awareness Week: Don’t Let Your Clients Fall Victim To These Common Myths Next week is Estate Planning Awareness Week (October 18–24, 2021). To that end, this month’s newsletter is geared toward helping you, as a professional advisor, gain awareness and understanding of the most common estate planning myths. Left unaddressed, these myths can [...]
Who Is Joseph P. Kennedy & Why Is He Named In My Trust? Joseph P. Kennedy: What Does It Mean Having Him Named In Your Estate Planning Documents? Occasionally, a person who has completed an estate plan with their lawyer may be surprised to discover a reference to Joseph P. Kennedy and his descendants [...]
What Does It Mean To Decant a Trust In Estate Planning? Decanting: A Powerful Estate Planning Tool To Replace The Terms Of An Irrevocable Trust In a constantly evolving world, having the flexibility to adapt to changing circumstances is a valuable trait. But is flexibility less important in estate planning than in other areas of [...]
A Complete Guide To Trust Funding Funding a Trust: What It Is & How To Do It Correctly Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete [...]
