People face many important decisions when creating an estate plan. These decisions require a great deal of thought. One of the most important decisions to make is the selection of beneficiaries and the method of distribution to beneficiaries. Consideration of beneficiaries and the distribution … [Read more...] about Distributing Your Assets
So now, you know the importance of talking to your loved ones about your estate plan as discussed in “The Talk”: Part One. You know what to say to your decision makers, quasi-decision makers, information agents, and non-decision makers (click here). Now I will focus on your beneficiaries and … [Read more...] about "The Talk" Part Four
As a third follow-up to my previous blogs about “The Talk” Part One and Part Two, I thought I would address what else should be discussed outside of health care decisions. Therefore, this blog will discuss what should be talked about with your other decision makers (i.e., Successor Trustees and … [Read more...] about “The Talk” Part Three
Are we a curious society that is intrigued by the lives of the famous? How about our neighbors? Co-workers? Estate planning provides options of disposing of one’s assets upon death. However, depending upon which option is chosen will dictate how much of your financial business is kept private or … [Read more...] about Keeping our affairs Public or Private
The other day I wrote a blog about having “The Talk” with your loved ones. Today, I want to go over discussion points for when you have “The Talk.” These discussions points include: Who should have access to your estate plan? What type of talk should it be: a lecture or a heart-to-heart? How … [Read more...] about “The Talk” Part Two
Typically when I sit down with new clients to discuss the creation of their estate plan, the discussion revolves around the two most common options - Last Will & Testament or a Revocable Living Trust. The best option will usually be centered upon the estate size, individual goals and family … [Read more...] about WHAT HAPPENS TO OUR ‘STUFF’ WHEN WE DIE
Dealing with the death of a loved is never easy. The most important thing anyone can do during this very emotional time is take the time to grieve and surround yourself with loved ones. We always tell our clients that when things have calmed down a bit and all of the family matters have been taken … [Read more...] about WHAT HAPPENS TO YOUR TRUST WHEN YOU DIE?
When is the right time to think about getting a Will or a Living Trust? The easy answer is when is not the right time? Often people do not think about planning for death until they think death is near. Unfortunately, our birth certificates do not have expiration dates. This of course would make … [Read more...] about IF YOU HAVE A FAMILY, YOU HAVE A REASON
Do you lay awake at night thinking to yourself, “Oh no, I have to have the talk with my children.” “What are they going to say?” “Are they going to be upset?” “Are they going to be embarrassed?” “Will they look at me differently?” “Should I even talk to them about this or should I let them hear … [Read more...] about The Talk!!! Why we dread the talk at any age, but why we should bite the bullet and have it.
The choice of trustee can be a critical feature in the success or failure of an estate plan, yet clients frequently give little thought to this until their estate planning consultation. Clients often struggle with the decision between the most qualified person and the person most likely to be … [Read more...] about Choose Your Trustee Wisely