Account Titling and Estate Planning Document Updates
Account titling and beneficiary designations are two key yet often overlooked components of estate planning. Your estate documents will ensure your assets are distributed according to your wishes. However, your trust and will are only part of the framework you need to consider. Having your accounts titled properly and with accurate beneficiary designations will ensure […]
Estate Planning: Gifting Strategies
When it comes to sharing your wealth, there may be no better time than the present. If you plan to help your children or grandchildren financially, the question of how and when to transfer wealth is one that you will have to deliberate. According to a 2019 Merrill Lynch retirement study, 65% of Americans age […]
Estate Planning Basics
Estate planning is the process of planning for how an individual’s assets and liabilities will be managed, preserved, or distributed after incapacitation or death. One of the goals of estate planning is to distribute the individual’s assets in the timeliest, most tax-efficient manner in accordance with the wishes of the incapacitated or deceased individual. Estate planning poses a significant challenge because it forces one to think about their own incapacitation or death. That being said, it is imperative to get organized and think about these events…
Estate Planning: Trusts
Organizing what happens to your estate in the event you or your loved one passes away is often a difficult subject to broach, albeit very important. In addition to the subject matter being daunting, there is often a lack of understanding of the financial burden that may follow. We think it’s important to educate our […]
Estate Planning: Trusts
Organizing what happens to your estate in the event you or your loved one passes away is often a difficult subject to broach, albeit very important. In addition to the subject matter being daunting, there is often a lack of understanding of the financial burden that may follow. We think it’s important to educate our […]