Estate planning is a critical means of protecting your financial legacy, providing for loved ones, reducing taxes and preventing unnecessary expenses, says an article from The Seattle Times, “Estate planning needs vary at every stage of your life.” The reasons for an estate plan change depending on your stage of life. However, no matter what your income is, … Continue reading Estate Planning for Different Ages and Stages of Life
Category: HealthCare Directive
Why Is it Important to Have an Estate Plan?
By the time you reach your thirties, it’s likely you’ve accumulated some assets—maybe a home, a car, a savings account and some cryptocurrency. However, if you are like most millennials, even though you know you should have a will, you probably don’t. An article, “5 Reasons Estate Planning Is So Important” from The Baltic Times, reports a staggering … Continue reading Why Is it Important to Have an Estate Plan?
The Benefits of a Good Estate Plan
If you don’t have a comprehensive estate plan, state law will control. That’s unlikely to that the state will do what you would choose to do. MSN’s article entitled “What is estate planning?” discusses the benefits of estate planning. Minimizes taxes. Clever structuring of flexible retirement accounts, such as a Roth IRA, can help funnel more tax-free money to … Continue reading The Benefits of a Good Estate Plan
The Basics of Estate Planning
No matter how BIG or small your net worth is, estate planning is a process that ensures your assets are handed down the way you want after you die. Work with an estate planning attorney to ensure your documents are in line with your intentions. Forbes’ article entitled “Estate Planning Basics” explains that everybody has an estate. … Continue reading The Basics of Estate Planning
What are the Components of an Estate Plan?
Estate planning doesn’t have to be challenging. It’s also one of the most thoughtful steps you can take for the people you care about. Estate planning is the process of who will handle your estate and receive possessions after your death, according to an article titled “10 Essential Estate Planning Documents You Need” from The Street. There are … Continue reading What are the Components of an Estate Plan?
What Should Not Be Kept in a Safe Deposit Box?
In today’s digital world, almost everything of importance is stored virtually, in the cloud. A physical safe deposit box might seem like a throwback, but still has some good uses, says an article from Kiplinger, “Things You’ll Regret Keeping in a Safe Deposit Box.” Some things belonging in a safe deposit box include prized possessions, like a … Continue reading What Should Not Be Kept in a Safe Deposit Box?
Why Everyone Needs an Estate Plan
Estate planning means making plans to manage and distribute assets and caring for loved ones in the event of a person’s death or incapacity. It also involves the creation of legally binding documents to outline a person’s wishes for health care and financial matters. Estate planning ensures your wishes are carried out and is also … Continue reading Why Everyone Needs an Estate Plan
What’s the Best Way to Organize Your Estate Plan?
Congratulations, if you already have an estate plan. However, do you remember where you put it? Does anyone but you know where it is? According to an article from The Press-Enterprise, “2023 check list: How to organize your estate plan,” most people take their estate plan and put the binder or file folder someplace they deem safe and … Continue reading What’s the Best Way to Organize Your Estate Plan?
Four Things to Do for the Beginning of the Year, from an attorney.
Four Things to do for the beginning of the Year: 1. Update your Will, if you have gotten married, divorced, had anyone in your Will become an adult or pass away; 2. Update your Living Will, also know as your Health Care Surrogate (if you do not update it after you get divorced, do you … Continue reading Four Things to Do for the Beginning of the Year, from an attorney.