The Two Estate Planning Documents Clients Need for College-Bound Kids
It may seem odd to be asked about doing estate planning for college students when they probably have few if any assets. When your children were still under your roof and they were legally your responsibility as minors, there was no additional effort or planning required to handle their affairs. But at 18, your child […]
Couples: Here’s How To Start The Estate Planning Process
What is Estate Planning This is simply the process of arranging for an orderly transfer of your assets to the people you want to receive them, it involves identifying who you want to give your assets to and when, either in your life time or at death; but sometimes done after death) Mortality is hard […]
The Essential Estate Planning Document. What you need and why
What Is an Estate Plan? An estate plan is a collection of legal documents that sets forth how you want your assets distributed when you pass away, and how you want people to handle health and financial decisions if you are unable to do so for yourself during your lifetime. A comprehensive estate plan can […]
Humans die. Cryptocurrencies don’t: why you should plan your estate immediately
Cryptocurrency This is a new asset class that estate planning attorneys are likely to see in their clients’ portfolios in the future. It is important to include language in every will and trust that permits the fiduciaries to access the digital records necessary to properly administer any cryptocurrency in the estate. Impact on estate with […]
Estate Planning Checklist: Easy Stress-Free Steps For Getting Organized
What is estate planning? As the name implies, estate planning is a plan designed to manage and distribute the assets of a deceased after his death or incapacitation. An estate plan helps facilitate the distribution of the deceased assets upon his death. Without an estate plan, the deceased assets will be shared based on the […]
Avoiding Estate Planning Mistakes
What is Estate Planning? Though common, not everyone knows what the term estate planning is. And this is because a huge percentage of people don’t see the importance in planning an estate. Estate planning is simply a plan an individual makes while alive for the management, distribution, and or disposal of their assets during their […]
Don’t Skip These Estate Planning Moves during Coronavirus
With the coronavirus still enjoying little dominance in some parts of the world, there is the urgent need to rejig your estate plan (if you have one already) or plan one with the virus in mind. Below are some things to put in mind when planning your estate during the coronavirus period. Estate Planning and […]
Thanksgiving: A good time to talk estate planning
Having a good understanding of what estate planning is will help you when planning your estate. Forget the fact that you will hire an attorney to do the heavy lifting for you. To ensure that your estate plan is exactly the way you want it, you need to have a little insights into the process. […]
Nineteen Estate Planning Highlights from 2021
Below are 19 estate planning highlights from 2021: Secure act: The panel made the discussion with a little summary of the secure act, which was passed in December. Among the changes, the Act affects the ability to delay payments for retirement plans. GST Tax/ Bluebook: The wordings of the effective date provision in the 2017 […]
How much does it cost for Estate Planning?
What is Estate Planning This is simply the process of arranging for an orderly transfer of your assets to the people you want to receive them, it involves identifying who you want to give your assets to and when, either in your life time or at death; but sometimes done after death). Most often than […]