A recent study conducted by RBC Wealth Management identified that even though nearly 40% of American business owners have a complete transfer plan, nearly half of them have not taken the necessary steps to make a will. Even though business owners are more likely to have a wealth transfer plan than their employees with half… Read More »
Blog Posts Page 2
Why the Right Beneficiary in Your Life Insurance Policy Is So Important
If you have a life insurance policy and you have also outlined your intentions for someone to receive benefits in a will, bear in mind that the life insurance policy will revert to the beneficiary, both primary and contingent, that is named on your policy. This is regardless of what is stated in your will,… Read More »
Mental Competence and Legal Documents
Our legal system functions with the principle that in order for you to sign any legal document, you must have the necessary mental competence to do so. Health care powers of attorney, DNRs, financial powers of attorneys and trusts are typically classified as contracts, but contractual capacity alone is typically not enough to execute these… Read More »
How Will Rising Numbers of Baby Boomers Impact Investment Returns?
A research project from the Center for Retirement Research at Boston College, identified the potential impact of the thousands of baby boomers retiring every single day on investment returns overall. The study identified that there has never been a better reason to start saving more for retirement as the demographic transition of the growing retiree… Read More »
What If your Loved Ones Are Unable to Find Your Will?
All the best intentions of putting together a comprehensive will for estate planning purposes can go by the wayside in the event that your loved ones are not able to find this critical document. Having a clearly articulated plan drafted by a knowledgeable estate planning attorney and putting this in a place where individuals can… Read More »
Do You Owe Your Children an Inheritance?
Many people find discussing the topic of estate planning to be a difficult one but the good news is that if you take the appropriate steps to plan well in advance, you can structure a way that your children receive an inheritance should you wish to do so. A new study conducted by the Insured… Read More »
How Can I Keep My Heirs from Having to Go Through the Probate Process?
One of the most common questions for anyone approaching the prospect of estate planning has to do with making things easier for their beneficiaries. Having fully documented plans and consulting directly with an estate planning lawyer are some of the most important things you can do to minimize the additional challenges and frustrations that your… Read More »
The World’s Oldest Person Passes Away at Age 117: What Does This Mean for You?
Emma Morano was the world’s oldest individual and the last person known to be born in the 1800s, passed away at the age of 117 in April. She was born in Italy in 1899 and held the record for the oldest living woman and the oldest living person. Morano story indicates a greater trend across… Read More »
Could You Benefit from A Family Committee for Your Revocable Trust?
A revocable trust is an estate planning tool that can help you while you are still alive. This is what differentiates it from a will. Using a trust is one of the most popular ways to establish some control over the assets placed inside while also gaining the benefits of removing those assets from your… Read More »
Top Reasons that a Charity Might Not Accept Your Estate Planning Gift
Using philanthropy as one of the major goals of your legacy and estate planning is an important and valuable proposition, but it is one that should be done only after consulting with your estate planning lawyer. A lawyer can tell you more about whether or not you may be able to achieve your goals effectively… Read More »