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 »
Blog Posts Page 3
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 »
No Will? Avoid These Four Common Dangers
There are four common situations that can emerge if you do not take the necessary steps in order to plan your estate. While most people understand that they don’t need to have a life insurance policy in place to replace their income in the event that they pass away, your will is also crucial for… Read More »
Two Key Tips for Those New to the Estate Planning Process
How you decide to put together your estate and the individual professionals you choose to assist you in accomplishing those goals can go a long way towards giving you peace of mind and ensuring that your assets are transferred when it is time. There are two key tips you need to keep in mind as… Read More »
New Study Says Families Still Uncomfortable Talking About Estate Planning and Inheritance Concerns
More Americans than ever report feeling confident about having conversations around their family’s financial future. However, a vast majority of them are still avoiding communication about estate planning and inheritance issues, a study says. Nearly 20% of adults report that it is not appropriate to share their estate planning and inheritance issues with their adult… Read More »
The Importance of Account Funding & Premium Payments for Insurance and Irrevocable Life Insurance Trusts
Irrevocable life insurance trusts are a popular estate planning tool that can give you some peace of mind that you have thought ahead about the future. When used properly, these can function to pass on wealth to future generations but failing to take the appropriate planning steps at the outset could lead to numerous problems… Read More »
Family Businesses: Estate Planning for the Individual and the Company
Owning a family business highlights unique concerns for the company owner as well as the other family members particularly as it relates to estate planning. Finding the right lawyer can make a big difference. For many family businesses, it can be difficult to broach the subject of estate planning to begin with. In many… Read More »
New Study Identifies 60% of Americans Don’t Have a Will
A new study conducted by Princeton Research and published on Caring.com identified that approximately 60% of adult Americans do not have any kind of estate planning document like a will or a living trust. One of a more troubling statistics also shared in this study of more than 1,000 individuals was that just over one-third… Read More »
Estate Planning: It Has to Be Go Beyond the Will
Most families at least consider preparing for the unthinkable by putting together a will in their estate planning. But you also need to ensure that your digital life is protected as well. What happens, for example, if a loved one has access to all of their online accounts such as their stored photos and their… Read More »