The New Year is the time that many of us focus on creating our list of resolutions. From health and fitness to spending more time with loved ones and reaching new goals at work, there is no wrong resolution. What we often find, however, as people set these lists in the New Year, they forget… Read More »
Posts Categorized: Estate Planning
Did You Know Your Estate Planning New Year’s Resolutions Can Protect Your Family?
When you think about your New Year’s resolutions, how do your goals for the year ahead help protect your family? We know how easy it can be to get caught up in making plans to eat healthier or exercise at the gym more, but the New Year is one of the best times to think… Read More »
How To Be Prepared for the Loss of a Spouse
Discussing what will happen in the event your spouse dies and you are left to take care of your children can be an uncomfortable conversation to say the least. Despite the sensitivity of this topic, however, it is important to start the conversation early. The creation of an estate plan can help you both to… Read More »
You Die, You Named a Guardian, Now What?
For most parents of school-aged children, creating an estate plan is less about distributing assets through their last will and testament than it is about appointing a guardian for their children. However, many of our clients tell us that once they complete their last will and testament and appoint a guardian, they “check out” of… Read More »
The Advantages and Disadvantages of a Special Needs Trust to Help Insure Your Child’s Future
A child’s financial future can be daunting in and of itself but adding in special needs for your loved one can create additional nerves and anxiety. Parents often have critical questions about who will care for the child and how the child’s needs will still be met in conjunction with qualification for government services. Parents… Read More »
Estate Planning A Necessity for New Business Owners
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 »
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 »