Category: Estate Planning

How Can You Benefit From a Revocable Trust?

A revocable trust, also referred to as a living trust, is an estate planning tool that a person can use to pass his or her assets outside of probate after his or her death. A recent article explains how a person may benefit from a revocable trust. When a person puts property in a revocable[...]

A Growing Need for Estate Planning

In the coming years, experts predict that the demand for estate planning services and expertise will be greater than ever. As a recent article points out, the nation’s aging baby boomers are currently entering the retirement phase of their life. This “silver tsunami” is increasing the need for retirement and estate planning. American’s senior citizens[...]

Artificial Reproductive Technology and Estate Planning

As women continue to give birth later in their lives, and more and more same-sex couples want to conceive children of their own, the use of artificial reproductive technology (“ART”) is becoming more and more prevalent. As a recent article explains, those who use ART, even if they never conceive a child, must factor it[...]

How to Avoid Estate Planning Mistakes

Estate planning can be a daunting task. However, there are certain steps a person can take in order to make the process go smoothly and avoid common mistakes. A recent article discusses several of these steps. First, be sure complete all documents in your estate plan. After you have completed all documents, ensure that your[...]

Estate Planning: A Pre-Travel Checklist

Many people create a “to-do list” before leaving for a vacation or other trip. As a recent article explains, several estate planning steps should be at the top of that list. By completing and updating your estate plan, you can travel with the peace of mind that, should you suffer serious illness or death, your[...]

Lifetime Transfers as Part of an Estate Plan

Most pre-death transfers of wealth consist of transfers of money or other assets from parents to their children. As a recent article explains, these transfers can occur in many different formats, and have various impacts on those involved. Children often ask parents to give them a portion of their would-be inheritance while the parents are[...]

Tax-Saving Schemes for Your Estate Plan

A common estate planning goal is to reduce taxes and thereby pass more money along to the beneficiaries of the estate. A recent article discusses several different estate planning devices that may help you to save taxes on your estate. The article first discusses how family business owners can reduce estate taxes. If you have[...]

Incapacity Planning for Young Adults

Estate planning is often the last thing on the minds of young adults. As a recent article explains, however, incapacity planning is a facet of estate planning that is absolute necessity for everyone, and especially beneficial to young adults. Incapacity planning is one of the first parts of estate planning that young adults should complete.[...]

Ways to Make Life Easier for Your Heirs

While the process of dealing with the death of a loved one is never easy, there are certain estate planning steps that people can take to ease the process of estate administration for their heirs. A recent article discusses some of these steps. The first step is to create a file and label it, "My[...]

Estate Planning With Life Insurance

As this recent article explains, one of the most critical parts of any estate plan is a life insurance policy. Having a life insurance policy increases the size of the estate that a person is able to leave to his or her heirs. The cash from a life insurance policy can also aid your heirs[...]