Category: Estate Planning

Retirement and Estate Planning Must Work Together

There is a stage in your retirement planning phase when the focus will shift from accumulating funds to maintaining and preserving those nest egg funds. The importance of protecting and preserving assets cannot overstated and although meaningful growth should always remain a component of your overall retirement plan, you need to protect your purchasing power[...]

Critical Tips for Putting Together an Effective Estate Plan

Whether you believe that your estate plan is complicated or simple, many pertinent details can compromise the effectiveness of your plan overall. There are ten steps you can follow to help avoid some common estate planning mistakes:  1. Set up a meeting with your estate planning lawyer to discuss state death taxes and whether or[...]

Mid-Year Estate Planning Checklists: How to Use One

Keeping in mind it's the middle of the year, it's a great opportunity to review your existing estate plan. There are several different steps you can take to accomplish this and have more peace of mind and confidence that the plan you have put together protects your individual wishes. These steps include: Consider whether the[...]

New Results from the Aging in America Study Discuss Estate and Retirement Planning

Felician University in New Jersey recently revealed the results of their Aging in America study conducted with college age students. They found that college students anticipated living in their own home independently and being relatively active beyond the age of 85 but more than 70% of these survey respondents had not begun planning for their[...]

The Basics of Establishing a Will

Did you know that in the aftermath of the 9/11 attacks, one of the most understudied aspects had to do with a lack of appropriate estate planning? The median age of the individuals killed in the World Trade Center attacks was 39. This is an age group that is already less likely to have wills[...]

New Study Identifies Stress Levels and Retirement Tied to Job Prior

Whether or not your stress rises or decreases after retirement depends on the job you had prior to leaving the workforce, according to a new British study published recently. Those individuals who have low status ad low level jobs are more likely to experience more stress around the retirement process than co-workers in a higher-level[...]

What to Do When You Want to Leave Behind Different Amounts for Your Children When You Pass Away?

The most common estate plan today will leave assets equally to all of your children. In some situations, however, equal distribution is not desired nor does it make sense for your family members. Parents frequently have logical reasons for leaving behind differently-valued inheritances for their children. For example, a younger child may still have a[...]

The Generational Shift of Planned and Unplanned Giving

For some people, thinking ahead about estate planning has little to do with their family and more to do with impact they intend to leave behind. When it comes to deciding what should happen with your life savings or your other assets, older individuals without grandchildren, stepchildren or children are facing a complex array of[...]

How to Use Partnership Income Tax Rules for The Purposes of Estate Planning

There are many different strategies that exist for passing wealth from one generation to another without having to encounter the estate tax. Many of these, however, may still be subjected to the generation skipping tax and other congressional measures. A novel strategy that may help you accomplish the goal of avoiding these consequences while passing[...]

If I Can Complete My Estate Planning with an Online Form, Do I Really Need a Lawyer?

The short answer that is for majority of estate planning tools such as putting together a will, is that you certainly don't need a lawyer. However, you should certainly hire an attorney if you have a fair amount of assets, multiple intended beneficiaries, and want to ensure that your will has been drafted in accordance[...]