When you compare a do-it-yourself Living Trust with one that was prepared by a qualified estate planning attorney, one of the first things you’re likely to notice is that the attorney-prepared trust is long. And it might not be so easy to read. There’s a good reason for this. Lawyers don’t write legal documents just to annoy non-lawyers: we write them in order to address as many potential legal issues as possible. When it comes to estate planning, there’s any number of contingencies to … [Read more...]
5 Tips to Talk to Your Parents About Estate Planning
Estate planning is a tough conversation to have with your parents. It can be hard to gather information about their estate, and it might make them uncomfortable thinking about their death. However, if you don’t have this conversation when it’s most relevant, you could end up struggling to try to collect the information needed after they pass away or become incapacitated. Here are 5 tips to consider to make talking to your parents about estate planning effective and inclusive: Tip #1: … [Read more...]
Roth IRAs Can Be a Great Planning Strategy: Basics
Roth IRAs can be a great planning strategy. They can save taxes and help in many ways. Read on to learn more. … [Read more...]
Your Family Deserves More Than an Estate Plan
We all want to do our very best to provide for our families, both during our lifetimes and after we’re gone. That is why we work hard, manage our finances carefully, and take estate planning seriously. The estate planning landscape has changed significantly in just a few years, and the opportunities are better than ever for those of us who want to leave a true legacy for our loved ones. A generation or two ago, the best most people could do was to leave behind a good, solid Will. This … [Read more...]
Advantages of Using a “Grantor Trust” in Planning
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Grantor trusts can be quite useful in tax planning. Read on to learn more. … [Read more...]
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