Ways to Protect Your Spendthrift Child or Grandchild’s Inheritance Through A Trust
Many of us, as parents and grandparents, may have a child or a grandchild that is not responsible when it comes to managing his or her money. A major concern is: what will happen if that child or grandchild were left a significant inheritance through a will or a...
What Your Agent Needs to Know About the Responsibilities Under Your Durable Power of Attorney
You may know that a durable power of attorney is a written document by which a person designates another to transact his or her business. What you may not know, however, is that the attorney-in-fact has the full authority to perform, without prior court approval,...
With Cyber Monday Right Around the Corner Don’t Miss These Safety Tips
During the month of November, there is traditionally an increase in internet traffic as many consumers complete their holiday shopping online. In years past, Black Friday became one of the most notable holiday events with local stores participating in multiple special...
Americans Should Avoid These Top Estate Planning Mistakes
Estate planning is one of the most important aspects of financial health. Among other things, an estate plan protects and transfers wealth to family members, and other designated beneficiaries, in accordance with one’s desires. Despite its importance, it is estimated...
Possible Complications When Spouses Live In Different States
Spouses who reside in separate states will need to understand the different estate planning laws that govern each state. There may be benefits to living, and dying, in one state over another and these considerations need to be discussed with your estate planning...
Are Pet Trusts an Essential Part of Your Estate Plan?
The major consideration in deciding if a pet trust is worth including in your estate plan depends largely on both the cost of the trust and the longevity of your pet’s life expectancy. For example, if your pet has a short life-expectancy, your own durable power of...
Why Would I Want to Have a Different Estate Plan from My Spouse?
Did you know creating a different estate plan than the other spouse’s estate plan is not unusual in second marriages? This often holds true especially where each spouse has children that are not the children of the other spouse. This may be due to the fact that the...
Are There Benefits to Planning to Die in Florida?
Did you know that Florida is one of seven states with no state income tax? There is no question that year-round warm weather, no income taxes, and a lack of estate and inheritance taxes makes Florida an attractive destination for retirees. Planning where to spend the...
Ways to Support September 11th Victims
This upcoming September 11th marks the 18 year anniversary of the terrorist attacks that shocked and devastated the world. Although the nation has since commenced the healing process, many victims of the attacks are living with lifelong illnesses as a direct result of...
Tips on Creating a Lasting Legacy for Loved Ones
Did you know that creating an estate plan is more than just compiling a series of documents? It is the embodiment of the legacy you wish to leave behind for your loved ones. Creating and sharing your goals as well as the thought process behind making each decision...