It’s often said that nothing ever dies on the Internet. While this is usually a warning that what we post online can resurface, it also means our online accounts can outlive us, potentially forever. A digital estate plan that addresses what happens to these accounts after we pass is crucial. In contemporary estate planning, digital…
Details
As parents, watching your children grow up and prepare for college is both exciting and bittersweet. It’s a time of great change, not just for your children but also for you as parents. One aspect of this change that often goes unnoticed until it’s too late is the legal shift that occurs when your children…
Details
Owning your own business or investment portfolio can be incredibly rewarding. However, to preserve the fruits of your labor and dedication, you must do everything you can to protect it. Whether you seek to protect yourself, your investments, and your family from taxes, creditors, or probate, a family limited partnership (FLP) is a strategy worth…
Details
When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in your name only and you have not completed a beneficiary, pay-on-death, or…
Details
Estate Planning Awareness Week is a great opportunity not only to take steps to make sure your own estate plan is up to date, but also to talk to your family members–especially elderly parents–about creating an estate plan. Estate planning is often a difficult topic to broach, as it brings the unpleasant topics of aging…
Details
Estate Planning Lessons We Can Learn from Encanto Not only is Disney’s animated film Encanto hugely entertaining, it also contains some valuable estate planning lessons: Why leaving a family legacy is important and how it can have an impact beyond your immediate family; How multigenerational planning can benefit future generations; Why treating each beneficiary as…
Details
Most Americans strive to earn a decent-sized paycheck to support themselves and their families when they go to work. Stay-at-home parents, however, work to provide valuable non financial contributions to their families everyday. They make sure that the home runs smoothly and that their family members have what they need to be successful and happy.…
Details
Estate planning tools for unmarried partners are essential. Unless you plan properly, your partner will not receive any of your money or property when you pass away and will be unable to care for you when you most need it. Instead of your partner, your family members will be in charge of your financial and…
Details