A key part of estate planning is designating the beneficiaries for your finances and assets upon your death. It is your responsibility to name your beneficiaries, and if you fail to do so correctly – or not at all –… Read More
Archive for the ‘Estate Planning’ Category
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3 Ways to Pass Down Your Family Home
When you plan for your estate after your death, one of the most important decisions may be how you plan to pass down your family home. There are a few ways to ensure that your beneficiary of choice obtains ownership… Read More
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3 Estate Roles: Executor, Trustee, and Guardian
Estate planning can be a beneficial tool for anybody looking to manage the future of their healthcare, wealth, assets, and family. However, navigating the many legal documents necessary to plan carefully can be overwhelming. Working with an estate planning lawyer… Read More
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How to Avoid Estate Plan Conflict
When estate planning, it may be inevitable that you face some family conflict while drawing up your plans. Your experienced estate planning lawyer at The Millman Law Group has seen it all before and understands that estate planning is naturally… Read More
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What to Know Before Creating Your Will
Anyone over 18 has the legal right to create a will. However, deciding when to make a will is a personal decision that must be carefully considered. Accidents can happen, though, so it’s worth being proactive about ensuring the security… Read More
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5 Reasons to Create an IRA Trust
Trusts are a crucial estate planning tool that allows individuals to protect and preserve their wealth so that it can be passed onto the next generation. Individual retirement accounts (IRAs) can also be used to grow assets without income tax… Read More
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Who Needs a Will – And When They Need It
Drawing up a last will and testament is often associated with old age or wealthy individuals who have to assign many beneficiaries. While these people benefit from creating a will, you don’t have to wait until you’re older to create… Read More
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4 Mistakes to Avoid When Gifting Assets
Every person wants to make sure that their assets are passed on to their loved ones after death. However, gifting assets is not as simple as you may initially think. You need to be strategic when leaving behind money, property,… Read More
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Why You Should Update Your Estate Plan in the Summer
As summer draws near, many families will start to plan their family vacations. Whether traveling to a nearby town, state or far out of the country, it’s always important to make sure your estate plan is in order before you… Read More
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What Parents Should Consider About Child Guardianship
When estate planning as parents, there are numerous factors to consider. While you want to ensure your property will be appropriately taken care of after your death, you also need to discuss how your children will be impacted. Specifically, who… Read More