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
Posts Tagged ‘estate planning’
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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
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The Appeal of Life Insurance Trusts
If you carry a life insurance policy, it will be considered an investment and an asset and be included in your estate after your death. Because of this, the proceeds from that life insurance – the death benefit – can… Read More
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The Essential Assets to Include In Your Will
Estate planning can be overwhelming, but it becomes much easier to manage when you understand the different parts of your plan and why they are essential. If you have not yet started an estate plan, working with the experienced professionals… Read More
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Estate Planning for Blended Families: Essential Tips
A blended family can bring a lot of joy into your home but can, unfortunately, make estate planning a bit more complex. How can you make sure that every family member is taken care of if a parent were to… Read More
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Common Questions About The Estate Probate Process
The estate probate process can be quite complicated. This process is essential for ensuring that the assets of a deceased person are distributed correctly. Before starting probate, it’s best to acquire the guidance of an experienced lawyer. At The Millman… Read More