As individuals start estate planning, they often choose to execute a Will to ensure their assets are distributed according to their wishes. While outlining your wishes in a Will allows you to decide how your estate assets are distributed, a… Read More
Posts Tagged ‘Trusts’
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3 Estate Planning Steps New Parents Should Take Today
As you and your family navigate welcoming your first child into your home, estate planning may be the last thing on your mind. However, it’s wise to consider estate planning and updating your legal documents as essential to new parent… Read More
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Why Should You Create a Trust For Your Estate Plan?
Estate planners often hear the question, “do I need a Trust?” This is because many people mistakenly believe that only the very wealthy can utilize Trusts or that their Will can do the same things their Trust can do. In… Read More
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Estate Planning for the Single Person
Estate planning is not just for couples. Single people can benefit just as much from planning for the distribution of their assets and property and preparing their healthcare in old age. However, estate planning for the single person does involve… Read More
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How to Include Charity In Your Estate Plan
For many people, charitable giving is an important part of their life. Some individuals may be passionate enough about specific organizations or causes that they opt to leave assets or wealth to charity in their will. To plan the best… Read More
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Why Trusts Are Beneficial for All Estate Sizes
Many people who are first exploring the estate planning process believe that trusts are only for those with a large estate and many assets. While a trust can benefit large estates, the truth is that trusts are beneficial for all… 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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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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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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4 Things to Know Before Creating a Special Needs Trust
Raising children with special needs can be challenging, and one of the ways you may find yourself challenged is by caring for them after your death. One way to ease your anxieties is to create a special needs trust. This… Read More