Married couples share many aspects of their lives with each other. But when it comes to death, even the closest couples can become tight-lipped. We get it, it's uncomfortable to talk about. But it's important to address these topics to avoid further heartbreak down the road. Seemingly mundane details, such as the locations of passwords and other important documents, should also be addressed.
Are you a business executive focused on career success? It's time to strategize and safeguard your family's financial future too! Learn about trusts and legacy.
Losing a loved one, especially a spouse, is one of the most difficult things you may face in life. Surely you'll need to take time to grieve, and there are also crucial steps to be taken to wrap up your spouse's estate. If your spouse's will or trust had a disclaimer provision, there are some time-sensitive decisions that you'll need to make
While the reasons for not having a will vary, the result is the same for everyone: they don't get to choose who receives their property when they die. Instead, their assets are distributed according to the laws of their state. This process is called intestate succession.
Gift and estate tax consequences can threaten this goal of sharing wealth. By crafting a comprehensive estate plan, we can address these concerns and protect high-net-worth clients from excess taxes. The following three types of trusts may assist high-net-worth clients in sharing their wealth in a tax-advantageous way.
If the duty of handling outstanding accounts falls on you, we're here to help. This article lists steps you can take to identify accounts and figure out what to do with them.
Many families choose to include a payable-on-death (POD) or transfer-on-death (TOD) designation in their estate plan. Both these designations allow the assets in the account to pass to a chosen beneficiary when the original owner dies. POD and TOD accounts have many benefits.
In modern estate planning, digital accounts such as PayPal, Venmo, and Apple Pay must be considered every bit as much as bank and retirement accounts. Digital accounts can be conveniently closed upon the account holder’s death, provided they plan ahead.
While you may have more freedom than the average worker, a lot of responsibilities lie on your shoulders. Working together with an experienced estate attorney, we can craft a comprehensive legacy plan that will help you meet your financial goals.
Although your documents should be thorough and provide all necessary information, some things should NEVER be mentioned in your documents, for security purposes. Here are three things you SHOULDN'T include in your estate planning documents.
