Tag Archives: estate plan
Are You Ready to Move Away from Home?
Moving away from home is a major milestone in adulthood. For the first time, you might have to secure housing, buy insurance, sign up for utilities, and manage your finances. All of this can feel overwhelming as you simultaneously adapt to a new living environment and possibly a new career. With greater independence comes… Read More »
Don’t Let Your Estate Plan Go Up in Smoke
Fewer people are creating estate plans today than in years past. Research shows that, in 2024, less than one-third of Americans report having a will.[1] Every adult—whether they are 18 or 98—should have a will at a minimum. Many people can also benefit from estate planning documents such as trusts, powers of attorney, and… Read More »
Collecting Debts on Behalf of Your Deceased Loved One
People often engage in transactions that result in money being owed to them, such as loaning money to a friend or business partner or renting a house to a tenant. But what happens if someone passes away before they receive the money owed to them? Can someone else collect the money owed to deceased… Read More »
An Estate Plan Should Not Be a Set-It-and-Forget-It Endeavor
As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can have a dramatic effect on your estate plan. If you think your estate plan is like a slow cooker and you can set it and forget it, you and your… Read More »
Understanding the Connection Between Life Insurance and Estate Planning
A common misconception people have about life insurance and estate planning is that they only need to designate their spouse, child, or loved one as the beneficiary of the life insurance policy to ensure that the benefits will be available to the beneficiary when they die. Life insurance is an important financial and estate… Read More »
Do I Need an Estate Plan?
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2021 survey conducted by Caring.com, only 33 percent of adults in the United States… Read More »
Wills, Trusts & Dying Intestate: What’s the Difference?
“Estate planning is for the rich! I don’t have enough assets to do an estate plan!” Sounds familiar? These are some of the excuses folks make in order to justify not creating an estate plan. While most people understand that having some sort of an estate plan is a good thing, many of us… Read More »
How an Inheritance May Change Your Estate Plan
Receiving an inheritance is a huge blessing but, if not handled properly, can also become a curse. Often times, the inheritor does not know what to do with the new asset and runs into financial trouble, squandering most, if not all of it. This could happen due to the inheritor having outstanding creditor issues… Read More »
New Homeowner Checklist: 3 Things To Do ASAP!
Congratulations on the purchase of your new home! Whether this is your first home or an upgrade/downsize, the purchasing of a home is a big event in your life. When these major life changes occur, it is important that you are properly prepared. To get you started, we have put together a brief new… Read More »
Financial Plan. Tax Plan. Legacy Plan. Estate Plan. How many plans do I need?!
Most folks have at least heard of an estate plan. But fewer realize that a simple will is not enough to prepare for your future. In fact, a combination of plans – financial plan, tax plan, legacy plan, and estate plan – are vital to your financial well-being and protection of your assets and… Read More »
