Top 10 Estate Planning Myths
Everyone needs to worry about estate planning. That planning doesn’t only pertain to what happens when you die but what could happen if you end up incapacitated.
READ MOREProtecting Inheritances in a Blended Family
As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation.
READ MORETransferring Real Estate to Children
For many parents, transferring real estate to their children is an important part of their estate planning process. There are several ways that parents can do this, each with its own advantages and disadvantages.
READ MOREHow to Pay for My Funeral
A funeral can cost $10,000 or more, according to the Funeral Consumers Alliance.
READ MOREGet These Estate and Tax Items Done Before It’s too Late
What estate planners need to accomplish for their clients before Tax Day, as well as the regulatory changes they need to be aware of while preparing for the big day.
READ MOREShould You Give Your Children an Inheritance Now?
Retirees should secure themselves first, and if you’re all set there, then consider a few other things, such as the impact on the children and tax issues.
READ MOREThe Biggest Mistakes Made with Trusts
Mistakes that are usually ugly, often costly and sometimes fatal – at least to an estate plan.
READ MOREDo I Need a Trust in My Estate Plan for Real Estate?
Trusts are widely used in estate planning, so estates can avoid going through probate and maintain privacy. The terms of the trust ensure the wishes of the property owner are adhered to and their property gets distributed to the proper beneficiaries.
READ MOREWhy Do I Need a Will?
Just under half of Americans have a will, according to data from Gallup. J.P. Morgan Wealth Management data suggests that this number may even be lower, especially among Black and Hispanic investors.
READ MOREKey Components of an Estate Plan to Tackle First
Having the right legacy plans and documents in place is one of the most important steps aging individuals can take, both to give themselves peace of mind and to avoid the possibility that confusion will make an already challenging situation even worse.
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