Some Estate Planning Myths
There are several myths about estate planning that can cause confusion and, if you believe them, can end up causing problems for your family, says an article on Forbes. com. Among them: 1) Estate planning is only for the rich. While there is a $5.34 million exemption this year on the estate tax, you don’t […]
Estate Planning Questions That May Make You Uneasy
If you are thinking about drawing up an estate plan — and if you don’t already have one, you should be — there are several questions you will need to ask yourself, and some of them may make you uncomfortable. First, you have to start thinking seriously about your own mortality. Or about the possibility […]
Four Estate Planning Documents You Need
When it comes to estate planning, its never too soon to have all your ducks in a row. After all, estate planning is not just about death and taxes. It also deals with what happens if you get sick. There are four critical estate planning documents everyone needs, says an article in the Wall Street […]
Putting A Plant In Your Will?
Most wills include money for children and grandchildren. Some even leave money for the care of pets. But plants? Strange is it may seem, that has now happened. A woman in Pennsylvania has set aside $5,000 in her will so that a friend can take care of her huge philodendron after her death, according to […]
9 Ways To Make Things Easier For Your Survivors
When you die, somebody is going to have to settle your financial affairs. It isn’t an easy job. So why not make it easier for that person or persons? Here are nine things you should do to make it easier for your survivors to settle up your affairs, according to an article on the Huffington […]
Don’t Take Your Passwords and Assets to the Grave
So you’ve seen a trusted estate planning attorney and created your estate plan. Then you shared your relevant estate planning choices with your family. Now what? Now it is time to get organized. In this digital age, it is not unusual for executors or personal representatives to be forced to hire computer forensic […]
Common Estate Planning Mistakes
Thinking about having an estate plan drawn up? Then pay close attention. Here are some horror stories about people who have made common mistakes in doing their estate plans. When you have yours done, make sure to avoid these errors, which are recounted in a story in the Green Bay Press Gazette. These are common […]
Estate Planning For People Under 40
You can’t start estate planning too early. The earlier you begin, the better you will be prepared for life’s ups and downs. And if you have a family, you really better get started. Here are some estate planning tips for those under age 40, as outlined in a story on usnews.com.
Plan To Leave A Legacy
“Leaving a legacy” can mean many different things. A legacy can be your reputation. People often refer to the legacy a president will leave. A president’s legacy would be something he has done for which he will be remembered. We will all leave legacies like this and hopefully we have made choices in our […]
Biggest Estate Planning Mistake
Many people make the biggest estate planning mistake there is — without even knowing it. They forget to update the names of their beneficiaries for employer-sponsored retirement plans, IRAs, insurance policies, mutual funds, bank accounts and annuities. If you haven’t updated your beneficiaries, when you pass away, your assets could go to the wrong people […]