Navigating Probate: The Roadmap to an Estate
Probate is often a scary word for people when discussing estate plans. And it’s often talked about as something to avoid. While there are some scenarios which allow an estate to greatly streamline probate through the strategic usage of trusts, payable-upon-death and transferable-upon-death accounts,as well as beneficiary designations and joint ownership with right of survivorship, […]
Your End of Year Estate Planning To-Do List
As the end of the year approaches, it’s a good time to perform a quick check-up on your estate plan and address changes that might need to be made or take advantage of any tax opportunities. Below is a quick to-do list to cover the main items. Check Your Beneficiary Designations Beneficiary forms for assets […]
Understanding Gun Trusts and Why You Might Need One
If you’re a gun owner, having a plan for what happens to your gun is just as important as planning for the distribution of your possessions and assets if you become incapacitated or pass away. Creating a gun trust is the best way to legally and safely manage and transfer certain regulated weapons. What is […]
Estate Planning 101 – Wills and Trusts
While most people don’t get excited about the idea of estate planning or setting up wills and trusts, it’s an important task that’s better started sooner rather than later, especially given the common complexities of finances and family dynamics. Having an estate plan in place ensures your property and assets are distributed according to your […]
Starting a Private (Family) Foundation: Operating Versus Non-Operating Family Foundations and What You Need to Know
When most people think of charity and fundraising, they think of public efforts such as a GoFundMe to account for a tragic loss of a loved one or a car wash for the high school volleyball team. They may also think of public entities like the Make-A-Wish Foundation and The Susan G. Komen Foundation. However, charitable giving can also be […]