Although the word “inheritance” usually conjures up images of property or accounts with significant monetary value, you can leave your family an even longer-lasting inheritance by doing these seven things, even if you don’t have a lot of money. Make a Plan Often, people who do not have a lot of money think that it is […]
As parents age and their physical and mental capacities diminish, it is natural for their adult children (recognizing the parents’ decreasing ability to care for themselves) to step in and help them. Often, a specific child will take over the bulk of the responsibilities, such as taking the parent to doctor’s appointments or the attorney’s office. […]
There’s really only one thing you can be certain about in this world, that things change. If your life or the law has changed since you signed your will or trust agreement, you need to update your estate plan. You can make updates to a revocable living trust by way of an amendment or a complete […]
For the past couple of years, one thing that people may not be doing is traveling by airplane. Yet, many of us are still enrolled in miles programs with various airlines. If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you’re gone. They could […]
People who have accumulated a substantial amount of wealth during their lifetime are often reluctant to disclose the full extent of their wealth to their children. Although there may be a number of good reasons for high-net-worth individuals to create a trust with their children as beneficiaries, the phrase “trust fund baby” immediately brings to mind […]
The American Dream envisions home ownership for everyone. And most of us save for this purchase with the thought of passing it on to our families one day. But questions about ownership and how it’s passed on are pretty common. Questions like, “If I give my home to my child in my will, can they take […]
The short answer to whether couples in a domestic partnership have the same rights as married couples when it comes to estate planning is probably not. To a large extent, the state in which you live, and maybe even the city or county, determines domestic partners’ rights. What Is a Domestic Partnership? Everyone knows what a […]
Divorce is more common now than it was in the past, as is remarriage. Depending on how long a prior marriage lasted, the former couple may have done a certain amount of estate planning together. When that is the case, it is important to understand how a subsequent marriage can impact the estate planning from a […]
