Aside from enabling the distribution of assets efficiently and effectively, one of the goals of estate planning is to do what is possible to ease the stress on your loved ones upon your passing. Regardless of the circumstances surrounding your death, those who care about you will be in pain at this sensitive time, and … [Read More]
DIY Wills
There are times when you consider hiring someone to do a job and then say to yourself, you know what, I can do this myself and save some money, and I think I’d actually enjoy it. This mentality is what keeps the parking lots of the home improvement stores buzzing on the weekends, and there … [Read More]
A Living Trust Can Be A Viable Option
The reason why it is a good idea to consult with an estate planning attorney before you make any final decisions about the anatomy of your estate is the fact that they can lay all of your options on the table. There are a number of possible components that can be included in a well … [Read More]
Estate Tax Looms In 2011
The estate tax was repealed for the 2010 calendar year, and any form of tax relief is more than welcome for most Americans. However, in 2011 the estate tax will be back in effect, and it is carrying a very significant bite upon its return. The maximum rate will revert back to the level that … [Read More]
Review Your Estate Plan
As life goes on and the day to day twists and turns occupy your attention you may not give your estate plan much thought. Years can pass since you first created the plan, and those years can turn into decades. But over that time it is very likely that your life changed in many different … [Read More]
Generation-Skipping Trusts
It seems kind of strange in a way, but one of the primary goals of estate planning is to keep your assets intact as you are passing them along to your loved ones. The reason why this reality is rather odd is that you may naively think that what is yours is yours and when … [Read More]
Preparing for the Next Phase in Life
Despite the fact that life expectancy has increased in the last several decades, many people are not planning for what they want to do during the second half of their lives. Often, this is because we’re simply to busy to look that far ahead in the future but the truth is, retirement will be here … [Read More]
Estate Planning Basics: How to Avoid Probate on Real Estate or Other Types of Property
One of the chief goals of the estate planning process is to minimize time-consuming and resource-draining burdens that will fall to your loved ones and family members after you have passed away. The best way to ensure that your survivors won’t be tied up with costly, time-consuming, and emotionally demanding administrative details in the aftermath … [Read More]
What is a Living Trust?
When you pass away, there are essentially three ways your estate can be handled: The first is according to the laws of intestacy. These are state laws that dictate how assets should be distributed when the deceased dies without an estate plan. The second way is through a Will. In this instance, you get to … [Read More]
Health Insurance Tips for Retirement
Retiring can be tricky when it comes to health insurance. If you have group coverage through your employer, then dropping that coverage may also leave the rest of your family uninsured. Buying Health Insurance After 55 – If you need to purchase individual health insurance after you are 55 years old, you should be aware … [Read More]
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