You may have concerns about leaving a life-changing sum of money to a loved one that may not be prepared to handle it. There are those that have personal problems, and some people are prone to overspending. There are also younger folks with no financial experience. Under these circumstances, you do not have to provide lump sum inheritances with no protections and hope for the best. A trust can be used to hold assets for the benefit of a person on your inheritance list, and an incentive trust … [Read more...] about A Trust Can Provide Incentives
Inheritance Planning
Estate Planning and Vacation Homes
A vacation home can provide countless family memories over the years. When you start to envision your legacy, vacay property may be a part of it. In this post, we will provide some important information about estate planning and vacation homes. Do Your Children Really Want the Home? The thought of your children and their families enjoying quality time at the vacation home after you are gone may be heartwarming. At the same time, your children may have different ideas. For example, let’s say … [Read more...] about Estate Planning and Vacation Homes
These Simple Actions Will Jumpstart the Estate Planning Process
A lot of people that do not have estate plans in place know that it is a responsibility that they should address, but they do not know how to begin in earnest. As a result, they continue to procrastinate, and their families are at risk. With this in mind, we will share three relatively easy steps that you can take to put the estate planning process in motion. Calculate the Value of Your Assets The first step is to inventory all the assets that you expect to be able to pass along to your … [Read more...] about These Simple Actions Will Jumpstart the Estate Planning Process
Do Your Children Really Want Your Stuff?
Estate planning is often thought of as an exercise in deciding who gets what, and when you make your decisions, you put them in writing. This is definitely part of the equation, but there are some additional considerations that involve the potential recipients. Cherished Collections There are many collectors out there, and if you are one of them, your collection probably means a lot to you. It may be books, classic cars, musical instruments, or a wide range of antiques, and you invariably gain … [Read more...] about Do Your Children Really Want Your Stuff?
Pandemic Shows Importance of Advance Planning
We were told all along that the colder weather would usher in a resurgence of the novel coronavirus, and we have reached that point. Estate planning attorneys always emphasize the fact that anything can happen at any time under ordinary circumstances. People understand this, but far too many of them embrace the “this will never happen to me” mantra. The pandemic has painted a very stark picture that is unavoidable. You can be perfectly healthy on one day and find yourself in the intensive … [Read more...] about Pandemic Shows Importance of Advance Planning
Safely Store Important Information
The process of estate planning extends into incapacity planning is well, so it is important to see a complete picture when you are making preparations for the future. Ultimately the objective is to make sure that things are in place for your family after your passing or in the event that you become unable to handle your affairs. It is a good idea to discuss all the details with an experienced estate planning attorney so that you don't overlook anything. Nobody is going to overlook something … [Read more...] about Safely Store Important Information
Estate Planning for Parents With Young Children
When you procrastinate with regard to any given responsibility you may recognize the fact that you are taking a risk. Taking risks when you will be the person suffering the consequences should they arise is one thing. But when you gamble with the well-being of your children the situation is far more serious. Everyone should have an estate plan in place, but it is absolutely essential for parents with young children. You may think that you don't have to worry about it because you will be living … [Read more...] about Estate Planning for Parents With Young Children
Download Your Complimentary Estate Planning Report
People often procrastinate when it comes to estate planning, and the root cause of this failure to act in many instances is the simple fact that they don't know where to begin. This is understandable to a certain extent, but each day that you go through life without an estate plan you are putting the well-being of those that you love at risk. And, you are also putting yourself at personal risk because there are certain eventualities of aging that should be prepared for in advance. If you are … [Read more...] about Download Your Complimentary Estate Planning Report
Connecticut Living Trust Information
You may have heard about living trusts and have questions about why you would want to use such a trust to arrange for the transfer of your assets after your passing. We have prepared an informative report that will answer all of your questions and provide you with some insight into why living trusts are becoming so popular these days. To obtain your free Connecticut living trust report simply click this link and complete the form that you will see so that we know where to send access: … [Read more...] about Connecticut Living Trust Information
Consider Online Presences When Planning Your Estate
Comprehensive estate planning requires a lot of attention to detail. It is important to consider all the loose ends that could be left behind, and with this in mind you would do well to inventory your online presences and make arrangements for them in advance. There are a number of different ways that you can stake out some virtual real estate on the Internet. Some people maintain websites either for business purposes or as a personal hobby. You must decide how you want these websites handled … [Read more...] about Consider Online Presences When Planning Your Estate
