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March 2017 Archives

Motivating heirs with an incentive trust

You want to leave money to your children, but the sheer amount of wealth is potentially problematic. You're going to leave them enough that they could each just live off of the trust. You're worried that such a windfall might kill their motivation. You want to help them, financially speaking, but you don't want to hold them back in other ways.

Should you put your dog in your will?

As you create your will, you have a lot to think about. You need to consider all of your children, their children, your spouse, and exactly what you want to have done with major assets like the family home. As you do all of this, should you spend some time considering your dog? Does he need to be included in the will?

Using estate planning to reduce long-term tax burdens

While many people point to trusts as a way to shelter your assets from both taxes and creditors, the real truth is that overall estate planning and comprehensive financial strategy are the best way to reduce your tax burden. Estate planning goes hand-in-hand with financial planning, retirement saving and wealth building, making it a good idea to consult the right professionals on all these matters at an early age. No matter where you are in life, though, our firm can help you plan your estate to support the best financial benefits for yourself and your heirs.

Think about the various points necessary in your estate plan

Your estate plan is something that you need to make sure is fully prepared when you pass away. This doesn't mean that you can wait until you are at the end of the road to get things together. Instead, today is the best day to get your estate plan moving forward. We can help you learn about the options that you have for getting everything together.

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