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...
Month: March 2017
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...
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...
What do I have to do to probate an estate?
If you find yourself in the position of estate administrator for a friend or loved one who has passed on, you may not have a clue what duties are expected of you. That's quite understandable for those who have never before undertaken these tasks. Naturally, the more...
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...
