Most families have certain expectations about inheritances. However, when all is said and done, the only person who has the right to determine beneficiaries is the person planning their estate. So, even though your siblings, cousins or children have the assumption...
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Estate Planning
Revising your estate plan as you remarry can prevent family conflict now and later
On Behalf of Cushing & Dolan, P.C. | Apr 1, 2021 | Estate Planning
If you’re tying the knot for a second time and have children from your first marriage, then you can’t expect everything to be as rosy as it was on The Brady Bunch. Even if your kids are grown and don’t spend much time with your new partner, they may resent them...
Your estate plan vs. your beneficiary designations
On Behalf of Cushing & Dolan, P.C. | Nov 17, 2020 | Estate Planning
Your estate plan is, in your mind, the final word on what should happen to all the assets that you own. It gives you the power to divide your estate between your heirs and other beneficiaries. Doing that the way you want to do it is very important to you. However, you...
Don’t hesitate to update your estate plan
On Behalf of Cushing & Dolan, P.C. | Oct 12, 2020 | Estate Planning
There’s nothing better than the feeling you get when you first create an estate plan. Even if it was a difficult process, it’s nice to know that you have a plan in place to protect you, your loved ones and your estate as a whole. But then something happens. As the...
Is it time to review and alter your estate plan?
On Behalf of Cushing & Dolan, P.C. | Aug 6, 2020 | Estate Planning
When creating an estate plan, the only thing you can do is make the best possible decisions at that particular time. However, you should come to grips with the fact that you may need to review and alter your estate plan at some point in the future. There are...
Oral wills often don’t hold up
On Behalf of Cushing & Dolan, P.C. | Jul 17, 2020 | Estate Planning
A deathbed will is a set of oral instructions given by the dying party to someone else in the room. That person then becomes, in some cases, the only one who knows what that person wanted to happen with their estate. But that’s not the only time when an oral will may...
The majority of people still don’t have an estate plan
On Behalf of Cushing & Dolan, P.C. | May 8, 2020 | Estate Planning
The United States is one of the wealthiest countries in the world. Much of this wealth is going to be passed down from one generation to the next. Though life expectancy is now around 80 years old, everyone knows that they’ll have to address this issue eventually. ...
Ways for your estate plan to protect your closest family members
On Behalf of Cushing & Dolan, P.C. | Apr 21, 2020 | Estate Planning
Taking care of the people you love is one of the main reasons you likely have for creating a last will or estate plan. You want to know that your spouse and your children or other dependents will have guidance about how to handle your estate. Additionally, if you have...
Estate planning and low-income families
On Behalf of Cushing & Dolan, P.C. | Mar 11, 2020 | Estate Planning
When people think about the type of person who needs an estate plan, many likely picture a wealthy investor or a family with significant assets. However, it is imperative for low-income families to recognize the importance of estate planning as well. In fact, estate...
How can a health care proxy benefit me?
On Behalf of Cushing & Dolan, P.C. | Feb 14, 2020 | Estate Planning
A health care proxy — sometimes called an advance healthcare directive — is a document that allows you to leave caregiving instructions in case mental or physical incapacitation keeps you from expressing your wishes. While it isn’t a necessary tool...
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