27 03, 2023

Estate Planning: An At-a-Glance Overview

2023-03-27T02:31:03-04:00March 27th, 2023|

Estate planning, or legacy planning, entails preparing your affairs for the future, including death and other life events. While older adults might give more thought to estate planning, it is an essential tool at any age. Why It’s Important With [...]

24 03, 2023

Estate Planning for Your Digital Legacy

2023-03-24T03:32:27-04:00March 24th, 2023|

One aspect of your estate plan that you may not yet have taken into consideration is your digital legacy. Arranging what happens to your digital assets and information when you pass away has become an increasingly essential component of financial [...]

20 03, 2023

What Is a Qualified Personal Residence Trust (QPRT)?

2023-03-19T16:24:08-04:00March 20th, 2023|

A qualified personal residence trust (QPRT) is an irrevocable trust used to achieve estate and gift tax savings. The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person’s estate and to their [...]

17 03, 2023

Limited Power of Attorney in Estate Planning

2023-03-17T07:11:14-04:00March 17th, 2023|

A power of attorney (POA) is a document that authorizes one or more parties (known as the “agent” or “attorney-in-fact”) to act on behalf of a person (referred to as the “principal”). Most powers of attorney documents are guided by [...]

3 03, 2023

The Ins and Outs of Estate Sales

2023-03-03T08:30:00-05:00March 3rd, 2023|

Following the death of a family member, you may find yourself needing to sort through many possessions accumulated over the deceased’s lifetime. An estate sale is one way to distribute those items that you do not want or need quickly [...]

2 03, 2023

What Does the Term “Decedent” Mean?

2023-03-02T16:51:01-05:00March 2nd, 2023|

“Decedent” is a legal term that refers to a person who has died with unsatisfied legal obligations. At the end of their life, a decedent has some legal duties that must be fulfilled through a representative. For example, decedents remain [...]

28 02, 2023

Support a Charity – and Your Loved Ones – With a CLAT

2023-02-28T16:51:52-05:00February 28th, 2023|

A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person (grantor) creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period. After this time ends, the CLAT’s remaining [...]

27 02, 2023

Estate Planning Basics: What Is a Beneficiary to a Will?

2023-02-26T08:57:43-05:00February 27th, 2023|

People create wills to establish what happens to their money and assets when they pass away. In these estate planning documents, they can name beneficiaries – individuals who will receive money, other assets, or specific bequests like sentimental items upon [...]

20 02, 2023

What Does Having Power of Attorney With Dual Agents Mean?

2023-02-20T02:33:35-05:00February 20th, 2023|

A power of attorney is among one of the most important incapacity planning documents you can have. It designates someone you trust with taking care of your affairs if you become unable to do so. In a power of attorney, you [...]

17 02, 2023

Estate Planning: 3 Things to Know About Being an Executor

2023-02-17T02:52:14-05:00February 17th, 2023|

An executor is a person or entity you choose to carry out your last wishes outlined in your will. Your executor should be someone you trust is responsible enough to manage your estate after you pass away. Choosing an executor [...]