23 07, 2021

Be Careful Not to Name Minors as Your Beneficiaries

2021-07-23T08:30:00-04:00July 23rd, 2021|

Most people want to pass their assets to their children or grandchildren, but naming a minor as a beneficiary can have unintended consequences. It is important to make a plan that doesn’t involve leaving assets directly to a minor.   [...]

5 07, 2021

Why Everyone Should Have an Estate Plan

2021-07-05T08:21:44-04:00July 5th, 2021|

Do you have a will? A durable power of attorney? A health care proxy? If so, no reason to read on. If not, why not? Failure to create an estate plan risks causing discord in your family for generations to [...]

2 07, 2021

The Need for Medicaid Planning

2021-07-02T09:13:34-04:00July 2nd, 2021|

One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Careful planning can help ease the [...]

28 06, 2021

Passing Assets to Grandchildren Through a Generation-Skipping Trust

2021-06-28T10:56:29-04:00June 28th, 2021|

Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and also providing for your children.   A generation-skipping [...]

21 06, 2021

What Is a Directed Trust and What Are Its Benefits?

2021-06-21T09:34:36-04:00June 21st, 2021|

Directed trusts can be a useful estate planning tool, allowing you to place your family’s assets in a trust but benefit from the expertise of an advisor who knows more about the handling of certain trust functions than you may.  [...]

14 05, 2021

Younger Adults Now More Likely to Have a Will, According to Survey

2021-05-14T08:49:30-04:00May 14th, 2021|

A new survey has found that motivated in part by the coronavirus pandemic, younger adults are now more likely to have a will than middle-aged adults. Nevertheless, the overall percentage of Americans with a will has dropped over the past [...]

3 05, 2021

The Vacation Home: Uniting the Family or Tearing It Apart?

2021-05-03T12:38:25-04:00May 3rd, 2021|

Inheriting a vacation home with your siblings can be a great thing or it can cause huge problems within the family. Planning ahead can help prevent sibling disagreements.  When siblings co-own property and one sibling wants to sell, that sibling [...]

5 04, 2021

9 (Potential) Problems with Your Trust

2021-04-05T11:33:01-04:00April 5th, 2021|

All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your current goals. Following is a checklist of trust features you can review yourself. But be aware that these only [...]