Most people assume that estate planning is all about what happens to your property when you pass away. For that reason, many young, single people and young families don’t put estate planning as a top priority, but it can be one of the crucial things that young parents can do, especially considering that someone might… Read More »
Blog Posts Page 6
What is the Right Will?
Most people assume when they approach the estate planning process that they need a simple will. But the truth is that every person can benefit from having the right will. Determining the right will for you is based on many different factors, including the complexity or the simplicity of your gifting scheme and goals, contingency… Read More »
Avoid Probate with These Five Simple Steps
Are you interested in keeping your estate out of the public record and ensuring that the distribution of assets moves through smoothly? Probate is expensive as well as time consuming, which is one of the top reasons why people schedule consultations with Pasadena estate planning lawyers to discuss how to avoid it. A properly structured… Read More »
Advanced Wealth Planning Tips with Tax Preferenced Strategies
Do you know what to focus on if you have significant assets that would fall inside your estate? If not, you could be putting your loved ones in line to pay unnecessary tax consequences. The federal government has long made incentives to set aside money in the form of savings by giving some combination of… Read More »
Making Estate Planning Basics Easy
As part of your overall financial planning, you might have a good eye towards putting aside money for retirement, but estate planning often gets overlooked. Since many people are under the impression that estate planning needs don’t kick in until later in their lives, they can make critical mistakes that could subject them and their… Read More »
Should You Fund Your Revocable Trust?
Many people are increasingly using an estate planning approach that uses a revocable trust, as well as a will. In fact, most common estate plans these days include both of these elements. This basic structure is now seen as the bare bones under which guardians of any minor children are appointed and executors of the… Read More »
Is It A Good Idea to Store Your Will Online?
Medical directives and wills are increasingly being stored online in order to allow your loved ones to have access to these crucial materials as soon as possible. This is because far too many people have experienced the unfortunate situation of having to deal with a loved one who did not provide easy access to estate… Read More »
What You Need to Know About the Most Important Retirement Planning Question
There are many different considerations to a comprehensive retirement plan, but do you know the most important retirement planning question? Every retirement plan’s goal is to ensure that you have enough cash flow and income to last you for the remainder of your life, so you need to have a general idea of your overall… Read More »
Infusing Values into Your Estate and Financial Planning Practice
Is the pursuit of your goals based on your individual values? Those values should be based on your financial and estate planning needs. During the fast pace of traditional life, most people don’t take the time to sort out what is most important to them, which means that in the event of a sudden incapacitating… Read More »
Whether You Own a Great Deal or a Little, You Need an Estate Plan
It’s a common misconception that you don’t need the support of an estate plan or an estate planning lawyer if you don’t own many assets. However, whether you own a little or a lot, you still need an estate plan and you can save your family a great deal of aggravation and grief by putting… Read More »
Legislators Consider Issues of Elder Financial Abuse
A recent study found that elder abuse affects millions of people in the United States every year to the tune of nearly $3 billion. The financial exploitation of senior Americans is a concern for adult children as well. The government recently passed the Senior Safe Act in May 2018 as part of a banking reform… Read More »
Top Reasons to Consider Using A Living Trust
Have you contemplated the benefits of using a living trust in the past? Many people are under the false impression that a living trust can accomplish everything. While it’s not true that a living trust will be the only estate planning document that you need or that it will accomplish every single one of your… Read More »
Step 3 of End of Life Planning: Be Aware of the Tax Burden
Now is the time to start thinking about how you can leave money behind to your heirs. One of the easiest ways to do this with tax advantages is through a Roth IRA. Brokerage accounts can also be beneficial since capital gains taxes would likely be eliminated due to the step up in basis from… Read More »
End of Life Planning Tips: Part Two
If you have recently received a serious medical diagnosis, now is the time to accomplish some of the most important estate planning and financial tasks to verify that you have done as much as possible to protect yourself. One of the first steps that you need to take must be designating beneficiaries. Far too many… Read More »
Three Steps to Handling End of Life Planning
If you have recently received a medical diagnosis, it’s important to realize that your estate planning cannot afford to wait. Often, a bad medical diagnosis can cause significant issues in your family if you have not done enough of the planning well in advance. Three steps are outlined in the short blog series about tasks… Read More »
Making Estate Planning a Women’s Issue
Estate planning is something that applies to every single person regardless of their position in life and current marital status. It’s often hard for women to understand the unique facets of estate planning that they must consider and in fact, in many estate planning seminars, women don’t even speak up. There are several different tips… Read More »
Using Multiple Layers of Protection in Your Estate Plan
Even those estates that are not very complicated can be protected using four best practices in the asset protection planning process. Complex estates require multiple layers of protection in order to guard against common pitfalls that could significantly decrease the value of your estate. A New York attorney was arrested in February due to charges… Read More »
What You Need to Know About Setting Up Estate Plans with Scholarships
Are you thinking about establishing a scholarship that will be given to someone after you pass away? This could be an excellent philanthropic venture to include in your estate plan but you need the support of an experienced estate planning attorney to understand how to incorporate this appropriately and how to ensure that your individual… Read More »
Family Finances Can Be Devastated by The Sudden Loss of a Loved One
The sudden death of a family member can have a significant impact on finances for everyone. Sudden deaths like those of Anthony Bourdain and Kate Spade illustrate why it’s so important to have done some work in advance with regard to financial planning. Attorneys, financial advisors and therapists all have chimed in in recent articles… Read More »
Stan Lee’s Planning Disaster Holds Important Lessons for All People
There are many different lessons we can learn about estate planning from the mistakes of celebrities today, and as more people live into their nineties and their one hundreds, it will become increasingly important to think about issues that are arise during the course of your life and not just your death. The elder abuse… Read More »