Perhaps you are a loved one of adult elderly parents who may be in need of nursing home support and assistance or perhaps you are trying to help a friend who may need to go into a nursing home very suddenly. Paying for nursing home costs unexpectedly can quickly destroy a lifetime of savings. Long-term […]

There’s a strong chance that you don’t have the knowledge, patience, interest or time to deal with complicated financial matters. This is one of the biggest reasons why people end up pushing these important financial and estate planning considerations off your plate and into the wings. But it can be a big mistake to ignore […]

Many people might have overlooked the long-term implications of the Tax Cuts and Jobs Act. This 2017 act, however, has marked a real change from previous estate tax planning towards lifetime planning. There are major opportunities to mitigate estate tax liabilities by gifting wealth and assets outright to beneficiaries or giving them to a trust […]

It’s easy to get emotional about money, especially if you have spent much of your life working towards establishing and accomplishing financial goals. As your goals change through the various phases of your financial life, you will shift from accumulating assets to figuring out how to protect them and to distribute these to your loved […]

Planning ahead for your future retirement and estate planning goals might lead you to question whose name is listed on the deeds to homes. Sometimes it can be the right decision to put your home into your children’s names, but this can also create grounds for family conflict and problems if you have multiple children. […]

Selecting someone to serve as a trustee over this popular estate planning strategy is important because this individual might have regular and ongoing contact with your beneficiaries and loved ones.  As a result of this direct contact and the need to have open minds of communication between beneficiaries and trustees, it’s a good idea to […]

A power of attorney document enables someone else to make decisions on your behalf when he or she is installed as the agent. If you sign a power of attorney, you are called the principal.  In many instances, an appropriately drafted durable power of attorney can avoid having to go through additional court procedures such […]

The laws are generally not very strict about who can serve in the important role of a trustee or administrator of your established trust. However, some careful thought and consideration should go into this process. The legal requirements for a person to serve as a trustee require that he or she be over 18 years […]

Do you have specific wishes or rules you’d like to place about inherited wealth? An independent and professional trustee might be the right choice as you select and fund your trust. A professional trustee who is familiar with all of the requirements of him or her can deliver consistent, unbiased and prudent administration of trust […]

Two key individuals might be installed as part of the management of your estate plan either during life or after you pass away. These are known as your executor and your trustee. These are individuals who implement your plan after it has been articulated in estate planning documents. Both of these individuals often determine the […]