An Estate Plan Can Keep Your Heirs from Having to Guess What You Wanted
Passing away without an estate plan is a huge mistake that can tie up your estate for years in probate.
January 17, 2020 No Comments
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It’s Important to Keep Your Will Up to Date
When the ‘Queen of Soul’ Aretha Franklin died last year, it was believed that she hadn’t prepared any kind of estate plan, including a last will and testament. However, a few months ago, three handwritten wills were found in her home near Detroit. Two were in a locked closet and one was stuffed beneath the cushions of a couch!
January 16, 2020 No Comments
How Estate Planning Keeps the Peace for Blended Families
Even a close family can have quarrels and confrontations, but these conflicts tend to be more prominent within a blended family.
January 15, 2020 No Comments
Estate Planning Tips for Couples without Children?
If you and your spouse are child-free, you may think you don’t need to think about comprehensive estate planning—but you’d be wrong. You’ll still want to ensure your assets go where you’d like them to after you’re gone, rather than being divvied up by the state.
January 14, 2020 No Comments
What Happens When You Inherit a Home?
Understanding what happens when you inherit a house, as well as addressing the tough financial and emotional decisions on what to do with the home, can be intimidating.
January 13, 2020 No Comments
I’m a Fiduciary – What Do I Need to Know?
Years ago he signed a power of attorney document naming me as his agent, so I could help him with these types of things. Not ever having done this before, what do I need to know about fiduciary duty?
January 12, 2020 No Comments
What To Do If A Beneficiary Dies Before Receiving An Inheritance?
The death of a beneficiary scenario can arise in settling either a probate estate or a trust administration. The beneficiary’s death affects both the administration of the first decedent’s probate estate or trust and the administration of the beneficiary’s own estate.
January 11, 2020 No Comments
Your Spouse Just Died … Now What?
In many relationships, it’s common for one spouse to play money manager and the other to take a more passive role. This, however, can lead to major complications, when the financially dominant partner dies first.
January 10, 2020 No Comments
What Is a Pour-Over Will?
When you create a living trust, you also sign a pour-over will. One of the main benefits of a trust is avoiding a court proceeding on death called probate, which is when wills are used.
January 9, 2020 No Comments
When are You Done with Estate Planning? Hint: Review Your Plan Regularly!
As we approach our 70s, we feel like we have everything covered. We don’t have long-term care insurance, but with the income we have off the farm and with our savings, we feel pretty comfortable. Is everything we have enough?
November 15, 2019 No Comments
