Saving for School: Planning for Your Family’s Education
If postsecondary education is in your family’s future, the following tools can be excellent additions to your estate plan to help provide for education needs.
The “Death Box”: One Step That Can Make a Difficult Time Easier for Your Loved Ones
Losing a loved one is challenging enough without added complications. One way you can take some of the pain out of administering your estate is by preparing a death box, also called a death binder, next-of-kin box, or legacy folder. It serves as a centralized place to organize important information and documents in a productive, practical way, ensuring that all necessary paperwork is kept in a single location and that those who need it know where to find it.
The Family Meeting: Not Just for Billionaires
In estate planning, future problems are exactly what family meetings are intended to avoid. The longer such discussions are delayed, the greater the likelihood that they never take place and that unresolved family issues will rear their ugly heads when money changes hands.