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Tag: Inheritance

Do Unmarried Couples Need Estate Planning?

Experts say that creating a plan for what happens to your estate — regardless of how meager or massive your assets — is key for unmarried couples who want their commitment to each other protected in the event of death.

Should I Use a Trust to Protect My Children’s Inheritance?

We have approximately $1.5 million in cash and investments, mostly in Certificates of Deposit (CDs). Our mortgage is paid and we have no debt. We have three adult children. Should we put out assets into a trust to better protect them for the future?

Can I Add an Adult Daughter to the Title of a Home?

I have a house with a mortgage that I purchased a little over a year ago. At the closing, I asked if I could put my daughter on the deed with me. However, the mortgage company wouldn’t allow it. I don’t want her to have to go through probate, because this is my only asset. Is there a way I can leave the house to her, so she can sell it and pay off the mortgage?

If I’m 35, Do I Need a Will?

It’s never too early to start estate planning. If you already have a family, getting your personal affairs in order is a must. The sooner you start planning, the more prepared you will be for life’s unexpected twists and turns.

Fixing an Estate Plan Mistake

Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability.