Caring.com has been conducting research to get a feel for the estate planning preparedness of American adults each of the last few years. Their findings are surprising, and not in a good way. You would expect younger adults to be unprepared, and the statistics confirm this assumption. Just over … [Read more...] about A Step-by-Step Approach to Estate Planning
Generational Wealth: Leveling the Playing Field
Generational wealth is wealth earned by one generation and passed on to the next. Generational wealth is key to allowing the next generation to be free from the burden of having to live hand-to-mouth and allows them to pursue an education and build a career or business to build a better life for … [Read more...] about Generational Wealth: Leveling the Playing Field
Three Reasons to Use a Revocable Living Trust
There are many commonly held misconceptions when it comes to estate planning. One of them is the notion that a last will is the right asset transfer vehicle for everyone that is not very wealthy. While it is true that high net worth individuals use certain types of trusts to gain estate tax … [Read more...] about Three Reasons to Use a Revocable Living Trust
Aging, Alzheimer’s & Incapacity
As estate planning attorneys, we focus on matters that are sources of concern for senior citizens. In this post, we will address a particular unpleasant reality that everyone should confront head on. Anticipated Longevity There is a tool on the Social Security Administration website that you can … [Read more...] about Aging, Alzheimer’s & Incapacity
Leaving Assets Can Be Tricky – Part 3
Leaving assets to your adult children or other beneficiaries may seem simple. But in many situations, it can be quite tricky. For example, if you have a beneficiary with special needs, you must take special care. Read on to learn more. … [Read more...] about Leaving Assets Can Be Tricky – Part 3
Four Reasons to Use a Trust Instead of a Will
Many people assume that a last will is the right estate planning document to use unless you are extremely wealthy. High net worth individuals certainly do use trusts, but there are many other reasons why a trust can be a better choice than a will, irrespective of your net worth, and we will look at … [Read more...] about Four Reasons to Use a Trust Instead of a Will
