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15 Sept 2020
life insurance estate plan

Life Insurance | An Essential Part Of Your Estate Plan

Whether your estate is small or large, life insurance is an essential part of your estate plan and should not be overlooked. Life Insurance provides liquidity to your estate and it increases the value of your estate. Benefits are paid quickly to your beneficiaries, once a death claim form and original death certificate is provided to the life insurance company.

03 Aug 2020
why you need estate planning

Estate Planning: Why You Absolutely Need it

One goal of estate planning is to make sure your wealth and other assets go to those you intend (and not to others), with particular emphasis on minimizing taxes so that your beneficiaries can keep more of your wealth. But good estate planning also can reduce family strife, and provide clear end-of-life directives should an individual become incapacitated. Here’s why you absolutely need it...

31 July 2020
estate planning checklist inventory

Estate Planning: A 7-Step Checklist of the Basics

You don’t have to be rich to need estate planning. Your estate includes everything you own, and it can be any size, which is why it can be worth taking time to plan for what happens to it. Here's what estate planning is and 7 things you can do to get started.

20 July 2020
getting your affairs in order

Getting Your Affairs in Order

Preparing and Organizing Legal Documents for the Future— it's this kind of planning that can make all the difference in an emergency. Getting your affairs in order can be difficult, but it is an important part of preparing for the future, for you and your loved ones. It is important to gather as much information as possible to help ease the process.

11 June 2020
life insurance estate planning

Protect Your Estate With Life Insurance

Life insurance may play a vital role in an estate plan because insurance proceeds can be counted on to provide liquidity when it’s needed. With proper planning, insurance money can pay expenses such as estate tax and keep other assets intact.

27 MAY 2020
technology estate planning digital

Why You Must Include Technology in Your Estate Planning

The technology you use regularly must be incorporated into your estate planning. The key issue for all your online activities is there is no paper trail unless you create one. Unless you tell them, your executor and heirs have no way of knowing about your e-mail accounts, electronic banking and brokerage accounts, online social networks, blogs, and more.

19 MAY 2020
estate planning checklist 12 steps

Estate Planning Checklist: 12 Steps You Need to Take

You need an estate plan. This is true even if you don't have a lot of assets. It's also true if you're young, or if you don't have close family members. Estate planning means preparing for the inevitabilities of life. People get sick or hurt… become incapacitated, unable to make important decisions on their own, or unable to live independently. Estate planning helps to protect your family and your assets in any of these unfortunate situations.

18 MAY 2020
estate-planning-divorce

Estate Planning Documents to Update When Getting a Divorce

If you are considering divorce or beginning the process of getting divorced, you must review your estate plan to make sure it reflects your life change. Keep in mind that it doesn’t matter how far along the divorce is or how long the action has been pending, the law considers you to be legally married until the judge signs the final decree ending the marriage.

16 MAY 2020
guardian-for-your-minor-children

Naming a Guardian for Your Minor Children

Naming someone to serve as a guardian for your child may seem overwhelming. While there is a lot to consider, the bottom line is that you'll need to put these seven considerations in order of priority for you and your children.

09 MAY 2020
covid-19-estate-planning

Estate Planning During The Covid-19 Crisis

Across the country, Americans are reeling from the impact of the Covid-19 crisis. But as volatility impacts all areas of our daily life, many wealthy Americans are looking at their estate planning to see if there are any unique opportunities. While this may seem to be an odd time to focus on estate planning, when it comes to wealth transfer, timing is everything.

30 APR 2020
covid-19-estate-plans

Pandemic highlights importance of estate planning

In these challenging times, estate planning can be at the forefront of ensuring that clients and their loved ones are protected. Certain high-risk groups may be more motivated to update existing plans or establish estate plans for the first time. Others who have perhaps put them on the back burner now want to get their plan over the finishing line.

29 MAR 2020
estate-planning-mistakes

Estate Planning Mistakes People Make Over and Over

You should talk to your heirs while you're still alive about your wishes. Confused loved ones and stressed families must endure long, complex legal processes when a proper estate plan isn't put into place, and lawsuits may ensue.

16 MAR 2020
great-wealth-transfer

What the Great Wealth Transfer Means For the Economy

The baby boomers hold more than half of all the wealth in the United States. As they age they’re going to begin transferring that wealth to their adult children. That comes with significant consequences for personal finances and the financial advice industry, not to mention ensuing generations.

14 FEB 2020
preneed-prepaid-funeral

What Is a Prepaid Funeral Plan?

A prepaid burial plan isn’t as much a product as it is a preparation strategy. It’s simply taking steps to layout everything connected to your funeral, and prepaying the funeral home. Create your plan now so loved ones don't need to do it later.

3 FEB 2020
estate planning in the digital age

The Ultimate Guide To Estate Planning In The Digital Age

Given the nature of our digital world, today, as well as the privacy, security and identity theft precautions you must take, the last thing you want is a notepad in a drawer somewhere. Estate planning is essential. Learn how to be prepared for what is inevitable!

21 JAN 2020
what is a living tust

How Living Trusts Can Safeguard Your Assets

A living trust is a type of estate planning tool that allows you to transfer ownership of your assets to a separate fund while you're still alive. Figuring out who should get your assets after you die can be tough. You want to ensure that each heir gets the right amount, in the way you want to give it and without unnecessary delays. For this reason, a living trust can be very attractive.

10 JAN 2020
estate-planning-pets

How to Make Plans to Provide Care for Your Pet

If you have a pet, you undoubtedly take steps to be sure he or she is cared for if you go on vacation. Consider what would happen if you became incapacitated without provisions for your pet. The best way to take precautions and ensure your pet will be well cared for is by doing some estate planning.

25 NOV 2019
inheriting-property

What Happens When You Inherit a House?

Inheriting a house — while a generous gift from a loved one — kicks off a process that can be fraught with emotion. You’re likely receiving this property as a result of a loved one’s death, and the financial decisions that come with inheriting property can be stressful and confusing.

20 NOV 2019
important-papers

Important Papers to Locate After Someone Dies

Family members will need to locate all of the decedent's important papers. It will give family members and, if necessary, the estate attorney assisting the family with settling the decedent's final affairs, all of the pertinent information needed. Copies of the documents are fine unless otherwise noted.

04 NOV 2019
funeral-conversation

How to Make Your Funeral Wishes Known to Your Loved Ones

The Final Arrangement Documents You Need for Your Funeral Wishes. Creating a final arrangements document can ensure your final wishes are carried out upon your death and ease the burden of making those difficult decisions for your loved ones.

25 OCT 2019
intergenerational-wealth-transfer

How Much Inheritance Is Too Much?

Some wealthy parents are concerned that after a certain point, money passed down will be damaging to the next generation. The worry that money might be damaging to those who inherit it is not necessarily a groundless rich-person neurosis.

02 OCT 2019
death-of-parent

A Financial Checklist After the Death of a Parent

No one thinks dealing with the loss of a parent will be pleasant. We expect a morass of unfamiliar and uncomfortable emotions. We anticipate unprecedented grief. But no one warns us about how much math and paperwork it entails.

17 SEP 2019
estate-planning-canadians

Canada’s Deemed Disposition Tax— What You Need To Know

The deemed disposition tax, which is similar to the estate tax in the U.S., is deferred when assets are transferred to or held in a spousal trust for a surviving spouse. Creating a trust allows you to transfer assets while you are still alive, which avoids probate costs.

29 AUG 2019
beneficiary-bank-accounts

How Important Is It to Set Up Beneficiaries for All Your Accounts?

Wherever you are on your path towards financial independence, it’s important to think about what would happen to your financial accounts if you unexpectedly passed away. It seems like a morbid thought, but planning for the well-being of your family is essential.

19 AUG 2019
secure-important-documents

Here are the best ways to secure important financial documents

Let’s face it, when it comes to storing important financial documents, a shoe box under your bed doesn’t really cut it. Estate-planning documents — such as wills, trusts, living wills, medical directives and powers of attorney —are very important... So where do you keep them safely secured?

09 JUL 2019
inherit-car

Inheriting a Classic Car

When we talk about inheritance, we usually think about land, money, or a house, but rarely a classic car which is why a lot of people have no idea on what to when they inherit one, especially if they have no idea about its value, its make and model, or have little idea about cars altogether.

14 MAY 2019
emotional-blocks

5 Emotional Blocks to Estate Planning

Death and taxes are two subjects that are both emotionally charged. Nobody wants to talk about either one of them — together they are, well, taxing and deadly.

20 MAR 2019
funeral-on-a-budget

Planning a Funeral With a Budget

The loss of a loved one takes a heavy emotional toll and —if you’re not careful— it can take a financial one as well... So, what can you do to protect yourself and your loved ones?

18 MAR 2019
prepaid-funeral

How to Create a Financial Funeral Plan

Funeral costs can create a financial burden for your loved ones if they're not prepared to pay for them. Planning Now for Funeral Expenses Can Help Your Loved Ones Later.

11 MAR 2019
digital-estate-plan

How To Create A Digital Estate Plan

The digital world is now an integral part of our personal lives. Few people consider their digital assets and what should be done with them when they pass away. This is where having a digital estate plan in place can be a great idea.

10 JAN 2019
estate-plan-roles

Personal Representative vs. Trustee

If an estate plan includes a trust, those concerned should understand the fundamental differences between these two roles. Both are types of "fiduciaries" with a responsibility to act in the best interests of the estate and its beneficiaries, but each plays a very different role in an estate plan.

04 OCT 2018
notary

12 Documents to Prepare Now for Your Heirs

Assembling legal documents pertaining to your estate is key to ensuring your final wishes are carried out. NO ONE LIKES TO THINK about death and end-of-life arrangements. However, being prepared for the inevitable is not only a smart thing to do, it's also a kind thing to do for loved ones.