There are two primary types of trusts — revocable living trusts and irrevocable trusts — and each one comes with different tax consequences.
While having a will is important – all adults over age 18 should have this document in place – it’s just one small part of an effective estate plan that works to keep your loved ones out of court and out of conflict.
If your child has special needs, you must understand exactly what’s necessary to provide for them in the event of your own death or incapacity.
Without a thorough understanding of how the legal process works upon your death or incapacity, you’ll likely make serious mistakes when creating a DIY will or trust.
If you leave your retirement account to the people you love outright, simply by naming them as beneficiaries on your retirement account rather than through a special trust, there are risks.
If you’ve started saving for your child or grandchild’s college education, it’s worth considering whether to use a 529 plan, education savings account, or Irrevocable Trust.
While your individual retirement plan and goals will be unique to your income, family situation and desired lifestyle, most Americans share a number of common retirement milestones.
While your child will now be a legal adult, you still have essential parental duties If you don’t support your child to step into adulthood with legal documents to help both of you, it can be challenging and costly for you to help them in the event of an emergency.
With all of the media about “digital wills” and “online estate planning,” it could be tempting to think you can do your estate planning yourself, online. Maybe you can, but if you do you need to know the potential pitfalls. […]
A last will and testament can ensure your wishes are respected when you die, but if your will isn’t legally valid, those wishes might not actually be carried out. Instead, the laws of “intestate succession” would apply, meaning that the […]
