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Posts tagged "Estate planning"

Sometimes the "Little Things" Have Big Impacts

Estate Planning family Heirlooms.jpgWhile sentimental belongings and "heirlooms" may or may not have a large financial value, they are often priceless to loved ones. These are items that evoke memories that remind those we leave behind of shared values and history. In this blog, our American Academy of Estate Planning Attorneys colleague discusses how to ensure your "tangible property" is distributed according to your wishes. CLICK HERE for the full article.

The Surprising Rewards of Caregiving

Estate Planning - CGRewards.jpgAs November came to a close, so did Caregiver Awareness Month - but we believe caregivers should be recognized every day! In previous blogs last month, we've taken a look at the number of Americans giving unpaid eldercare and the challenges they face. Though these hurdles are very real and often hard to overcome, caregiving can also be quite rewarding. It might just be the satisfaction of knowing your loved one is cared for with dignity. Or maybe it is the opportunity to "give back" to one who has spent your early years caring for you. Perhaps you just feel it is the "right thing to do" or feel you have no alternative. The things that motivate caregivers are as diverse as our population. In the following article, Care.com uncovers what they call: 10 Surprising Rewards of Caregiving. CLICK HERE to read more and let us know which of these rewards resonate with you.

Do You Know How a Trust is Taxed?

Estate-Taxes.jpgIf you're not an Estate Planning Attorney or a tax specialist, you may not know the ins and outs of how trusts are taxed. It's an important consideration in Estate Planning, and another of many good reasons to have an expert in your corner. This insightful blog breaks down the differences between "grantor trusts" and "nongrantor" trusts and the way they are taxed. Click Here for the basics

Aretha Franklin Died Intestate - Implications for her Family, & How to Make Sure it Doesn't Happen to You

Aretha Franklin.jpgAretha Franklin passed on August 13, 2018 - intestate. That means she had no will or trust and a judge will be deciding how her estate is distributed in public probate proceedings. This will have many implications for her family. Our American Academy of Estate Planning attorneys Colleague, Steve Harnett takes a look at some of them in this blog.

Single with No Children? Tips for Aging Solo

Estate Planning - solo senior.jpgMany elders rely on their children, grandchildren, nieces, or nephews to care for them, but for those without family - or whose families predecease them - that is not an option. This set of seniors is a growing population. Often these folks are called "Elder orphans" or "solo-agers" on the internet and in the media. Whatever the moniker, this stage of life presents the same challenges - and some unique ones - for those facing their golden years on their own. Thankfully there are some splendid estate planning techniques and terrific technological ideas out there to help.

Estate Planning is Not Just for Your Parents or Grandparents, it's for You, Too!

Estate-Planning-Young person.jpgEstate Planning isn't just for the old and gray, it's for anyone who owns anything and cares what happens to it. Maybe you don't own a home, or have other major assets, but you have a life insurance plan from your employer. Maybe you have none of those things but still need to legally designate who makes healthcare decisions when you cannot - you still need a plan, or the government makes one for you. Our American Academy of Estate Planning Attorneys colleague, Steve Hartnett breaks it all down in this blog. CONTINUE READING

Special Accounts for People with Special Needs

Special-Needs_Photo.jpgIn the last blog we shared from our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, we looked at 529 accounts. Here, he discusses 529A accounts. Like 529 accounts, the 529A is meant to be used for educational opportunities. The difference is that the 529A was created under the The Achieving a Better Life Experience or "ABLE" Act, and is specifically for people who became disabled prior to the age of 26 years old. CLick here to learn more.

6 Important Estate Planning Considerations - Part 6: Taxes

taxes2.jpgThe following is the final installment of our American Academy of EState Planning Attorneys colleague, Steve Hartnett's 6 part series on important estate planning considerations. Here, Attorney Hartnett advises considering the tax implications when drafting your plan, outlining things for clients to consider for not just themselves - but also for potential beneficiaries. Click here to read more.

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