What you need to know about Joint Tenancy
Sometimes people use Joint Tenancy as a simple way to do Estate Planning. This can have drawbacks, sometimes serious and unexpected.
Revocable Living Trust: What You Need to Know
A revocable living trust is an essential aspect of any estate plan. Also known as a living trust, it is a legal entity created to hold personal and family assets. There are two parties involved in a living trust. They are the grantor, or trustmaker, and the trustee. Often, they end up being the same person. A revocable living trust goes through three phases which are outlined here.
Who Should you Discuss your Estate Plan With?
Once you've finished making your Estate Plan who should [...]
Insurance — Do I Really Need It?
In America, we love insurance. We have insurance on [...]
5 Things to Know About Gift Tax
Gifting is often used as an estate planning tool. [...]
529 Plans at a Glance
With the rising cost of college tuition, many people look [...]
Revocable Vs. Irrevocable Trusts
A trust is a legal tool used to transfer [...]
I’m Not Married and I Don’t Have Any Children – Do I Still Need an Estate Plan?
I’m not married and I don’t have any children - do I still need an estate plan? The answer is always YES! If you have any assets at all you need an estate plan.
Top Estate Planning Mistakes To Avoid
When you make a mistake with your estate plan, it can be irreversible. If the mistake you made isn’t realized until after you or your loved one passes, it could create a nightmare for the survivors.
Why do I Need an Estate Plan Anyway?
Most if not all people should have and can benefit from a comprehensive estate plan. In this article, we will cover some of the common reasons to make sure you have an estate plan in place.