How COVID-19 Affected Estate Planning in America

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How COVID-19 Affected Estate Planning in America

The COVID-19 pandemic has had a significant impact on the lives of people around the world. One effect of the pandemic, however, has led people to take a greater interest in estate planning so they can provide for their spouse or children. Here are a few specific examples of how COVID-19 has impacted estate planning […]

You May Need to Change Your Estate Plan As Your Children Grow

Many people first consider estate planning once they have their first child. It is great to take the initiative to develop an estate plan once you have heirs to consider. However, it is equally important to make sure you update your estate plan as your children age and your own needs change. When your children […]

Demand for Estate Planning is Booming Among Millennials

Estate planning among younger adults is on the rise. For the first time, millennials have overtaken baby boomers as the largest generation that is caring for both children and aging parents. With millennials having more life responsibility, it is no surprise that more of them have gotten serious about estate planning. What are some of […]

Cryptocurrency Becoming Increasingly Common in Estate Plans

As more people enter the cryptocurrency sphere, the uses for crypto are becoming more widespread. For example, donations to charitable organizations using cryptocurrency are becoming more common through wills and trusts. Crypto in the nonprofit world At this point, approximately 10 percent of Americans own some form of cryptocurrency. Crypto has left behind its roots […]

Emerging Trends in Estate Planning for 2022

The field of estate planning, like other areas of law, is constantly evolving. While the basics of estate planning remain relatively consistent, there are new trends that may influence a person’s estate planning decisions. Here are a few examples of some current estate planning trends: Family limited partnerships: Family limited partnerships exist to enable grantors […]

Concerning Trend: Middle-Aged Americans Aren’t Performing Estate Planning

A recent survey from Caring.com and YouGov polled over 2,600 American adults, and discovered that for the first time, Americans between the ages of 35 and 54 are actually less likely to have a will in place than Americans between the ages of 18 and 34, a trend some would consider concerning. An overview of […]

Reasons to Consider Establishing a Special Needs Trust

Special Needs Trusts (SNT) can be of great use for parents of children with special needs. Here are a few of the biggest reasons why you should consider including one in your estate plan if you have a child with special needs. Protect your child’s government benefits: Proper estate planning can help you preserve your […]

A Major Risk to Manage When Near Retirement

As you get closer to your ideal retirement date, it is understandable to become nervous about market volatility. A major crash could be devastating to your ability to retire on time. Therefore it is so important to plan around potential market volatility in your savings and retirement planning, and stay focused on managing that potential […]

Receiving an Inheritance Could Change Your Own Estate Plan

Receiving an inheritance can be a significant blessing, but can also result in some financial complications. The beneficiary might not know how to best manage the money, resulting in some financial troubles. When you receive an inheritance, it is important to spend some time readjusting your own financial situation and to review your estate plan, […]