Interesting Stats About Millennials and Estate Planning

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Interesting Stats About Millennials and Estate Planning

By now, a majority of millennials are in their 30s, with some approaching their 40s. This means they may be achieving a certain level of financial stability and starting a family A majority of millennials do not yet have an estate plan in place. But the number of individuals in this generation who establish crucial […]

How Estate Planning is Getting Increasingly Digital

Businesses of all types are going increasingly digital with their operations. This has been in the works for years, but was accelerated due to the COVID-19 pandemic. Many fields of law are also seeing an increased reliance on digital technology, and estate planning is no exception. Consider the following: Multiple states already allow digital estate […]

Life Insurance Can Assist With Estate Planning

Life insurance exists to protect your loved ones after your passing and ensure they have sufficient resources to get by in your absence. It can also be a critical tool for your estate planning. Here are just a few instances where life insurance can be helpful as you plan your estate: Covering end-of-life expenses: Life […]

How to Take Full Advantage of Gifts in Estate Planning

If you have an estate plan, chances are you have outlined how you would like to divide your wealth and assets among your friends and loved ones. But you can actually maximize the power of gift giving for estate planning by giving gifts while you are still alive, and have the added benefit of being […]

Make Sure You Update Your Estate Plan After a Divorce

Divorce brings about a significant amount of change in an individual’s life. Anytime you experience that degree of change it is important to review your estate plan to make sure it aligns with your current wishes and your new life. Here are a couple tips to ensure your estate plan is reflective of your current […]

Tips for Including Stepchildren in a Will

If you pass away without a will, intestate succession laws will provide for your spouse and biological children, but not for any stepchildren who you may wish to inherit from your estate. Therefore, it’s important to be proactive about creating and revising a will to include all of your desired beneficiaries to be included. Here […]

Bequeathing Non-Cash Assets to a Charity in Your Estate Plan

Many people choose to leave money to charities in their estate plan as a way to support their favorite organizations or causes. Doing so also can decrease their potential estate tax liability. However, making gifts to charities under your estate plan does not have to mean giving them cash. There are other types of assets […]

The Benefits of an Open Dialog About Estate Planning

Estate planning is a difficult topic of conversation to broach. No one likes to think about their own mortality and it can be difficult for family members to grapple with the idea of losing a loved one. However, it is far more advantageous to have an open dialog about estate planning issues than to procrastinate […]

Estate Planning in a Pandemic: Tips to Consider

Estate planning can be a complicated endeavor even in normal circumstances. But as we head into a third year affected by the global COVID-19 pandemic, it has become even more important for people to make sure they have an estate plan in place and, if not, to perform the necessary preparations for their future. Here […]

What to Include in a Living Will

A living will is a legal document that provides instructions to doctors and providers about your preferences for end-of-life medical care. Living wills are beneficial because they remove some of the burden from your healthcare surrogate to make decisions on your behalf. Here are a few of the items you may wish to include in […]