Planning for Digital Assets

Tag Archives: estate planning

Planning for Digital Assets

These days, digital assets are more common. From Bitcoin to other assets, it is important to let your heirs know what you have stored away, where to find those assets and how to access them. Now that digital assets are more common in wills, it is a good idea to know how to plan for […]

Is it Time to Consider Aging in Place?

As we get older, it is difficult to carry on with our lives in the same manner and changing physical ability can make it tough to live in your home. Aging in place renovations can make a home easier to navigate as one grows older. Here are some ideas to consider: Who should age in […]

Can Your Parents’ Debt Be Inherited?

Sometimes, parents leave behind more debt than assets. What happens when a parent leaves nothing but debt? Are you liable for their financial choices? Debts you could be responsible for A beneficiary is not individually responsible for a debt of the estate. However, if and when the asset is no longer part of the estate […]

Estate Planning Misconceptions

It’s time to create an estate plan—but how should you distribute your assets? These common estate planning myths and misconceptions can scare off would-be testators. While working with an estate planning attorney is the best way to ensure your estate is divided and distributed according to your wishes, understanding the truths behind these misconceptions can […]

How Joint Tenancy And Your Estate Plan

Owning property as joint tenants with rights of survivorship is a popular way to avoid probate—but it will also affect how you distribute assets under your will and overall estate plan. Because joint tenancy with rights of survivorship allows property to pass to the other joint tenant automatically, title holders should avoid conflicting instructions in their […]

Estate Planning After a First Marriage

Going through a divorce or getting remarried, especially if you are creating a blended family, can complicate your estate plan. If you want to protect your children’s inheritance, you may need to update your estate plan. Here are some factors to consider: Wills:Whether you are getting remarried or newly single, you should update your will […]

Why Life Insurance is a Smart Estate Planning Tool

Estate planning usually involves a lot of moving parts. From protecting your assets to providing for loved ones and avoiding probate, there are plenty of tools available to accomplish your goals. Investing in life insurance can be a smart estate planning choice. Life insurance can help avoid probate Life insurance proceeds typically do not go […]

Top Mistakes to Avoid When Making Gifts

A smart estate plan strategically avoids taxation whenever possible. If your estate exceeds the federal estate tax threshold (currently over $12 million), making gifts before your death, if done properly, could lower your federal estate value and avoid taxation. Unfortunately, some gifts trigger IRS scrutiny—even if you are not trying to avoid the estate or […]

Estate Planning Tips for Unmarried Couples

In 2015, the landmark opinion of Obergefell v. Hodges provided for the legalization of same-sex marriage in all 50 states. This Supreme Court decision impacted many areas of law, such as divorce and family law and probate. Today, estate planning for married LGBT couples is essentially the same as for any other married couple. But […]

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 […]