Tag Archives: estate planning
Can You Create a Trust for a Minor?
As families explore the various ways to manage their estates and care for their children, they may consider the benefits of a trust. Trusts are essentially legal arrangements in which property is transferred for the future use of a beneficiary. These estate planning tools are becoming increasingly popular, as they offer a number of tax […]
Modifying or Terminating a Trust: a Primer
Most people associate estate planning with setting up a will, but depending on your circumstances and the value of your estate, there might be more to it than that. In fact, it might be possible to better protect your loved ones and your assets through a living trust. This represents an increasingly popular estate planning […]
The Federal Estate Tax May Be Permanent
As you may be aware, there is a federal estate tax in place for high-value estates, placing significant burdens on those who are subject to the tax. Many critics refer to this as the “death tax” and argue that it places an unfair burden on individuals who are already dealing with the death of a […]
Digital Assets Present New Challenges in Estate Planning
As technology evolves, more of our lives are now online. And as our population slowly shifts from home storage to digital, fewer people hold on to physical copies of certain types of property. This includes things like photographs, documents and various digital assets. What makes digital assets especially unique is that they may be copied […]
Does Insurance Money Get Processed Through Probate?
When someone close to you passes away, it can be very difficult to think about practical matters like settling that person’s estate. There are bound to be many questions related to this process, especially when it comes to items like the deceased individual’s life insurance policy. One of the most common questions that people want […]
Your Will: An Important Document that Should be Kept Safe
Wills are important documents that help protect both you and your loved ones. They clearly outline how your property will be divided and name your beneficiaries. After drafting your will, you should be sure to keep it in a safe place, but also make sure your loved ones know where to find it in the […]
Complications Expected as Same-Sex Couples Tackle Estate Planning
In January, same-sex couples were officially given the green light to marry in Florida. With Florida becoming one of the most recent states to legalize same-sex marriage, same-sex couples from all over the Sunshine State were able to legalize their unions. With this right also comes a number of legal ramifications in the form of […]
Getting Your Affairs in Order Will Give You Peace of Mind
You may have heard that it is never too early to get your affairs in order. While this might seem like ominous advice, an important point to remember is that when you begin estate planning early, you can rest easy knowing you don’t have to think about it during the twilight of your life. Retirement […]
Caring For Your Furry Friends Through Pet Trusts
Part of estate planning is thinking about how you would like to provide for your loved ones after you have passed away. For many people, this means making provisions for their spouses, children, and yes, pets as well. Fortunately, through pet trusts, a pet owner can provide for the care and maintenance of their pet […]
Attaching Strings to What You Leave Your Heirs
In some situations, parents may be concerned about the prospect of what their children would do with their inheritance should they pass away. While there is always the option to disinherit specific heirs, this will likely only be viewed as a last resort. Instead, you do have the option to add strings or conditions to […]