When Should I Update my Will?
This is a common question most people are afraid to ask because they assume if they ask the answer will be “now”. A properly drafted last will and testament should ...
This is a common question most people are afraid to ask because they assume if they ask the answer will be “now”. A properly drafted last will and testament should ...
Difficult Estate Planning Decisions Maybe you have a son who has made horrible financial decisions in his adult life and you are worried about leaving him a large sum of ...
An ILIT is Protected from Creditors One of the great benefits of an ILIT is the protection it provides from creditors. When a person dies, commonly there are debts owed ...
ILIT’s There basically two types of ILITs. One is a single life insurance trust. This trust is designed to insure the life of one person. The other type is a ...
A Common Misconception Parents commonly assume naming a married couple to be guardians of their children is a good choice. You may have a sister and brother-in-law who are great ...
Choosing a Guardian is Not an Easy Decision Choosing a guardian for your children in case something happens to you and your spouse is an important decision which should be ...
New Jersey’s Plan Each state offers its own 529 program for saving for college and most programs are available to residents of any state. So a resident of Colorado ...
Consider All Your Options Many parents and grandparents set up a trust to provide for their children’s or grandchildren’s education. Such trusts typically provide instructions to the trustee to preserve ...
Don’t Give What You Don’t Have If you leave beneficiaries specific dollar amounts in your will or trust documents, you may be creating a situation where the estate cannot afford ...
Life Estate Protects Loved One When a person gives a life estate to a beneficiary, the beneficiary is entitled to possess and occupy property (usually real estate) for the length ...