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One of the best reasons to do estate planning is just to stave off family disputes before they begin. Without a plan, heirs will often argue over all manner of things.In some cases, they disagree on who should get specific assets. Two children may want the same...
Many Americans feel like their student loan debt is going to follow them to their grave. That's not an unrealistic fear. In 2018, people over 50 owed a cumulative $260 billon-plus in student loan debt. Just 14 years earlier, that figure had been $36 billion.So what...
When people think about a will that is not valid, they often think about a fake will. Maybe, after a parent's passing, an heir drafted a will that gave them a far greater share of the estate than they got in the original. There is a clear chance for financial...
You have $10,000 in credit card debt. If you pass away, does that debt simply go to your children? Are they obligated to pay?This is an important question to ask when doing your estate planning. The truth is that, in most cases, children do not need to pay for debts...
One reason people sometimes give for not doing their estate planning is that they don't think their estate is complex enough. Maybe they don't have multiple homes or properties. They don't have complex investment portfolios. They don't want to use trusts or give to...
Coping with the death of a loved one and the formal probate proceeding can be daunting. If the decedent's assets are not already transferring outside of probate, for example by jointly owned property, trust property, or property determined by beneficiary designation,...
When people generally talk about education trusts, they mean that the money can be used to pay for tuition and related costs at a college or a university. It is important to note that, while this is how it often works, the trust does not have to be so limited. It can...
Estate planning does not always have to mean putting money in a trust or writing out your assets in a will to give them away after you die. You may want to gift money to your heirs before you pass away.For one thing, this can help to reduce the tax burden on the...
Dear Clients and Prospective Clients,Although our physical office is temporarily closed, our virtual office is up and running! If you have been thinking about starting or changing your trust or will, now is the time to do so. The entire process can be completed from...
Estate planning is always wise, and life is unpredictable. About 40,000 people die in car accidents every year, and none of them anticipated that happening at the beginning of the year. The goal of estate planning should always be to get it done in advance so that the...