We have written several aspects about the role IRAs can play in your comprehensive estate planning strategy, as well as several concerns that accompany them. Here, we will address the two common choices facing non-spousal individuals listed as heirs for an IRA account that is not slated to go to…
In the past, a trust was something that seemed useless for many Americans. It was a term often used to refer to the bank accounts of wealthy individuals. However, trust can be useful tools for many individuals. You don’t have to be a millionaire to make use of them, either.…
For some people, the term “estate planning” conjures up images of wealthy families complaining about the estate tax. However, estate planning is an important responsibility for all adults with assets that they wish to leave behind. This is especially true today as most people are becoming increasingly familiar with the…
An important part of your estate plan is making sure that it provides for your heirs in the way you want it to. While you may take pains to make sure your estate plan is comprehensive and covers all your bases, it is important to factor your heirs and their…
Each individual state has its own trusts and estates laws. While there are many similarities among these laws, there are also important differences. Some states are notoriously difficult when it comes to the probate process. Fortunately, other states – like New York – make the process much easier when you…
Estate planning can be a difficult topic and is likely to touch on unpleasant emotions. However, it is an important part of comprehensive, responsible financial planning. Mistakes can be costly and some pitfalls can be difficult to recognize. In this three-part series, we will explore some of the biggest mistakes…
Comprehensive estate planning is an important part of aging, especially if you have already started a family. Estate planning for young families can be an unpleasant topic, but it is extremely important. Making sure that your heirs are provided for not only provides you with peace of mind, but also…
Comprehensive estate planning can be a confusing process. It can be even more confusing with larger estates or with multiple children. Parents want to ensure that their estate plan provides for their children’s financial security, but in circumstances where children may be in different financial situations or a variety of…
Comprehensive estate planning can be an extremely complicated process for an individual. This is even more true when the individual owns a business. The owners of closely held businesses own businesses with a limited number of shareholders and the stock in such businesses is not regularly traded publicly. While this…
Comprehensive estate planning is a deeply personal process. There are so many different factors to consider, and working with an experienced estate planning attorney can help streamline the process and ensure that you explore all of the aspects of estate planning that pertain to you. One of the most difficult…