We provide uncomplicated explanations and personally work to unburden you from the sense of worry about your legacy and the intricacies of tax concerns.

Month: October 2020

Does your college student need an estate plan?

When you’re packing your young adult child off to college, you’re full of hopes and dreams for their future. Why, then, would you (or they) be thinking about estate planning? The answer is that everybody needs an estate plan, no matter their age or assets – and that...

3 ways an executor can reduce inheritance drama

One of the most difficult aspects of being the executor of someone’s estate is the fact that emotions can run very high. Not everybody (and maybe nobody) is going to agree with how you handle the job. What can you do to navigate this situation effectively, without...

Making use of an incentive trust

There are many different kinds of trusts you can add to your estate plan. One you may be interested in if you want to protect your assets from misuse is an incentive trust An incentive trust allows you to make clauses that your beneficiaries must meet if they want to...

When might you need a pour-over will?

A pour-over will is a type of will you can set up when you base your estate plan on a revocable living trust - which is something people may do to keep assets out of probate among other things. The problem with a revocable living trust is that you need to remember to...

How to ask a chosen party to be your executor

After determining the qualities you want your executor to possess and finding the right party, you need to initiate a conversation. But how do you ask someone to accept such a complex role? Here are three tips that can help you: Let them understand your criteria for...

Disinheritance tactics: What you should know

There are lots of different reasons that a parent may choose to disinherit one of their children – and it’s not always an adversarial situation. For example, parents may choose to disinherit capable, successful adult children to leave more resources behind for their...