Make A Plan For Managing Your Inheritance
It may be tempting to view new inheritance as ‘found money’ that can be spent freely. However, unless your current financial plan can ensure that you’ll comfortably reach all your
It may be tempting to view new inheritance as ‘found money’ that can be spent freely. However, unless your current financial plan can ensure that you’ll comfortably reach all your
It’s possible to reduce your taxable estate through a variety of techniques and strategies when estate planning to help ensure your wishes are carried out after your death. Indeed, the
Not all assets are created equal. One such asset to consider in your estate plan is firearms. If you own one or more guns, careful planning is required to avoid
Your estate plan can quickly be derailed no matter how much you prepare, should you or a loved one require long-term home health care or an extended stay at an
Generally, it’s important to build flexibility into your estate plan using various strategies because life circumstances change over time, including those related to evolving tax laws and family situations. One
While you may have your estate plan, will, trusts, and other official documents in order, it might be in your best interest to have an additional document as well. Known
Moving your trust to a different jurisdiction may have favorable results for a few reasons. For instance, moving to a different jurisdiction may help you avoid or reduce state income
If you want to share some of your wealth with your grandchildren or great grandchildren — or if your estate plan is likely to benefit these generations — it’s critical
Trustees often worry that beneficiaries might squander their inheritances or simply aren’t equipped to handle the financial responsibilities that come with large sums of money. If this is a concern,
Life insurance used to have a much larger role in an estate plan than it does today. Why is this? Because families would use life insurance payouts to pay estate