Tag: Estate Planning

Settling a loved one’s finances when they pass away can be an emotional and complex task. With that, a legal process that often comes into play is probate. Implementing probate

Helping to ensure your assets are distributed according to your wishes is the main intention of estate planning. However, circumstances can change in an instance, making it difficult to predict

A trust protector is a person or advisor appointed to oversee certain aspects of a trust and respond when circumstances change. Depending on the trust document, a trust protector may

For those with estates large enough that gift and estate taxes are a concern, grantor retained annuity trusts (GRAT) can be valuable estate planning tools. A GRAT allows you to

The assumption that estate plans are only for those who are older or have substantial wealth is commonly made by many parents. But, once your child turns 18, things can

Based on changing circumstances, powers of appointment allow a trusted individual, considered the “holder,” to adjust how assets are distributed after your death. Marriages, births, financial needs, tax laws, or

The substantial cost of long-term care (LTC) is one of the greatest risks to your estate plan. Services such a nursing home stays or home health aides can very quickly

If you hold assets overseas such as real estate, foreign bank accounts, or investments in international markets, its essential to properly address these foreign assets when estate planning. If not,

Estate planning is not an easy task. Especially since it has a language of its own. Some terms such as “will” or “executor” may sound familiar but beyond that, you

For individuals and families who want to simplify their charitable giving while also being tax efficient, donor-advised funds (DAFs) have become increasingly popular. The total number of DAF accounts reached