Category Archives: Estate Planning

Do You Need a Living Trust?  A Few Ways to Avoid Probate Without One

Do you need a living trust?  The short answer is probably not. For those who promote the use of living trusts, the general logic is that this is the single, best document that will help you avoid costly probate proceedings when passing assets to your heirs. And while this technically may be true, in mostContinue Reading

Wills are critical if you have children

Do you have a Will?  Do you have children?  One of the survey’s most surprising findings was that just 36 percent of those with children under 18 have an end-of-life plan in place.  This is a potentially devastating oversight. There are two crucial reasons to have a Will when you have minor children.  First, ifContinue Reading

10 Things an Estate Plan Can Do For You

     Provide support and financial stability to your spouse, children and grandchildren.      Preserve your wealth for later generations.      Make sure your wishes are carried out when you can no longer manage your affairs.      Support a favorite charity.      Distribute assets in a timely fashion.      MinimizeContinue Reading

PLANNING AHEAD: ELECTRONIC RESOURCES

As discussed in previous posts, sorting through a parent or grandparent’s affairs and finances can be daunting, but planning ahead and making use of some tools and strategies to help organize and collect vital information can prevent a lot of stress later on.  Electronic storage of important documentation and record keeping can be very helpful.Continue Reading

Can Your Estate be Divided Unequally and Still be “Fair”?

A recent estate column in the Wealth Matters section of the New York Times caught our attention.  The article asks, “Is there ever a time when inheritance should be uneven?  And if so, can uneven still be fair?  The answer to both questions is yes.”  But, good, clear, timely communication is essential to avoid hurtContinue Reading