Category Archives: Estate Planning

Estate Planning for DINKs (Double Income No Kids)

If you are married and do not have kids, you might think that you do not need to make an estate plan. However, if you do not create one, the state law governs distribution of your assets. If however, you want to leave your estate to family, friends, or charity, you need a written estateContinue Reading

Update Your Beneficiaries After Major Life Changes

It is easy to forget about changing your beneficiaries for retirement plans, investment accounts, insurance policies and your IRA, but if you have recently gotten divorced or remarried or had a death in the family, it is important to update these designations. Your spouse is the primary beneficiary of your 401(k), unless they sign aContinue Reading

Estate Planning And the Impact of Rising Interest Rates

Today interest rates are still quite low, but the Federal Reserve just hiked rates for the first time since the financial meltdown of 2008. Interest rate increases impact estate plans in a number of ways. With low interest rates, intra-family loans are very advantageous because the total amount of interest to be repaid is less.Continue Reading

Solutions to Inheritance Issues

Inheritance decisions can cause tension between family members and headaches for professionals working with the families. A few things can be done to address the issues before they arise.  First, create a Will so that the distribution of your assets is clear and cannot be argued over. This way your property will be transferred basedContinue Reading

Married With(out) Children: Planning Ahead

It is important to have an estate plan that reflects one’s wishes in case of death or illness, especially for married couples with or without children. Many married couples without children need to decide who they want to leave assets to and who they trust to make their medical and financial decisions in case theyContinue Reading