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How Do I Stop Heirs from Foolishly Wasting Inheritance?

One of the biggest concerns a trust creator might have is that the beneficiary would squander their inheritance or that the beneficiary’s creditor would attach the inheritance to cover the beneficiary’s debt.

Posted on: August 7, 2021

Can I Set Up a Trust for an Adult Child?

Creating a will is important for all adults, but particularly those who have dependents—including adult dependents. Adding a trust to your estate plan can provide even more guidance.

Posted on: August 6, 2021

What Happens If You Inherit a House with a Mortgage?

If you have a mortgage, you might worry about what that means for your heirs and loved ones. Will they be able to keep your home, and who will be responsible for paying for it?

Posted on: August 5, 2021

How Do You Split Estate in a Blended Family?

A second marriage can be a balm for the heartache of losing a spouse, be it through death or divorce. Nevertheless, if there are children or other heirs involved, you should consider carefully what will happen with your money and possessions when you pass on.

Posted on: August 4, 2021

What to Do with Estate Plan when Loved One Dies

The death of a family member or loved one is a tragic experience for many. While grieving, it is especially stressful because of the funeral planning and estate planning the immediate family will have to take care of.

Posted on: August 2, 2021

Powers of Attorney and Advance Directives

Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.

Posted on: July 30, 2021

Succession Planning for Farm Transition and Estate Planning

Conversations about family succession plans are difficult.

Posted on: July 29, 2021

Aging Parents and Blended Families Create Estate Planning Challenges

We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.

Posted on: July 28, 2021

Make the Most of a Roth IRA, Even If You’re Not Ultra-Wealthy

For traditional 401(k) plans and IRAs, you generally get a tax break when you make contributions and then pay taxes on the withdrawals in retirement. In contrast, Roth versions of those accounts come with no upfront tax break, but qualified withdrawals are excluded from federal income taxes.

Posted on: July 27, 2021

What Paperwork Is Required to Transfer the Ownership of Home to Children?

Have you considered transferring ownership of your home and wondering what records or paperwork is required? The reason for wanting to transfer will help determine how you should proceed.

Posted on: July 26, 2021