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It Is Important to have a Digital Estate Plan

What happens to all your digital accounts, services and property after you die? The official name for all these is a Digital Estate Plan. With the lines increasingly blurred between our on-and off-line lives, it's more important than ever to have a plan for your digital holdings.

Posted on: February 3, 2021

What States Make You Pay an Inheritance Tax?

As if losing a loved one weren’t hard enough, you might also have to add ‘death tax’ on the property that you receive from the estate—depending on where you live—in addition to all the other costs of death.

Posted on: February 1, 2021

Your Estate Planning Checklist for 2021

Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.

Posted on: January 29, 2021

Can an Executor be Replaced?

Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an executor for your estate.

Posted on: January 28, 2021

What Estate Planning Documents Should I Have when I Retire?

Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.

Posted on: January 28, 2021

What Happens If Trust Not Funded

Revocable trusts are a very popular and effective estate-planning tool. However, the trust will be ineffective, if you do not actually place your assets in the trust.

Posted on: January 26, 2021

How Does a Trust Work for a Farm Family?

The trust is a very useful and flexible tool for estate planning, yet it is probably the most underused estate management technique. A trust is an artificial entity, something like a corporation, created by a document or instrument.

Posted on: January 25, 2021

What are Options for Powers of Attorney?

Powers of attorney come in different forms, each suited for a specific purpose. They serve as useful tools in any estate-planning effort.

Posted on: January 22, 2021

Should I Create Estate Plan Myself?

The ongoing coronavirus pandemic has pushed many people to make long-delayed decisions about estate planning. Many people will try the do-it-yourself route via various websites or books. Internet DIY websites make it easy to download forms, but there are mistakes people make when they try do-it-yourself estate planning.

Posted on: January 21, 2021

Is an Irrevocable Trust a Good Idea?

Like a lot of estate planning vehicles, irrevocable trusts work very well for some purposes—particularly for tax avoidance and asset protection—and not so well for other purposes.

Posted on: January 20, 2021