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What are Responsibilities of Trustees and Executors?

A trustee is a fiduciary which, essentially, is a person that owes a legal, ethical and, perhaps, moral obligation to act in the interest of another.

Posted on: August 25, 2021

How Do I Address an Estranged Child in My Estate Planning?

Perhaps one of the most difficult, and increasingly common, estate planning questions involves the inclusion or disinheritance of an estranged child.

Posted on: August 24, 2021

What are the Advantages of a Testamentary Trust?

This legal document can also be beneficial in other situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.

Posted on: August 20, 2021

How Is Insurance Used in Estate Planning?

There may be potential benefits to life insurance beyond its traditional uses, especially when it comes to taxes, estate planning and long-term care.

Posted on: August 19, 2021

When Should I Terminate an Irrevocable Life Insurance Trust (ILIT)?

Should I terminate these trusts and just have my children as beneficiaries of my investment accounts and life insurance?

Posted on: August 18, 2021

What are the Basics of a Successful Estate Plan?

An estate plan tells your heirs and the courts how to divide up your assets, but it also helps protect your loved ones from unnecessary hassle and expense–as well as potentially months, even years, tied up in the court system settling your estate.

Posted on: August 18, 2021

Do Singles Need Estate Planning?

If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, any familial connections, any interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.

Posted on: August 16, 2021

Who Pays the Tax on a Special Needs Trust?

The main financial vehicles of supporting disabled individuals—the special needs trust and the Achieving a Better Life Experience (ABLE) account—both come with special tax conditions that advisors need to consider.

Posted on: August 13, 2021

Does Estate Planning Vary by State?

Whether you've recently moved to Florida or are a ‘snowbird’ with Florida residency, there are important reasons to consider updating your estate plan.

Posted on: August 12, 2021

Does a Beneficiary on a Bank Account Override a Will?

Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.

Posted on: August 10, 2021