Legacy Design Strategies
Omaha, NE, Minot, ND and Iowa Fall, IA Estate Planning and Elder Law Firm

Estate Planning and Elder Law Blog

Sort by Category:

What Is a Living Trust Estate Plan?

While a Last Will can help ensure that one’s wishes regarding the distribution of their estate upon death are followed, it is the living trust that allows the estate to avoid probate.

Posted on: April 30, 2021

What Is Family Business Succession Planning?

If you plan to pass your business to your offspring, there is more to keep in mind when creating your succession plan than your descendants—there are also their spouses—especially if they become ex-spouses.

Posted on: April 29, 2021

Common Mistakes when Making Beneficiary Designations

Once you’ve bought an annuity or a life insurance policy and named your beneficiaries, you may never think about those beneficiary designations again. However, that could be a big mistake.

Posted on: April 28, 2021

Should I Discuss Estate Planning with My Children?

Many baby boomers may hesitate to discuss money with their children. However, the reality is that a massive amount of wealth will be transferred in the next couple of decades. Cerulli Associates estimates that about $68 trillion will move between generations within 25 years, with most of those assets transferred to Generation X households.

Posted on: April 27, 2021

What Happens when Homeowner Dies without Will?

How do we move into probate, so we do not lose the house and bank accounts, while not killing ourselves in the process?

Posted on: April 26, 2021

Should I Name a Living Trust Beneficiary of a Roth IRA?

Can a living trust be the beneficiary of a Roth IRA?

Posted on: April 23, 2021

What Could Proposed Estate Tax Bill Mean to You?

The For the 99.5% Act reduces the estate tax exemption to $3.5 million per individual and $7 million per couple. The bill adds higher tax brackets for larger estates.

Posted on: April 22, 2021

Have Estate Planning Conversations with Aging Parents

Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by the financial services company HSBC.

Posted on: April 21, 2021

Why Do I Need a Will?

A will is a legal document, governed by the laws of each state, written to guarantee that your possessions will be left upon your death to the people or organizations you specify.

Posted on: April 20, 2021

What Is Fair in a Second Marriage and Estate Planning?

If you are planning to take another walk down the aisle, it is critical to take the time to review and revise your estate plan, especially if meaningful assets and debts are being brought into the marriage.

Posted on: April 19, 2021