You know that making an estate plan is an important part of your family‘s future. You want to prevent estate disputes by giving your beneficiaries some direction. You also want to create a plan that helps your family as you pass your wealth and assets to the next...
Estate Planning
3 tips when planning for a special needs beneficiary
Estate planning is a defining step in determining how your legacy will be managed in the event of your passing, helping to ensure that your assets are distributed according to your wishes and providing for the ongoing care and support of your loved ones. When a...
How charitable trusts can reduce your estate taxes
Estate planning is important for ensuring your loved ones get taken care of after you are gone. One effective strategy is using charitable trusts. These options not only benefit charitable causes. but they can also significantly reduce the burden of estate taxes for...
I’m worried my assets will be misused after I die. What can I do?
You won’t exactly know how your assets will be managed and used after you pass away. Your will in your estate plan is a document that outlines your wishes for how your estate should be handled and distributed. Yet, your will could be disputed, your estate could be...
3 ways to incorporate philanthropic giving into your estate plan
Philanthropy is a great way to ensure that your estate is put to good use after you are gone. By leaving your estate, or part of it, to charity, you will contribute to causes and organizations that are meaningful to you, making a lasting impact on the world. With all...
Why include a letter of intent in your estate plan?
Putting in place a well-thought-out estate plan is crucial to ensuring the proper handling of your estate and affairs after your passing. Including a letter of intent can be a valuable addition to your estate plan. A letter of intent, though not legally binding, can...
3 scenarios when guardianship for your child can come in handy
During the unpredictable journey of parenthood, there may come a time when the consideration of guardianship becomes crucial. When it comes to securing your child's well-being, guardianship is an undeniably important legal arrangement. It helps to ensure that, in your...
4 ways someone could abuse power of attorney
Power of attorney grants someone the authority to make financial and legal decisions on behalf of another individual. This arrangement is important in estate planning. However, it is necessary to be aware of potential risks and abuse that could arise in North...
2 reasons why your aging parents need advanced directives
Advanced directives are legal documents that outline individuals' preferences regarding medical treatments and interventions in the event of incapacitation. These directives can provide a roadmap for healthcare professionals and family members, helping ensure that an...
How to know when to establish guardianship for your aging parents
As the dynamics of family life evolve, the responsibility of caring for aging parents becomes an essential consideration. Determining when to establish guardianship for your aging parents is a decision that requires careful evaluation and understanding. Guardianship...