Category: How To Start Estate Planning

If you have lost your spouse during this time, there are so many issues you must address–funeral arrangements, meeting with lawyers and accountants and dealing with finances. All of this comes on top of dealing with the emotional loss.

To ensure your estate is settled in the way you want, it’s wise to do a bit of extra planning to keep your documents up to date.

Why wait? A variety of trusts—from SLATs to BDITs, GRATs and more—can help you be proactive in protecting your wealth.

During estate planning, one of the situations that you must plan for is the possible sale of real estate, artwork, and especially operating family businesses. What is sometimes overlooked in planning is what happens after there has been such a sale.

Estate planning is the process of arranging who will receive your assets when you die.

Although there is often a progression of complexity in estate planning, this progression generally follows stages in life rather than specific ages.

The distribution of some of our assets can be governed by contracts. Examples of these contracts include life insurance, investment accounts, bank accounts and trusts.

The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.

As part of your estate planning, don’t forget to consider a power of attorney.

Part of estate planning includes helping with the ever-escalating costs of education for children and grandchildren.