Planning for Your Baby’s Future in Estate Planning

On June 12, 2018

In all the chaos of buying new clothes, constantly changing diapers, and, of course, seemingly sleepless nights for months on end, as a new parent the last thing on your radar is probably creating a will or planning your estate. But, if you don’t already have an estate plan, then that’s exactly the time to do it. Because, think of the ramifications should you or your spouse (or both of you) encounter an unthinkable accident that takes one of your…
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Estate Planning Tools for Your Baby’s College

On November 21, 2017

Remember when your baby was just an infant and you thought he/or she would break like dropped china or porcelain? And then you saw them run right into a glass door and bounce off like a rubber ball and bounce back for more. It was probably back then that you first gave some forethought into getting yourself an insurance policy for their benefit or even an estate plan, in case something accidentally happened to you. But, like many well-laid plans,…
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Top 5 Estate Planning Tips for Your Digital Assets

On December 15, 2016

Incorporating digital assets in your estate plan can be an important part of developing a comprehensive estate plan. Here are some helpful tips to get you started thinking about – and properly managing – your digital assets so they aren’t compromised (or forgotten about) in the future: Keep a list of your online accounts – In other words, develop an “inventory” of all of your accounts and assets that are kept (or managed) online. This can include retirement accounts, bank…
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4 Essential Documents to Prevent Estate Planning Errors

On November 30, 2016

When you are ready to put an official estate plan in place to protect yourself and your family in the future, there can be a lot to consider, even if you don’t have a sizable estate or a large family. To help you get started on the right path, the following points out the handful of documents that should form the basis of your estate plan (if you are serious about having a comprehensive, valid estate plan). This can help you…
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How Flexible Should My Estate Plan Be?

On August 13, 2016

Building flexibility into your estate plan is important to ensure that your wishes, family and legacy are protected as life circumstances change in the future. Although ‘flexibility’ can mean different things for different estate plans, in general, some of the things that can be done to make an estate plan more flexible include: Naming ‘back-up’ executors, trustees, agents and/or personal representatives – The person or people who you choose to oversee the administration of your will, trusts and/or powers of…
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How Does Estate Planning Work?

On August 9, 2016

Estate planning is essentially the process of detailing your future wishes for yourself, your estate and your family. By taking the time now to put an effective, valid estate plan in place, you can be assured that you and your loved ones will be financially protected regardless of what tomorrow may hold. When it comes to estate planning, there are various options and devices that can be incorporated, based on your specific situation, your concerns and your wishes. To help…
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5 Main Types of Advance Medical Directives: An Overview (Pt. 3)

On April 5, 2015

Here’s the conclusion to our blog series 5 Main Types of Advance Medical Directives: An Overview. Final Type of Advance Medical Directive – Organ and Tissues Donation Declarations These directives can be included in living wills, stand-alone documents or even on drivers’ licenses. With these declarations as advance medical directives, people can: Specify who should receive certain organ donations List a preference for organ recipients Prevent their organs from being donated. Advance Medical Directives: More Important Info While we have…
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5 Main Types of Advance Medical Directives: An Overview (Pt. 2)

On March 31, 2015

Resuming 5 Main Types of Advance Medical Directives: An Overview (Pt. 1), here, we will continue pointing out the various options for these types of estate planning tools. More Forms of Advance Medical Directives 3 – Durable Medical Powers of Attorney With medical powers of attorney as advance medical directives, people can name an “Agent” who will have the authority to make health care decisions on their behalf when they are unable to do so. When medical powers of attorney…
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5 Main Types of Advance Medical Directives: An Overview (Pt. 1)

On March 25, 2015

While every adult in the U.S. is entitled to refuse or consent to medical care, knowing what a specific adult individual would prefer for health care can be difficult in the event that adult becomes incapacitated. When this occurs, estate planning tools known as advance medical directives can be crucial, as these directives can detail various wishes a person has about medical care and/or end of life decisions. Taking a closer look at how these directives can be developed and…
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