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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Do I Really Need an Estate Plan?

On July 1, 2016

Yes, you need an estate plan if you are serious about preserving your legacy, as well as protecting yourself and your loved ones in the future. Here’s why… What Your Estate Plan Can Do: Top Reasons to Develop an Estate Plan Some of the primary reasons why developing an estate plan is so important include that this plan can: Protect you if or when serious health complications arise – Estate plans are not only focused on what happens after death….
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Agents under Powers of Attorney: 4 Important Facts to Know

On January 12, 2016

Agents, also referred to as attorneys-in-fact, have some important responsibilities and powers. Although the specifics of these duties and the extent of their power will vary from situation to situation, in general, the following are among the most important facts to understand about this role. The Facts about Holding Powers of Attorney The power of attorney document will dictate the specifics – Namely, the power of attorney document will detail when the agent is to assume his or her powers…
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4 Estate Planning Mistakes that Can Cost Your Loved Ones Later

On November 5, 2015

The right estate plan can preserve your wishes for the future while protecting your loved ones’ interests and possibly even minimizing the need for probate. Of course, the “right” estate plan can vary from situation to situation, depending on the details of an estate (among other things). That being stated, however, the following are among the more common estate planning mistakes that tend to impact the efficacy and protections of these plans. Don’t Make these Estate Planning Mistakes Hinging an…
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5 Tips for Agents of Financial Powers of Attorney

On May 25, 2015

Agents or “attorneys in fact” are people who have been designated by another individual (i.e., the principal) via a financial power of attorney to manage the principal’s finances. While stepping into the role of agent for someone else is completely voluntary, when people do agree to take on this role, they accept certain legal responsibilities. Here are some helpful tips that can assist agents of financial powers of attorney in successfully fulfilling their important duties. Helpful Tips for Agents Tip…
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