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What Is the Primary Purpose of a Revocable Trust?
Revocable trusts are much more common than irrevocable trusts because they provide many important estate planning benefits.
Revocable trusts are much more common than irrevocable trusts because they provide many important estate planning benefits.
Many an estate plan has gone awry due to a misunderstanding of how retirement plan benefits work or a failure to consider retirement plan beneficiary designations as part of an overall estate plan.
This article emphasizes the importance of not just appointing, but also connecting a child with their potential guardians, ensuring they’re cared for by trusted family or friends.
This article explores trusts, distribution methods, and how a trust can make it easier or harder for heirs to receive the money.
This article explores the importance of estate planning for veterans and active military personnel and the essential documents to include in your estate plan.
People who die without a will can leave a thicket of probate problems for loved ones.
Families that include individuals with special needs require planning to secure their loved ones’ security in the future, both in legal and financial terms. There’s usually no expectation of the child becoming an independent adult, so careful planning is needed, as advised in the recent article “Financial Planning for Families with Disabilities” from Wealth Management. Many families neglect planning for their retirement, focusing all their resources on developing a plan for their disabled child. However, retirement and their child’s future need to be secured, which is where an estate planning attorney can help. In 2014, Congress created The Achieving a…
As family members and caregivers notice signs of cognitive decline in loved ones, it is essential to take proactive steps to safeguard assets. Seeking guidance from an elder law attorney to navigate complex planning issues as well as guard against financial exploitation reduces vulnerability to fraud.
We look at the latest research findings offering valuable insights into the inheritance trends impacting today’s and tomorrow’s estate planning strategies.
Succession planning is elemental for small business owners, much like estate planning is for anyone with assets. Owners should have a plan ahead of retirement if they become incapacitated or pass away unexpectedly.
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