Estate Planning

Introduction to Estate Planning

Introduction to Estate Planning

What is estate planning? Simply stated, estate planning is a method for determining how to distribute your property during your life and at your death. It is the process of developing and implementing a master plan that facilitates the distribution of your property...

2 Key Benefits Of Living Trusts

2 Key Benefits Of Living Trusts

With so many misconceptions around trusts, it's easy to understand the confusion about the benefits of a revocable living trust. A living trust (also called a revocable trust or revocable living trust) can be beneficial to a much broader group of Americans than most...

The Biggest Mistakes People Make With Their Wills

The Biggest Mistakes People Make With Their Wills

Everybody knows they should have a will, and not having one can leave heirs with a big mess. But just having a will isn’t enough. Big mistakes are common—from leaving decisions to the last minute and failing to update documents to mismatching beneficiary designations.

Key Estate Planning Documents You Need

Key Estate Planning Documents You Need

There are five estate planning documents you may need, regardless of your age, health, or wealth: Durable power of attorney, Advance medical directives, Will, Letter of instruction, Living trust. The last document, a living trust, isn’t always necessary, but it’s included here because it’s a vital component of many estate plans.

Charitable Giving

Charitable Giving

Charitable Giving Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes...