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Revise Your Estate Plan After Divorce

An emotional divorce can lead to financial turmoil (especially if children are involved). Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents,…

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Estate Planning and Tax Reform

Adapting to ever-changing federal estate tax laws, gifts, and GST exemptions may require an annual review and amendment of your estate plan. Since 2018, federal tax assessment on estates above $11.7 million, indexed for inflation every year, will default back to…

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Will or Not to Will

What Probate Is With or Without a Will

 People commonly know that probate occurs in probate court after someone passes away, and that it is something that happens after someone dies. Many people are not aware that the process is long and complicated. In some cases, it can…

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Senior Citizen Planning

A Guide for Seniors on Estate Planning

Estate planning is regarded as essential by most older adults. Despite this, nearly half of Americans age 55 or older do not have a will or designated powers of attorney, while fewer still have living wills or advance directives. Providing…

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Beneficiary Insurance

Beneficiaries: Avoid These Mistakes

Beneficiaries are common designations in retirement accounts, wills, and trusts so it is likely that you have one. If an owner of a financial product or vehicle passes away, the proceeds of the product or vehicle go to the beneficiary…

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