When it comes to planning for the future, you may have asked yourself, “What should I handle first: getting life insurance or getting a will?” It’s not the easiest decision, but it’s an important one.…
Life insurance plays a vital role in securing your family’s financial future and should be a key component of your estate plan. Whether you’re just starting out or planning for the next generation, understanding the…
When a loved one passes away, their possessions and financial affairs, collectively known as their estate, must go through a legal process called probate. An estate includes everything the deceased person owned, such as money,…
As a way to simplify the transfer of real estate, you may be tempted to add a child to the deed as a joint tenant. Although this strategy will successfully transfer the property to the…
For your trust to keep your assets out of probate court, it’s essential that you’ve funded your trust. While creating a living trust is a great step towards smart planning, “funding your trust” is an…
“Help! My parent has been diagnosed with dementia and will need assisted living soon. My advisor told me that we need to set up an irrevocable trust so that Medicaid will pay for the nursing…
A properly funded trust allows you to avoid probate, minimize taxes, provides organization, maintains control, and provides for yourself and your heirs. In its most simple terms, a trust is a book of instructions wherein…