Marci and James are both in the 70s. They have three children and seventeen grandchildren. As Marci looks around their family home, she wonders, “How do I pass my gifts to my family when I die?” Marci and James have a current Last Will and Testament and a revocable living trust. They have an estate […]
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Like many people, you may have put much thought into how best to protect your assets and preserve the value of your financial accomplishments for the benefit of your loved ones. When you establish a trust, someone has to administer and manage it – this article is about deciding who’s the best fit for this […]
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As the opportunity for international travel increases and becomes more affordable and corporations become more globalized, families have become more diversified both in terms of their country of origin and their composition. Spouses from different countries can retain their country-of-origin citizenship. Families may split time between two countries so children can learn and immerse themselves […]
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When a loved one dies, whether unexpectedly or anticipated, the shock and grief can be overwhelming and frequently immobilizing. Making phone calls and planning funerals take more effort than most people can muster in these difficult times. This post hopes to serve as a guide to help facilitate the process. This guide can complement the […]
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Mary and George have been married for the last 50 years. George has managed the financial affairs for the couple throughout their marriage. George has recently been in a serious auto accident that has left him incapacitated. Mary has an appointment scheduled with a new estate planning attorney as she wants his help going over […]
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Mark and Leslie have been married for 40 years. They each have retirement accounts they have contributed to faithfully throughout their adult lives. Mark and Leslie have three adult children, and Mark has a child from a previous marriage. Mark has recently passed. What will happen to his retirement account? How can Leslie ensure her […]
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As each new year rolls around, you might have traditions and tasks that you take care of to make the upcoming year easier and more productive for your family. Estate planning for your accounts and properties and their ownership should be included in these yearly plans, especially after the death of a loved one. How […]
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You have spent a lifetime building your retirement accounts. The asset protection they provide from creditors and a financial safety net for the future are benefits that lead all savvy investors to maximize their contributions each year. Do these same benefits carry-over when you pass your retirement account on to your spouse, child, or other […]
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What is a Trustee? Trusts are legal entities into which you can transfer your property, accounts, and assets for the benefit of a living person. Many people establish trusts as an alternative to a Last Will and Testament. Two Types of Trusts A revocable living trust is a trust you create and retain control over […]
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Standalone Retirement Trusts (SRTs) are an option to protect your individual retirement accounts that you may not have considered. One of the major benefits of an IRA, 401k, or other retirement account is, with some exceptions beyond the scope of this article, the money is safely tucked away from most creditors. It is why many […]
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