Financial security is one of the most important goals of adulthood, and maintaining it is another. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan, ensuring their wishes come to pass.…
The 2021 Wills and Estate Planning Study by Caring.com and YouGov found that the percentage of Americans aged fifty-five and older who have created a will has declined from 60% to 44% since 2019. This decrease is as surprising a statistic…
The distribution of your assets and who should manage them are probably questions you have no matter where you are in the estate planning process. A trust can be a great tool in your estate planning tool kit. A properly…
Nearly 70 percent of American retirees will need long-term care in their later years, according to the US Department of Health and Human Services (HHS). The expense of LTC can be astronomical and varies widely by location and by the amount…
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,…
It might seem confusing to think about estate planning vs. elder law as you begin to plan your future, both financially and in terms of health care. Estate planning and elder law also have some similarities. Even though these two types…
It can be difficult and emotionally draining to contemplate financial matters and make long-term life decisions via estate planning. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive you. Your…
It is inevitable that siblings will compete in most families. Depending on how your family interacts and how their dynamics are, old rivalries can become more significant when a parent passes away. Adult children who are emotionally upset and in the…
The federal estate tax law and the generations skipping tax (GST) exemptions are complex and ever-changing, and you may need to update your estate plan annually to adapt. On the first day of 2026, the federal tax assessment on estates…
The estate planning of children with special needs presents a unique challenge. Optimizing your estate to use, enhance, and enrich assets for your special needs child while maintaining their enrollment in public benefits programs requires careful planning. An estate planning…