Passing wealth from generation to generation can be “carrot-and-stick” – based, but it is far more effective to have open conversations about the responsibilities and challenges that accompany wealth.
"When you create an irrevocable trust you are creating a document you cannot change easily, and the property you transfer to the trust is no longer in your control," Daniel Timins writes in Kiplingercom. There are only three possible reasons anyone would part with...
Trusts protect what’s yours, so it can belong to your intended heirs and not be lost through creditors or divorce.
Sandwich generation issues have become an important part of estate planning.. Here is a variety of helpful suggestions….
Estate planning considers three things – heirs’ needs, your own situation, and taxes. There are also 4 components and five advisors who need to be involved.
his true life story illustrates the importance of life insurance and of estate planning to protect children from disputes and financial burdens.
Estate planning, like retirement planning, is based on longevity assumptions. As we age,, our goals and preferences change..
The general principles of estate planning are the same in every U.S. state, but each state has different tax laws and different regulations affecting wills and powers of attorney.
The built-up equity in your home is an important factor in both retirement and estate planning. Do you envision your heirs wanting to someday occupy that home? If so, learn ways to use your home equity now to help in your own retirement planning, still preserving the home for heirs.
“Planning before death can address many of the issues that arise after a parent dies,” Barbara Weltman observes in Investopedia. While sibling rivalry can lead to lengthy and expensive legal actions, Weltman adds, forethought by the parents - along with proper legal...
