When studies are periodically conducted they find that most single adults are unprepared from an estate planning perspective. Perhaps this is understandable, because it can always seem like you will have time to plan your estate in the future. However, this can lead to a pattern of procrastination that persists for decades on end. The […]
Estate Planning
Can a Trust Be Contested?
When you are planning your estate you should consider the possibility of challenges. This is particularly true if you have reason to believe that some people may not be happy with the way that your resources are going to be distributed. Most people have heard of will challenges. It is possible to challenge a last […]
Why Would I Want a Living Trust?
All trusts are not intended to accomplish the same objectives. Some types of trusts are used by wealthy individuals to gain tax efficiency. If you have an estate that is valued above $5.34 million, you are exposed to the federal estate tax. Under these circumstances you have to take certain steps to mitigate your exposure. […]
Should I Create a Joint Tenancy With My Child?
You may hear about joint tenancy as a probate avoidance strategy. Let’s look at joint tenancy and the question of whether or not you should create a joint tenancy with your child. What Is It? Joint tenancy is co-ownership. If you were to add someone to the title of your property as a co-owner, this […]
End Estate Planning Procrastination During New Year
The calendar has turned, and the new year can trigger an end to procrastination when it comes to estate planning. Passing away is something that is spoken of as one of the two certainties of life. However, a significant percentage of adults are going through life without making any plans for this certainty. In fact, […]