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What’s Most Important in Estate Planning?

What’s Most Important in Estate Planning?

POSTED ON: October 24, 2023 BY: The Werner Law Firm, PC
In the next decade, 15% of American adults expect to receive an inheritance, according to the latest findings from the New York Life Wealth Watch survey. However, they’re not all confident they’ll be able to manage the funds. On average, adults who expect to receive an inheritance anticipate receiving $740,000. However, just 42% feel very comfortable handling that new wealth.
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Where Should I Store My Will?

Where Should I Store My Will?

POSTED ON: October 23, 2023 BY: The Werner Law Firm, PC
Aretha Franklin did what she was supposed to in drawing up a last will and testament, but a crucial mistake left her multimillion-dollar estate in chaos.
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Estate Plan can Ease Anxiety and Confirm Legacy

Estate Plan can Ease Anxiety and Confirm Legacy

POSTED ON: October 20, 2023 BY: The Werner Law Firm, PC
Preparing for the future supports the causes you believe in and provides peace of mind for you and your heirs.
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Have Estate Plan Checkup before Heading to Warmer Winter

Have Estate Plan Checkup before Heading to Warmer Winter

POSTED ON: October 19, 2023 BY: The Werner Law Firm, PC
If you are headed somewhere warm to spend the winter months, you will want to be sure you have everything in order before you go.
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What Is Joint Life Insurance?

What Is Joint Life Insurance?

POSTED ON: October 18, 2023 BY: The Werner Law Firm, PC
No matter how old you are, it's never too early or too late to begin thinking about your life insurance options.
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What Should I Know about Beneficiary Designations for IRAs?

What Should I Know about Beneficiary Designations for IRAs?

POSTED ON: October 17, 2023 BY: The Werner Law Firm, PC
One approach to consider is to prepare a customized beneficiary designation form.
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Make Power of Attorney Part of Your Estate Plan

Make Power of Attorney Part of Your Estate Plan

POSTED ON: October 16, 2023 BY: The Werner Law Firm, PC
Many people will suffer cognitive decline as they age, and that can seriously impact their ability to manage their assets.
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How Estate Planning Serves Tax Planning

How Estate Planning Serves Tax Planning

POSTED ON: October 13, 2023 BY: The Werner Law Firm, PC
In the intricate world of personal finance, few concepts hold as much potential to safeguard and grow one’s wealth as strategic estate planning.
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Do You Need a ‘Pour-Over’ Will

Do You Need a ‘Pour-Over’ Will?

POSTED ON: October 12, 2023 BY: The Werner Law Firm, PC
For those who want to avoid the court-controlled process that takes place after a person’s death (known as ‘probate’)—using a Revocable Living Trust is typically the best way to do so.
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Revocable Trusts Make Sense for Retirees

Revocable Trusts Make Sense for Retirees

POSTED ON: October 11, 2023 BY: The Werner Law Firm, PC
If you plan to pass assets through a will, just remember that most of the time, that will becomes public once the probate estate is closed. Therefore, if you left one of your children out, left your favorite a bit more or are just a private person, you may be better off with a trust.
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship! See full disclaimer here.