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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

Do You Need to Worry About Estate Taxes?

Do You Need to Worry About Estate Taxes?

POSTED ON: June 6, 2024 BY: Troy Werner
Often clients are anxious to make annual gifts with the mistaken belief that their heirs will pay a tax at their death.
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Aging Baby Boomers Highlight Significance of Elder Law in Estate Planning

Aging Baby Boomers Highlight Significance of Elder Law in Estate Planning

POSTED ON: June 5, 2024 BY: Troy Werner
The fact that many baby boomers lack the robust pension and Social Security benefits enjoyed by their predecessors underscores the importance of working with an elder law attorney to plan for financing long-term care and guarding existing assets as they age.
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A Well-Rounded Estate Plan Addresses Cognitive Decline

A Well-Rounded Estate Plan Addresses Cognitive Decline

POSTED ON: June 4, 2024 BY: Troy Werner
We explore the critical importance of addressing cognitive decline in estate planning to safeguard assets and ensure intended inheritance.
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Update Beneficiaries to Protect Assets after Gray Divorce

Update Beneficiaries to Protect Assets after Gray Divorce

POSTED ON: June 3, 2024 BY: Troy Werner
Explore critical steps for updating beneficiaries after a mid to late-life divorce to protect assets and secure loved ones' futures.
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Why You Should Regularly Update Your Will

Why You Should Regularly Update Your Will

POSTED ON: May 31, 2024 BY: Troy Werner
Don't wait for the unexpected or procrastinate when adjusting your will like the late singer, Whitney Houston. Regular updates to your estate plan can protect you and your loved ones from future complications.
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Why Unmarried Couples Need Protection of an Estate Plan

Why Unmarried Couples Need Protection of an Estate Plan

POSTED ON: May 30, 2024 BY: Troy Werner
Forgoing the legal entanglement of marriage can lead to troubling outcomes should one member of the couple face incapacity or an untimely death.
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What’s the Best Way to Pass the Family Home to Heirs?

What’s the Best Way to Pass the Family Home to Heirs?

POSTED ON: May 29, 2024 BY: Troy Werner
There are many ways to hand down a house—from gifts to outright sales, irrevocable and revocable trusts to wills—each with different benefits and drawbacks.
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Estate Planning Checklist for 2024: A Comprehensive Guide

Estate Planning Checklist for 2024: A Comprehensive Guide

POSTED ON: May 28, 2024 BY: Troy Werner
Estate planning is more than writing a will; it’s a plan to manage and distribute assets to your dependents. It documents your healthcare preferences, so a loved one decides on medical care according to your wishes. The National Council on Aging (NCOA) Adviser’s article, “Estate Planning Guide and Checklist for 2024,” offers a comprehensive overview of what to consider when planning your estate. This blog post distills the key points from the article and provides an actionable checklist for 2024. Understanding Estate Planning Estate planning organizes your affairs to fulfill your wishes after you pass away. It encompasses decisions about…
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Spend Your Golden Years in a Coveted State: Estate Planning Retirement Strategies

Spend Your Golden Years in a Coveted State: Estate Planning Retirement Strategies

POSTED ON: May 27, 2024 BY: Troy Werner
Are you eyeing Florida's sandy beaches, Colorado's stunning landscapes, or Virginia's historical charm for your golden years? This article discusses why estate planning is essential for your golden years and strategies that help secure your retirement.
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Maximizing Tax-Free Giving to Children: Estate Planning Strategies for Affluent Parents

Maximizing Tax-Free Giving to Children: Estate Planning Strategies for Affluent Parents

POSTED ON: May 24, 2024 BY: Troy Werner
Affluent estate owners are opting to support their children and grandchildren financially during their lifetimes. We explore three strategies that can maximize tax-free giving to consider in your estate planning.
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