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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.

Estate Planning Essentials for the Sandwich Generation

Estate Planning Essentials for the Sandwich Generation

POSTED ON: January 3, 2024 BY: Troy Werner
The sandwich generation, a term for individuals juggling the care of their children and aging parents, faces unique challenges. This demographic, typically in their 30s and 40s, is experiencing a rise due to later childbirth and an aging population, compounded by the recent pandemic’s impact on long-term care facilities. Effective estate planning for the sandwich generation is critical in managing these dual responsibilities. Understanding the Demographics and Trends Significant societal trends influence the increasing numbers of the sandwich generation. Understanding these trends is essential for tailored estate planning strategies. The Importance of Estate Planning for the Sandwich Generation Estate planning…
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Estate Planning for Elderly Parents

Estate Planning for Elderly Parents

POSTED ON: January 2, 2024 BY: Troy Werner
Estate planning is a crucial process for everyone. However, it becomes particularly imperative for our elderly parents. As they advance in age, creating a complete estate plan ensures that their wishes are honored, and their affairs are in order for the inevitable. This guide will walk you through the essential steps and documents involved in estate planning for aging parents, helping you to make financial and medical decisions that are aligned with their desires. Understanding the Importance of an Estate Plan for Your Elderly Parent Estate planning is not merely about distributing assets. It’s a comprehensive approach to managing an…
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How Does Estate Planning Protect Young Children?

How Does Estate Planning Protect Young Children?

POSTED ON: January 1, 2024 BY: Troy Werner
To make sure that your children are taken care of if something happens to you, it’s important to appoint a guardian, establish a trust and ensure there’ll be financial support.
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Strategic Ways to Include Charities in Your Estate Plan

Strategic Ways to Include Charities in Your Estate Plan

POSTED ON: December 29, 2023 BY: Troy Werner
Leaving a legacy through charitable bequests is not just for the wealthy. Sharon Waters highlighted in her AARP article that anyone can make a lasting impact by including charities in their estate plan. This article explores various strategies to do so effectively. Understanding the Impact of Charitable Bequests Charitable bequests are instructions to allocate assets to charitable organizations within a will or estate plan. These bequests can create a lasting impact, supporting causes and organizations that matter to you long after you’re gone. Even modest bequests can significantly contribute to a charity’s mission. Assessing Your Options for Charitable Giving There…
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Why You Should Consider a Living Trust for Your Estate Planning

Why You Should Consider a Living Trust for Your Estate Planning

POSTED ON: December 28, 2023 BY: Troy Werner
When it comes to estate planning, many people think of a will as the go-to document for ensuring that their assets are distributed according to their wishes after they pass away. However, a living trust can often be a more effective tool for many individuals, offering benefits that a will cannot provide. In this article, we’ll explore why you should consider a living trust to be a cornerstone of your estate planning strategy. What Is a Living Trust? A living trust is a legal document that places your assets into a trust for your benefit during your lifetime and then…
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Should You Have a Revocable Trust?

Should You Have a Revocable Trust?

POSTED ON: December 27, 2023 BY: Troy Werner
There is a lot of confusion out there about the difference between a revocable and an irrevocable trust.
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How Marital Trusts Help Protect Blended Families

How Marital Trusts Help Protect Blended Families

POSTED ON: December 26, 2023 BY: Troy Werner
Understanding marital trusts is crucial for couples looking to secure their financial future and provide for the surviving spouse tax-efficiently. This article is a guide to marital trusts, how they work and their advantages and disadvantages. With the potential to safeguard assets and ensure that they reach the intended beneficiaries, marital trusts can be an effective part of a comprehensive estate plan, particularly for those in a second marriage or a blended family. What Is a Marital Trust? A marital trust is a type of irrevocable trust and is crafted to benefit…
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Essential Estate Planning Considerations for Minor Children

Essential Estate Planning Considerations for Minor Children

POSTED ON: December 25, 2023 BY: Troy Werner
It is paramount for parents to have an estate plan that not only takes care of their personal and financial matters but also addresses the well-being of their minor child or children. Delving into estate planning considerations can be overwhelming, especially when young children are involved. This guide will provide you with a comprehensive understanding of estate planning for minors. Estate Planning: Why Is It Essential for Parents with Young Children? Estate planning for parents with young children involves setting up mechanisms to ensure that, in the event both parents pass away, their children will…
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Select What Kind of Trust Works Best for Your Estate Plan? What Kind of Trust Works Best for Your Estate Plan?

What Kind of Trust Works Best for Your Estate Plan?

POSTED ON: December 22, 2023 BY: Troy Werner
Trusts are common. However, there are numerous variations, and there is still considerable confusion about what is legal and what is not.
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Don’t Make These Estate Planning Mistakes

Don’t Make These Estate Planning Mistakes

POSTED ON: December 21, 2023 BY: Troy Werner
It can be difficult to put a value on a lifetime of accumulation—your money, your home, its furnishings, souvenirs from vacations and treasured gifts from your family. It’s a joy to collect these items over the years. However, too few consider what will happen to it all when they’re no longer around.
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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.
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