As individuals approach retirement age, conversations about estate planning necessarily include a projection of retirement expenses. In a recent post, we noted that defined contribution plans, like 401(k) plans, might not encourage long-term projections because they...
Month: October 2014
What happens to property acquired after a trust was created?
Generally speaking, estate property identified in a will must go through probate before it is transferred to beneficiaries. Probate means court administration and the details of a will becoming a matter of public record.Unlike a will, a trust does not have to go...
Do’s & Don’ts Of Funeral/Estate Planning
By Austin A Frye, MBA, CFP, JD Do provide your heirs with as much details as possible. For example;Don't write instructions such as "I want my ashes spread at sea."Do include more details such as, "I want my ashes spread over the Pacific ocean near the Santa Monica...
Estate planning is also for singles
Parents of minor children may have ample motivation to breach the topic of estate planning, but what about young singles?At a minimum, everyone could benefit from planning for medical emergencies. After all, many employers require an emergency contact from their...
Ways retirement spending might impact estate planning
As life expectancies increase, old approaches to spending retirement savings are being reexamined. Some may view a retirement plan as essentially a forced saving plan until an individual reaches retirement age, when annual minimum distributions from a...
Another benefit of trusts: longevity
In our recent estate planning blog posts, we’ve explored different types of trusts. Today’s post explores another benefit: longevity.Specifically, a trust allows for long-term estate planning in a way that wills cannot. As readers know, a will generally...
