While most of us associate estate planning with ensuring that our assets are distributed in accordance with our exact wishes and in the manner best suited to minimize taxes, the truth is that it encompasses much more.Indeed, comprehensive estate planning also includes...
Month: August 2015
Why an estate plan makes sense for young adults, too
Our readers in their 20s, 30s and even 40s may feel like they are too young for an estate plan. They may still be single, childless or both, and still at the start of their careers. And admit it: the idea of dying so young seems almost impossible, doesn’t it?The...
Consider a living trust as opposed to certain other estate planning strategies
At the , there are a few strategies that we do not recommend when planning an estate. These strategies -- specifically, pay-on-death accounts, joint ownership of assets and beneficiary designations -- can expose an estate to a variety of...
Some estate planning considerations for out-of-state property owners
While the idea of owning more than one piece of real property may seem imprudent to the more fiscally conservative among us, the fact remains that a very large number of people own multiple properties not just in their home states but across the nation. Indeed, they...
Uptick in nontraditional families changes estate planning
There was a time when upon death, it was expected that the assets of the deceased would be left to their spouse or children. While some people of course do still take this course of action, as the makeup of families has changed, so too has how people disburse their...
