In today's digital age, many of us have many digital assets, such as social media accounts, email accounts, online bank accounts, and digital photos and videos. These assets can be just as important as our physical assets. It is vital to have a plan in place for how...
Estate Planning
Small estates need plans, too
Creating an estate plan can seem like an overwhelming process. As you consider your family taking your estate through probate, your initial reaction may be to try to avoid it, especially if you have a smaller estate. When you have a strong estate plan, the probate...
How does life insurance impact my estate plan?
As you think about your estate planning goals and priorities, it's essential to consider the role of life insurance. This type of insurance can play a critical part in ensuring that your assets are distributed according to your wishes and that your loved ones are...
What is a gift causa mortis (and should I plan to give one)?
Estate planning is an essential part of passing on your legacy. When you create your will and other documents, you give your family members the peace of mind that they will be able to distribute your assets after you pass away. In some cases, your relationship with a...
What should I look for in a trustee?
Coordinating your estate plan can be a complex process. You want loved ones to enjoy the assets of your estate after you pass away, but there are some aspects of estate planning that require significant consideration. In many situations, a trust can help you provide...
Should I include charitable giving in my estate plan?
Giving to specific organizations that are important to you is an essential part of who you are. These groups recognize your contributions of money and time and appreciate your support of their mission. When it is time to create your estate plan, you may want to...
What is changing for federal estate taxes in 2023?
Keeping your estate plan up to date as your life changes is essential. You may need to adjust your plans when you or a loved one has a baby, or you or a family member goes through a divorce. Many more life changes will also affect your estate plan. Understanding tax...
Do I need to change my will if my beneficiaries get divorced?
Relationships change. While you hope that your friends and family will not face the challenge of divorce, unfortunately there is a chance that a happy marriage could transition to a divorce. You should review the provisions you made in your estate plan when a...
Should I include care for my minor children in my estate plan?
When creating your estate plan, you hope your loved ones will not need it for a long time. However, having a plan in place will give you (and your loved ones) peace of mind. As you consider your estate plan, you may first think about property and other assets. You may...
Do I need to include my digital accounts in my estate plan?
As you consider your estate plan, you may have a mental checklist of what you need to include. You know you need to include major assets like your home and vehicles. You also know you need to distribute your financial assets like cash and retirement accounts. When...