When Should I begin Estate Planning?
04 Jan

When Should I begin Estate Planning?

I was recently asked the question, “How old should I be when I start my estate planning?” It’s a great question, and the answer surprised her: Estate planning should begin as soon as someone legally becomes an adult (18 years old). At 18, you don’t need complicated estate planning, but there are sev...

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IRA Beneficiary Trust
03 Dec

IRA Beneficiary Trust

For many people, their retirement assets consist of accounts such as an employer sponsored 401(k) plan and/or IRA accounts. The reason for doing so it obvious: they allow for either tax-deferred growth of your hard earned money. One pitfall of these accounts is what will happen to them when you pass...

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Wednesday Words: Intestate Succession
28 Nov

Wednesday Words: Intestate Succession

Lawyers seem to have their own language. Many certainly speak in jargon. While I try to speak in plain English, there are many terms that are used in estate planning that need to be explained. One is “Intestate Succession.” Intestate Succession is the method by which property is distribu...

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Giving Tuesday
27 Nov

Giving Tuesday

Today is Giving Tuesday. The idea is that after spending our money on stuff on Black Friday, Small Business Saturday and Cyber Monday, we take a day to give back. I recently read the book The Power of Half by Kevin and Hannah Salwen. It really changed my thinking on charitable giving. The book descr...

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Estate Planning Documents
22 Nov

Estate Planning Documents

There are certain indispensable documents they should have in place in the event that the unthinkable happens. The following is a list of some of the most important documents, along with a description of why they are important. Durable General Power of Attorney A Durable Power of Attorney is designe...

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