Are Trusts Valid in All States?
If a trust is created in one state, but the beneficiaries live in another state and the couple who originally created the trust move to a third state, is the trust still valid? In summary, the general answer is yes.…
A Love Letter to Your Family: The Letter of Final Wishes
Your will covers the legal side of estate planning, but a Letter of Final Wishes comes from the heart. Use it as a means of telling your family what you’d like them to do and to know, when you are…
For A Comfortable Retirement, Start Planning Early
For a healthy nest egg that will provide you with an enjoyable, worry-free retirement, you’ll need to start saving and investing now. It takes time and smart planning. Working hard on building your retirement nest egg right now? That’s excellent!…
Owning More than One IRA: Sometimes a Great Idea
If you are prone to over-organization, then the idea of owning multiple IRAs will appeal to you. IRAs are the cornerstone of many people’s retirement strategies. They were designed that way, offering attractive tax breaks that working people appreciate. Did…
The Moment You Become a Parent, You Need an Estate Plan
Young parents who are busy with babies and small children aren’t what come to mind when you think of estate planning, but without an estate plan, their most precious children are unprotected. Nothing changes a person’s perspective more than welcoming…
How Trusts Work for Families with Minor Children
This is the worst case scenario that no one wants to think about, but if both you and your spouse should die before your children turn 18, a trust is a way to provide for your children. Minors (children under…
Making a Retirement Dream Come True Requires Real-World Planning
If your idea of retirement means not working and enjoying a life of leisure, you’d better start crunching numbers and planning for the unexpected. People like to daydream about their retirement. They imagine themselves traveling, playing with grandchildren, sleeping late…
Steps Seniors Need to Take for Their Estate Plan and Their Loved Ones
Distributing assets is only one part of an estate plan’s purpose. The other is to provide clear direction to family members concerning aspects of aging, including illness and end-of-life decisions. The word “estate” may bring to mind a large home…
Converting a Traditional IRA to a Roth May Benefit Your Heirs
Converting sooner than later, could yield a bigger account to your heirs; do the math first Deciding whether or not to convert a traditional IRA to a Roth requires crunching the numbers. If your plan is to leave the IRA…
Help Your Family with These Estate Planning Tasks
Having a will is a great start, but there are other things you can to do to help your family after you have passed. To make your estate plan complete, consider a few practical steps that will address some common…