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Tag Archives: estate planning

Avoiding a Will Contest

A primary goal of estate planning is to protect against the possibility of disagreements among your heirs after you pass away.  However, will contests are becoming increasingly common. There are many reasons why disagreements can occur over the distribution of your estate.  For example, perhaps you allocated a larger inheritance to one of your children […]

Estate Planning Essentials for Millennials

If you were to suddenly become incapacitated, do you know who would make medical decisions for you and or manage your financial affairs?  Do you think that person’s decisions would be in accordance with your wishes?  Would he or she pay your bills and take care of your financial affairs?  If you are unsure about […]

Estate Planning and Divorce: 3 Things to Consider

Divorce is a challenging time that can be made even more difficult when it comes to estate planning for long-married couples.  In divorce, it is often hard to divide retirement accounts and assets amicably and if you now have children or grandchildren, your existing estate plan might need to be updated or entirely revised. If […]

Estate Planning for Single Parents

If you are raising your children on your own, your days are probably filled to the brim with work, kids’ activities and taking care of the household.  Solo parenting is challenging and you probably don’t have time for much else.  There’s no doubt that parenting requires a lot of responsibility and even more so if […]

Estate Planning and Portability Between Spouses

The American Taxpayer Relief Act (ATRA) of 2012 made permanent the federal estate tax exemption amount of $5 million (adjusted annually for inflation to $5.34 million).  ATRA also permanently established the estate tax concept known as “portability”.  While this change was intended to simplify estate tax exemptions for couples, some find it to be just […]

Talking to Your Adult Children About Inheritance

Are you concerned that talking with your adult children about your plans for their inheritance will incite family drama?  This is a dilemma that many parents face but avoiding the issue can potentially cause some bigger problems down the road. Many parents avoid doing what is necessary to prepare their children for the hand-off of […]

Estate Planning for Couples Without Children

As the U.S. population becomes more educated and career focused, we are seeing many couples who are opting to forego parenthood so they can focus on their careers or other interests.  It’s important to consider, however, that choosing not to have kids, should not mean that estate planning can be ignored. Many people assume that […]

Estate Planning for Couples: Questions You Need to Ask

It is difficult to think about the possibility of your spouse’s death but being unprepared for the future will leave you in an even more difficult situation.  Will you be financially prepared if you lose your spouse? By taking the time today to discuss estate planning with your spouse, you can prepare for whatever the […]

Talking To Your Adult Children About Your Estate Plan

Do you want to talk to your adult children about your estate plan but are worried that it will create family drama? You are not alone.  Many parents avoid having these tough discussions because they don’t want to upset their kids or because they feel uncomfortable talking about death or money.  Unfortunately this avoidance tends […]

Estate Planning for Young Professionals

For many young people, busy schedules and the idea that estate planning is only for the rich and elderly, can easily place estate planning at the bottom of the to-do list. However, there can be significant consequences for your family if you delay your estate planning for too long.