Estate Planning

The majority of people who plan their estates provide for how their monetary assets and real estate will be distributed. Bank accounts, stocks, houses, and businesses are the first things people think of when they begin the estate planning process. Material possessions, however, are often forgotten about. The importance of including material possessions in your estate plan is not to be underestimated – family conflicts over personal belongings during estate distribution are quite common. You have the opportunity to reduce the risk of conflict among your loved ones by including […]

In the event that you become incapacitated, it is crucial to have someone you trust designated to make financial decisions for you. This trusted person, called an “agent,” will be able to look out for your financial interests when you can no longer do so, either temporarily or permanently. By creating a financial power of attorney, you can rest assured that the person you choose as your agent will be able to manage your finances and help with things like making sure your bills are paid.  How Long Does a […]

As a business owner, it is important to always look ahead to the future. Day-to-day concerns can sometimes get in the way of bigger picture concerns like estate planning and succession planning. However, planning for what happens to your business if you retire or pass away is a crucial responsibility that should not be overlooked. If you procrastinate succession planning and you suffer an unexpected illness or incapacitating injury, what will happen to your business? What if you experience some changes in your family that require you to retire sooner […]

Estate planning allows you to dictate exactly how your assets are distributed to heirs upon your death. If you are like many people, you may have concerns about leaving an inheritance to beneficiaries who are not ready to receive it. Some beneficiaries may be too young to manage the funds or property they receive. Other beneficiaries may have poor money management skills or simply lack the maturity to handle the inheritance appropriately. If you are interested in leaving assets to your loved ones but you have concerns such as these, […]