It doesn't matter if you are just beginning your career, nearing retirement or anywhere in between, there is no time like the present to prepare for the future. In fact, it's about more than just preparing for the future. It's about making sure that certain...
When you have loved ones with special needs, there are certain times and situations wherein they require additional care and consideration. This is particularly true in regards to their care in the case that a guardian or caregiver passes or is no longer...
Perhaps you are mulling over the idea of meeting with an attorney to draft your will but trying to decide who to name as your executor is slowing you down.Think in terms of responsibilities. What is the top requirement for the person who administers your estate after...
When you pass on, your property does not automatically transfer to those whom you named as beneficiaries. Unfortunately, estate planning is not as easy as that. Even if you have a thorough, updated will, it must first pass through probate before going into...
Estate planning is a necessary task to accomplish. At the very least, your estate plan should include a last will and testament. This document spells out how you want your assets to be distributed once you are gone. While drafting a will may sound relatively...
As part of estate planning, an individual (called the grantor) may set up an irrevocable trust to grant tax advantages to his or her estate, and she or he may also confer other desirable benefits to beneficiaries named in the irrevocable trust.There was a time when...
Every estate plan is unique. If you are thinking of how to protect and transfer your assets when you die, you may wonder how to do it in the most effective manner. The right estate plan is comprehensive, efficient and cost-effective. Sometimes, a trust is the...
Estate planning is not just for older or wealthy people. There are logical reasons for a young couple to create an estate plan. Here are four tips to help you map out the details for what may best be described as your “life plan.”1. Draft your will Your...
One life event that some Duluth residents do not realize can have a direct impact on their estate plans is divorce. Contrary to popular misconception, divorce settlements, decrees and intentions do not always take precedence over the state’s laws of...
As you decide where you want your money to go when you pass on, you may be considering beneficiaries outside the family. Perhaps you have few relatives left or that you are close to. Or maybe you have special people in your life that you want to thank for their...
