Key Considerations for Opening a Bank Account in the Name of a Trust
A trust is a valuable estate planning tool that offers flexibility and control over the distribution of your assets. One essential aspect of managing a trust is opening a bank account in its name. This article will explore the key factors to consider when opening a trust bank account, including the required documentation, account types, […]
Integrating a Prenuptial Agreement into Your Comprehensive Estate Plan
Estate planning is an essential process for anyone looking to secure their assets and protect their loved ones. One often overlooked aspect of estate planning is the prenuptial agreement, which is an invaluable tool for protecting individual assets and ensuring a smooth distribution of assets in the event of a divorce or separation. In this […]
Carrying Healthcare Documents and Communicating Your Wishes to Emergency Personnel
In the event of a medical emergency, it’s crucial to have your healthcare documents readily accessible and ensure that your treatment preferences are known to emergency personnel. We have put together this article to discuss the benefits of carrying your directives with you and offer tips on effectively communicating your wishes to emergency responders. The […]
WARNING: Your Tattoo Won’t Hold Up in Court!: The Importance of a Proper Estate Plan
In recent years, there has been a growing trend of people tattooing their medical wishes on their bodies, including “Do Not Resuscitate” (DNR) directives. While it might seem like a creative and potentially effective way to express one’s wishes, relying on a tattoo as a legally binding document is risky and could lead to confusion […]
Leaving Your Estate to Non-Family Members: Everything You Need to Know
Estate planning often revolves around leaving assets to family members, but what if you want to leave your estate to someone who isn’t related to you? Many people have close friends, caretakers, or even charitable organizations that hold a special place in their hearts. In this blog post, we will explore the essential considerations and […]
What You Should Know When Leaving an Inheritance to a Child Struggling with Substance Abuse
I’ve seen firsthand how substance abuse can impact families, leaving parents heartbroken and unsure of how to protect their loved ones while preserving their legacy. In my experience, many parents want to leave an equal inheritance to all their children, but when one child is struggling with addiction, it can significantly complicate matters. In this […]
5 Things Every Young Family Should Consider For Their Estate Plan
I am married to my incredible wife and the father of two beautiful daughters. They are my world and I want to make sure they are protected should anything happen to me. I am certain that your family means the world to you as well. Here are five things every young family should consider for […]
The Dangers of DIY Planning—Especially When You Have a Child with Special Needs!
With today’s technology, access to information is literally in the palm of our hands. From your cell phone, you can download manuals to repair a washing machine that’s thirty years old or watch step-by-step video tutorials that will teach you how to do anything from knitting a sweater to playing an instrument without taking a […]
Caring for a Veteran? Check Out These Programs for Help
A recent survey counted over 18.2 million American Veterans over age 65. Many of these Veterans include those who served in World War II, the Korean War, the Vietnam War, and the Persian Gulf War. Suppose you are caring for an elderly Veteran. In that case, you should know about the benefits and services available for the […]
How to Properly Choose Beneficiaries
An essential part of estate planning is designating beneficiaries for your life insurance policy, 401(k), and other financial accounts. A beneficiary is a person who receives someone’s assets upon their death. There is no “correct choice” when choosing the beneficiaries who will inherit from you. It’s a personal decision. What must be handled “properly” however […]