Author: Tom

A beneficiary designation is a simple way to pass on wealth. In reference to financial accounts, it’s usually referred to as Payable on Death. In reference to investment accounts, it’s usually referred to as a Transfer on Death. This article is focused on payable on death bank accounts. Continue reading →

The best time to begin to select a long-term care facility is before the need arises. With the luxury of time, you can do the necessary research and establish a short list of facilities that will best suit the anticipated needs. When the time comes, you’ll have a short list of long-term Continue reading →

If you become incapacitated, how would you want to be cared for? What are your beliefs, thoughts, and feelings about life and death? Would you want to receive any medical interventions after you’ve been pronounced brain dead? How do you feel about the balance of pain management and Continue reading →

Many people enter the estate planning process with the goal of passing along as much wealth as possible to their beneficiaries. Hiring an attorney to accomplish this goal without fully disclosing all of your assets may frustrate that goal. When it comes to providing a list of your Continue reading →

If you have a child with special needs, a special needs trust, or “SNT,” may be an important part of your comprehensive estate plan. An SNT is a specific trust designed to meet the needs of a beneficiary with a physical or mental disability. Different from other types of trusts, the Continue reading →

A revocable living trust, or “RLT,” protects your assets and allows you to use them during your lifetime. When you pass away, your RLT assets pass to your beneficiaries without going through the probate process. Before the RLT takes effect, it must be funded with assets. This occurs Continue reading →

With the holiday season behind us, you may be pondering whether you observed a decrease in your aging parents’ physical or mental abilities during your time with them. It might be time for a conversation about ensuring they have a comprehensive estate plan that reflects all their Continue reading →

As you progress through life, the significance of establishing an estate plan grows in importance. Moving away from home, starting your career, buying a home, getting married, raising a family—with each new phase, the benefits of creating an estate plan increase. Having an estate Continue reading →

While it’s uncertain if digital currencies in their current form are here to stay for the long-term, if you possess any or plan to invest in digital currency, it’s probably a good idea to understand how these resources are integrated into your overall estate plan.

How Do You Manage Continue reading →

What Exactly is Cryptocurrency?
Cryptocurrency is a still-emerging, digital form of currency that is used to complete financial transactions. While it has the potential to become a widely accepted method of exchange, it could also just be a short-term trend. It is both a thrilling Continue reading →