A Revocable Living Trust includes four key players: the trustmaker, the initial trustee, the successor trustee, and the beneficiaries. When you create a Revocable Living Trust, you are the trustmaker and usually also the trustee. Your successor trustee will take charge and manage Continue reading
5 Steps to Help Select a Long-Term Care Facility
The best time to begin to select a long-term care facility is before you need one. With the luxury of time, you can do more thorough research and establish a short list of facilities that will best suit the resident’s anticipated needs. When the time comes, you’ll have a short list Continue reading
End of Life Care: How Do I Talk with My Children about My Wishes?
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
Give Your Estate Planning Attorney the Full Deck
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
How a Special Needs Trust Can Help You Plan Ahead
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
What Assets Should I Use to Fund My Revocable Living Trust?
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
Your Senior Parents and Estate Planning
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
Adulting 101: 7 Reasons to Consider Creating Your Estate Plan
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
Cryptocurrency and Estate Planning
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
One Step Ahead: A Beginner’s Guide to Cryptocurrency
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