Estate Planning Awareness Week: Don’t Let Your Clients Fall Victim To These Common Myths Next week is Estate Planning Awareness Week (October 18–24, 2021). To that end, this month’s newsletter is geared toward helping you, as a professional advisor, gain awareness and understanding of the most common estate planning myths. Left unaddressed, these myths can [...]
Who Is Joseph P. Kennedy & Why Is He Named In My Trust? Joseph P. Kennedy: What Does It Mean Having Him Named In Your Estate Planning Documents? Occasionally, a person who has completed an estate plan with their lawyer may be surprised to discover a reference to Joseph P. Kennedy and his descendants [...]
What Does It Mean To Decant a Trust In Estate Planning? Decanting: A Powerful Estate Planning Tool To Replace The Terms Of An Irrevocable Trust In a constantly evolving world, having the flexibility to adapt to changing circumstances is a valuable trait. But is flexibility less important in estate planning than in other areas of [...]
A Complete Guide To Trust Funding Funding a Trust: What It Is & How To Do It Correctly Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete [...]
Is Probate Necessary In Estate Planning? Arizona's Trusted Estate Planning Attorneys Explain Why Probate Is a Good Thing Avoiding probate is a common goal for individuals deciding how they want their money and property to be handled when they pass. It is a worthy one and is regularly promoted by estate planning attorneys across the [...]
Life Insurance & Estate Planning: Key Facts You Should Know About How Life Insurance Can Protect Your Loved Ones & Provide Them The Life They Had Envisioned Part of protecting your loved ones when you pass away is making sure that you have a proper estate plan in place. Another aspect is making sure that [...]
Including Life Insurance In Your Estate Plan To Protect Your Beneficiaries' Best Interests Life Insurance: Estate Planning Tool That Does Not Necessary Guarantee Your Beneficiary's Benefit A common misconception people have about life insurance is that they only need to designate their spouse, child, or loved one as the beneficiary of the policy to ensure [...]
3 Common Estate Planning Myths Debunked Misconceptions About Estate Planning You Shouldn't Believe Estate planning can be a very difficult process. While it is not brain surgery, making the decision to move forward with an estate plan requires us to face the fact that we will not live forever. This thought stops many people in [...]
The Importance Of Having An Estate Plan For You & Your Loved Ones What Happens If You Don't Do Estate Planning? In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning [...]
Community Vs Separate Property: The Differences & Why It Matters How To Choose Between Community Or Separate Property During Marriage When two people get married, the property they obtain during their marriage is called marital property. This includes anything from real property like homes and rental properties, to stock options, investment accounts, heirlooms, and employment [...]
