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Estate Planning

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A blended family could impact your life in a lot of ways, in particular it can affect how you approach your estate plan. There can be many people to take into consideration when planning, and it is important to acknowledge each person, so all your wishes are met. When planning, you have to decide how the families are going to split inheritances. Will both families share equally? Will your assets stay in your family and your spouse’s stay with theirs? Are...

Rainy days are nice to catch up on things you put off or to enjoy doing absolutely nothing.  They can be great days to relax and refresh, and gather all the miscellaneous tasks you never seem to get to.  There are some tasks that should not be held off for those rainy days, tasks that are too important to put on hold. Planning for you and your family’s future is not something that can wait to be done. By planning now,...

When choosing how to divide up your estate, a seemingly simple choice may be to distribute your children’s inheritances evenly. But what happens when life hits your family unexpectedly? You may wish to give one child a larger inheritance than others, or you may wish to cut out a child all together. There can be situations in life where leaving unequal amounts to your loved ones is better suited for your family.   Doing what is “fair” does not have to...

 A scavenger hunt is a fun game for children to play, searching for a list of various items, like toys or treats. As an adult, it is less enjoyable to participate in a scavenger hunt, especially when you are searching for asset information. As hard as we may try to keep our lives organized, it can be a challenge to keep all our belongings in one place. With the help of an estate planning professional, you can help your loved...

Without proper funding, your estate plan won’t work. Why is that? Funding is retitling your assets or updating your named beneficiaries to achieve your intended result. If you have a living trust, that could mean you and your loved ones experience less burdens, your assets are distributed according to your wishes, and your estate avoids the probate process.   Changing the title on assets such as bank or investment accounts to your trust as the owner, can make it easier during...

Happy World Health Day, a day where we celebrate the founding of the World Health Organization and raise global health awareness. Our firm recognizes the importance of creating an estate plan that includes documents regarding client healthcare powers and the decisions they would make in the event of a medical emergency. Having up-to-date versions of these documents could be crucial to getting the care you want. So, what are these documents? A Healthcare Power of Attorney names the people (your “agents”) you...

The meaning of National I’m in Control Day is all about taking command of your own life. To put yourself back in the driver’s seat, no matter how big or small the project. An easy way to begin is by making a list of all the things you want to take control of or accomplish. You can include things as simple as cleaning out a closet in your home, or as big as planning for your future. One of the bigger...

Estate planning generally involves documents such as a trust, a will, and powers of attorney; these legal documents explain who is trusted to step into different roles, as well as set out who gets what, when the time comes. To some, these documents can come off as a bit impersonal or be difficult to read with all the legal jargon, even though our office tries to make them understandable. But, as the creator of the trust, you can include Purposeful...

It’s Valentine's Day! Valentine’s is one of those special days of the year where we go out of our way to show our loved ones how much we truly care for them. We share our appreciation with family, friends, significant others, and anyone else in our life we admire. It can be expressed through flowers, a box of chocolates, a handwritten card, or even something as simple as a hug.    We all enjoy sending and receiving those little tokens of...

When a child decides to play with their Legos, they start in pieces scattered across the floor without care. It’s a big pile of possibilities. Over time, those individual pieces are placed together in an order that fits the child’s imagination. They can pick a variety of colors, choose how many pieces to use, or even add and change pieces later if they want. This may end up with the child building a castle, a spaceship, or whatever they dream...

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