5 Most Overlooked Parts of a Good Estate Plan
Roughly two-thirds of Americans do not have an estate plan, according to a recent survey from Caring.com.[1] If you are among the minority of US adults who have prepared a…
Out of House and Home: How to use Estate Planning for Real Estate
Many people ask: If I give my home to my child in my will, can they take my home while I am still alive?. The short answer to this question…
Seven Ways You Can Leave Your Family a Great Legacy Without a Lot of Money
Although the word “inheritance” usually conjures up images of property or accounts with significant monetary value, you can leave your family an even longer-lasting inheritance by doing these seven things,…
School’s Out for Summer!
How Legal Documents can Keep Your Kids Safe Over the Summer Summer camps are expected to be back in full swing this year after two pandemic summers forced them to…
Is Your Love Language Taxable?
It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS)….
No Contribution Is Too Small
Most American strive to earn a decent-sized paycheck to support themselves and their families when they go to work. Stay-at-home parents, however, work to provide valuable nonfinancial contributions to their…
Are Your Eggs in the Basket? Funding Your Trust
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…
Tangled Webs We Weave: Property Deeds, Homeownership and Estate Planning
Do you really own the home you live in? If you are currently living in a property that you inherited but the deed has not been transferred into your name,…
Does HEMS Have You Saying “Hmm”?
In the world of estate planning, you may come across the acronym HEMS from time to time. HEMS stands for “health, education, maintenance, or support” and is frequently included in…
Pour-Over Will: Not Your Average Will
Wills and trusts are the two basic legal instruments that people use to pass accounts and property on to their loved ones at death. Although a living trust is often…