Over the past ten years, Individual Retirement Accounts (IRAs) have become the primary tool for many people to manage their individual wealth. Because of the amount of money put into these accounts and
Life insurance is a financial asset that is widely used to help protect your family from expenses after your death. However, what most people don’t realize is that even though life insurance is
Recently the Wall Street Journal published an article that stated only 10% of the adult population has a plan for a lifetime disability or for distribution of assets at death. This is pretty
A few weeks ago in our blog, we discussed how to fund a living trust. To recap briefly, a living trust is basically a container with very specific instructions for how to handle
When a child turns 18, a world of responsibility opens up for them, whether they are ready for it or not. An 18 year old has the ability to make their own health
Revocable living trusts are a popular estate planning tool these days, but unless they are funded with assets, they are essentially useless. Think of a revocable trust as a container, and on top
Determining whether a trust account is right for you depends on your situation and what you plan to do with the money that will be put into the trust. Trusts can provide excellent
I have often been asked what happens to pets if the owner is incapacitated or after the owner’s death. Great question and unless planning is done in advance, the potential for continued care
Until recently we didn’t worry too much about inherited IRA’s because they have always been protected from creditors, predators and some marital claims. That recently changed when the Supreme Court decided Clark v.
Most of us make mistakes. They vary in importance and for the most part can be corrected before any real damage has been done. With estate planning we find that mistakes vary based
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