When did you prepare your estate plan? When was the last time you thought about updating it? If you aren’t sure or if the only answer that comes to mind is, […]
Incorporating life insurance into your estate plan can serve a number of important purposes, from providing your spouse with the financial stability to keeping a privately-owned business in the family. Purchasing life insurance, and potentially establishing an irrevocable life insurance trust (ILIT), can serve as a form of asset protection as well.
As estate planning lawyers, we are frequently asked questions about life insurance. What does life insurance cover, exactly? Do I need it? […]
As a parent with a minor child (or two or more minor children), ensuring that your child’s (or children’s) needs are met in the event that you die unexpectedly is an important part of the estate planning process. In addition to appointing a guardian, there are financial considerations to address as well, and there are several questions you will want to answer to ensure that you […]
While preparing an estate plan allows you to address a number of important legal issues, for most people, estate planning is about peace of mind. You want to know that you will receive medical care according to your wishes should you become uncommunicative. And you want to know that, at the time of your death, the burdens on your loved ones will be no greater than […]
You have a will. Maybe you worked with an attorney years ago, or maybe you went online and bought an “estate plan” that consisted of a basic will and a power of attorney. Now, time has passed, some things in your life have changed, and you are wondering: Do I also need a trust?
Let us start by saying that everyone’s estate planning needs are different. An […]