06

Mar

What Is a General Power of Appointment?

Your family, the economy, the law, and society can change rapidly and unexpectedly, affecting your best-laid estate plans in unpredictable ways. To achieve your estate planning goals, you need a plan that can keep up with the changes. And few estate planning tools provide more fl...

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Categories: Estate Planning Trusts


06

Mar

Pros and Cons of Naming Many Residuary Beneficiaries in a Will or Trust

You have meticulously created your estate plan to ensure that it includes and addresses all of your most important assets. You have reviewed your asset list repeatedly, and everything seems to be accounted for. But what if you have forgotten something? Americans own a lot of stuf...

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Category: Uncategorized


06

Mar

What Conditions Can I Put on My Child’s Inheritance?

You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child's ability to hand...

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Category: Uncategorized


06

Mar

Preparing Your Senior for the Real World

High School Seniors Can Use a Starter Estate PlanThe long, carefree days of summer are nearing an end. If you have a high school senior at home, childhood is also coming to an end for them as they prepare to graduate, turn 18, and enter the “real world. ”You have don...

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Categories: Estate Planning Trusts


25

Mar

School Is Back In Session

High Scool Seniors Can Use a Starter Estate PlanAs summer fades into fall and school resumes, millions of seniors are entering the home stretch of their high school careers and marking their official entry into legal adulthood at age 18. According to cognitive scientists, some i...

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Category: Advisors


06

Mar

5 Tragic Mistakes People Make When Leaving an Inheritance to Their Pets

Planning for your pets in your estate plan is an excellent way to ensure that your beloved pet will receive proper care and attention after you pass on. The problem, of course, is that you will not be there to ensure that your wishes are carried out. That is why it is critical to...

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06

Mar

3 More Famous Pet Trust Cases and the Lessons We Can Learn from Them

Sometimes, pet owners can get a bit creative when providing for their pets' future care. The following three famous cases involving pet trusts offer some important lessons. David Harper and RedDavid Harper, a wealthy, reclusive bachelor in Ottawa, Canada, was not exactly f...

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Categories: Estate Planning Trusts


06

Mar

3 Famous Pet Trust Cases and the Lessons We Can Learn from Them

Not long ago, pet trusts were thought of as little more than eccentric things that famous people did for their pets when they had too much money. These days, pet trusts are considered much more mainstream. For example, in 2016, Minnesota became the fiftieth state to legally recog...

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Categories: Estate Planning Trusts


06

Mar

A Trust for Fluffy or Fido? Why Every Pet Parent Needs to Consider a Pet Trust Today

Estate planning is about protecting what is important to you. Although much of the traditional estate planning conversation focuses on surviving spouses, children, grandchildren, and charities, many pet parents wonder what could happen to their “furry children” after...

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Categories: Estate Planning Trusts


06

Mar

Are You Ready to Celebrate National Make-a-Will Month? Empower Yourself with Peace of Mind This Month

Which Will Would You Choose? If you or your loved ones have not yet created a will, you are not alone. In fact, according to a recent survey, not having created a will puts you among the majority of Americans. Like many Americans, you may wait for a major life event to occur befo...

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