Blog : Estate Planning

• Do I Need a Living Trust or a Will? Or Both?

  July 18, 2022

  “Tax planning is one element of estate planning, and in many estates is the least important factor. The larger issue is: Who will inherit and what will they inherit?” First National Trust Update April 2015. “A man of 70 need not be always feeling, much less talking, about his approaching death, but a wise man […]

• Life Insurance in My Estate Plan?

  July 16, 2022

  You’re not alone if you don’t fully understand the value and benefits that life insurance can give you as part of a retirement plan. Kiplinger’s recent article, “Don’t Overlook Advantages of Making Insurance Part of Your Retirement Plan,” says many folks see life insurance as a way to protect a family from the loss of […]

• What Expenses Can Be Paid from a Special Needs Trust?

  July 13, 2022

  Special needs trusts are an important part of estate planning. They are sometimes called supplemental needs trusts. They provide families with a safe, secure, and protected way to ensure the long-term care and financial well-being of their children or other loved ones with special needs. Unfortunately, issues can arise and conflicts can emerge where Special […]

• What’s the Difference Between Administrator & Executor of Estate?

  July 12, 2022

  Administrators and executors of the estate, assets, or trust of a decedent (that is, a person who has passed away) perform the same duties with respect to the will, trust, or estate that they are charged with caring for. The key difference between the two comes down to how the administrator or executor is appointed. […]

• Are You Retiring? Here’s What You Need to Know

  June 24, 2022

  “The joy of retirement comes in those everyday pursuits that embrace the joy of life; to experience daily the freedom to invest one’s life-long knowledge for the betterment of others; and, to allocate time to pursuits that only received, in years of working, a fleeting moment.” Byron Pulsifer “Age is an issue of mind over […]

• Why Do Even the Middle Class Need Estate Planning?

  June 16, 2022

  When it comes to estate planning, you may think that you don’t have the wealth that would require you to engage in extensive estate planning. If you have a will, you might think that’s good enough. Forbes’ recent article, “Why Estate Planners Aren’t Just for the Ultra-Rich,” says that nothing could be further from the […]

• Why Do I Need an Executor?

  February 17, 2022

  What would happen if someone you were close to, asked you to be their Executor? Would you be honored, or would you be uncomfortable with the responsibility? What do you need to do, when do you need to handle these tasks and how much time will it take? These are the questions often asked about the role […]

• What Will My Social Security Benefits Be?

  February 17, 2022

  Your Social Security benefits in retirement are primarily dependent on the wages you get while working. The Social Security taxes deducted from your paycheck are based on that amount. If you’re still working and at retirement age, you can get benefits while earning other income. And depending on your age, you can also decrease and […]

• What If My Beneficiary Isn’t Ready to Handle an Inheritance?

  February 17, 2022

  “There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.” Albert Einstein “The old who have died live on in the young ones. Don’t you feel this now in your bereavement, when you look at your children?” Albert Einstein […]

• What Happens to Social Security when Your Spouse Dies?

  February 17, 2022

  The United States Social Security Administration is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors’ benefits. Wikipedia. If a movie is really working, you forget for two hours your Social Security number and where your car is parked. You are having […]

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