Category Archives: Estate Planning
How to navigate estate planning with your children
Estate planning is a crucial process that involves making decisions about how your assets will be managed and distributed both during your lifetime and after your death. If you are a parent, your children will likely be responsible for the…
Updated estate planning laws for 2024
Estate planning laws are always going through changes, and 2024 isn’t any exception. Sometimes, people need to pass down part of their estate prior to their death. One way to do this is through gifting. Laws related to gifting limits…
Can I reduce the cost of probating my estate?
We all want to leave as much inheritance as possible to the people we love when we die. This is the essence of estate planning. However, the process of transferring your estate to your beneficiaries (known as probate) costs money.…
Who is an eligible designated beneficiary?
An eligible designated beneficiary refers to an individual designated as a retirement account beneficiary. The designation is crucial as it provides certain tax advantages and influences the distribution of the account after the original account holder’s demise. Categories of eligible…
Addressing sibling rivalries during estate planning
Estate planning is a nuanced process, and it largely centers around ensuring that your assets go where you want them to upon your death. You can also use estate planning tools to designate suitable individuals to take care of your…
How to talk to your loved ones about your estate plan
You’re already ahead of many people if you’ve decided to create an estate plan. But the process doesn’t end there. Talking openly with your family and loved ones about your plan is a crucial next step. Having this conversation can…
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