When it comes to estate planning, one of the most common questions is whether you need a will, a trust, or both. While these terms are often used interchangeably, they are very different tools—each with unique advantages, limitations, and purposes. Read more…
Estate Planning 101: What You Need to Know
While it may be a challenging subject to approach, we all know that our time is finite. What will happen to our house, cars, bank accounts, retirement savings, and other personal belongings when that occurs? What if some or all these items have outstanding debt? What if they don’t? Who gets what Read more…
A Guide to Estate Planning Considerations for Digital Assets
By definition, an estate plan is a set of legal documents that dictates how you’d like your assets to be transferred upon your death or incapacitation. When you think of assets that need to be considered under an estate plan, you likely default to thinking about traditional assets like homes, cars, Read more…
What Are the Different Types of Trusts?
Are you seeking to craft a strong estate plan? Or do you simply wish to ensure that some of your assets are properly cared for? Either way, you’re likely digging in on how to arrange a trust. Read more…
The Importance and Cost of Basic Estate Planning Documents
Estate Planning is a broad term, often overwhelming and misunderstood. Some people think only the “wealthy” need an Estate Plan, but the bottom line is most everyone should have a basic Estate Plan. Estate Planning is a topic near and dear to our hearts as we work with many clients to help develop Read more…
Understanding the Benefits of Self-Canceling Installment Notes in Estate Planning
Introducing self canceling installment notes (SCINs): a unique form of promissory note that allows buyers and sellers to securely transfer real estate, business interests, and other assets while helping to optimize income, gift and estate taxes. Read more…
Preserving Generational Wealth: What to Know About Family Trusts
Families that have worked hard to build wealth want to share that success with their children, grandchildren, and beyond. When it comes to building that kind of generational wealth, a family trust is a great place to start. Family trusts are a key tool for managing wealth carefully over multiple Read more…
Estate Planning Pros: How to Choose an Executor for Your Estate
So, you’ve decided to put together your estate plan. That’s great! Often considered just for the ultra-wealthy or older generations, estate plans are a crucial component of a complete financial plan. An executor and team of estate planning professionals are a few essential pieces of an estate plan. Read more…
