Gifting Personal Items in an Estate Plan

Gifting Personal Items in an Estate Plan

Gaps in an estate plan can lead to conflict among surviving family members.  Estate plans tend to focus on big-ticket items like houses, cars, bank accounts, and investments.  But deciding who is entitled to personal momentos – especially valuable ones-can be an...

When and How Will Your Child Receive Their Inheritance?

If you do not have an estate plan, your child’s inheritance will be managed for their benefit until they reach the age of majority, and then it will be given to them outright. Although they will be a legal adult, they may not be prepared for a large influx of money...
What Happens If I am Alive But Cannot Communicate?

What Happens If I am Alive But Cannot Communicate?

Contemplating incapacity can be as anxiety-inducing as thinking about death. The following estate planning tools can ensure that you do not end up in legal limbo due to a mental or physical disorder that renders you unable to manage your affairs or make decisions. A...
Planning a Barbecue Is Like Planning Your Estate

Planning a Barbecue Is Like Planning Your Estate

Planning a Barbecue Is Like Planning Your Estate For many, the Summer signals the beginning of summer and enjoying warm-weather activities, including backyard barbecues with friends and family. Although a cookout may be an informal affair, planning is crucial to its...
Remodeling a Home in a Trust with a Home Equity Loan

Remodeling a Home in a Trust with a Home Equity Loan

Homeowners may place their property in a revocable living trust (i.e., a living trust) to avoid probate. Placing property in a trust makes the trust the legal owner of the property, which requires drafting a new deed in the trust’s name. A home equity loan (also known...