Should I Need a Trust in My Estate Plan?
“A trust can be a vital component in an estate plan.”
Should I Have a Trust in My Estate Plan?
“A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Concerned about fraud? These are just a few of the many reasons to consider a trust.”
The Difference between Revocable and Irrevocable Trust
“A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.”
Should I Use a Testamentary Trust?
“What Is a Testamentary Trust?”
Addressing Vacation Home in Another State in Estate Planning
“So why should you consider a more comprehensive plan than just leaving an out-of-state vacation home in your will?”
Has the Pandemic Made People More Aware of Estate Planning?
“Close to half of respondents earning $80,000 a year or more have a will, an increase of 7% since 2020, according to Caring.com.”
What are the Most Important Estate Planning Documents?
“Nobody likes to talk about it, but death is inevitable for all of us. Therefore, you should count every moment as a blessing. Beyond this, you should remember there’s no time to waste, when it comes to preparing for your eventual passing.”
Can I Split My Inheritance with My Sibling?
“In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.”
What Can a Trust Do for Me and My Family?
“Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.”
Why Do So Few Black Americans Have Wills?
“When actor Chadwick Boseman died, he didn’t have a will. Neither did recording artists Prince and Aretha Franklin. Each time the news broke, there was surprise that such notable names hadn’t made estate plans. Yet, estate planning isn’t as common as experts argue it should be, particularly among Black Americans.”
