Will My Family Hate Me If I Die without a Will?
“Amid the grief of losing a loved one, families are dealt additional burdens when the person did not leave behind a will or estate plan.”
How Do I Create a Trust?
“Trust funds are an important estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.”
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.”
Did Monkee Mike Nesmith Have More Than One Will?
“There was more than one will written by musician and music video pioneer Michael Nesmith, who came to fame in the 1960s as one of The Monkees rock group and died at his Carmel Valley home on Dec. 10, 2021.”
Is Putting a Home in Trust a Good Estate Planning Move?
“Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.”
What Shouldn’t Be Put in a Will?
“While the number of older Americans with wills has been dropping in recent years, that doesn’t mean you should forego this legal document.”
Is Life insurance a Good Idea?
“According to the U.S. Department of Agriculture, a middle class family raising a child to adulthood will spend over $233,000 on that child between the ages of 0 to 18. That doesn’t even factor in the cost of college education, which can be thousands of dollars more per year once a child reaches adulthood.”
Why Is Estate Planning Review Important?
“Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning.”
How to Protect Valuable Assets in Estate Planning
“Planning for your future should start after you get a job. Therefore, it is advisable to start saving a certain percentage of your salary every month and buying assets whenever you can. That will guarantee that you will have a comfortable life after retirement.”
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.”
