What Are “See-Through” Trusts?

Estate planning is an important part of the financial picture. Planning for what will happen with your assets after you’ve passed away can set the stage for a comfortable future for your loved ones, even if you are no longer there to provide for them. In the estate planning process, you may come across the … Continue reading What Are “See-Through” Trusts?

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Use Life Insurance to Increase Estate Value With These Tips

When planning for the future, many people see the finish line as the happy day when they retire.  However, in reality, this is only the beginning.  Estate planning can be a difficult process if plans are not made before retirement.  Discussing all possible solutions to keeping more of your money to pass on to loved … Continue reading Use Life Insurance to Increase Estate Value With These Tips

Estate Planning: Living Will & Power of Attorney

Health care directives are instructions given to allow for a person’s wishes to be carried out if they are not able to speak for themselves.  There are two common types of health care directives:  a living will and a durable power of attorney. Living Will A living will is a legal document in many states … Continue reading Estate Planning: Living Will & Power of Attorney

Estate Planning: Property Ownership & Joint Tenancy

By spending a little money and time on estate planning keep the courts and attorneys from deciding how an estate is divided after a person’s death.  By not having a plan, the end result can be that costs increase with delays and frustration for family members and loved ones. The substantial benefits yielded by planning … Continue reading Estate Planning: Property Ownership & Joint Tenancy

Estate Planning: Death Valuation, Fair Market Value

The fair market value (what a buyer is willing to pay a seller) of an estate’s assets is the value at which those assets are included in the gross estate for tax purposes.  This amount is determined on one of two dates:  the date of death or the alternate valuation date.  The alternative valuation date … Continue reading Estate Planning: Death Valuation, Fair Market Value

Estate Planning: Assets, Estates & Transfers

When planning an estate, the process begins with digging deep into fact finding of finances.  Reviewing assets and understanding the best ways to transfer assets is key in ensuring that family members will not have to deal with the “red tape” of probate court, especially if one passes without a will in place. Asset Review … Continue reading Estate Planning: Assets, Estates & Transfers

Estate Planning: Assets & Finances

When planning an estate, the process begins with digging deep into fact finding of finances.  Reviewing assets and understanding the best ways to transfer assets is key in ensuring that family members will not have to deal with the “red tape” of probate court, especially if one passes without a will in place. Asset Review … Continue reading Estate Planning: Assets & Finances