401(k) Estate Planning: Key Considerations Retirement accounts like 401(k)s and IRAs play a significant role in estate planning. Proper beneficiary designations in 401(k) estate planning can have long-term tax implications and inheritance outcomes for your heirs. This...
Avoid Monthly Trust Fees: Alternatives & Professional Trustee Roles The idea of establishing a trust often comes with questions about ongoing costs. Many people wonder if they'll be tied to perpetual monthly fees, similar to a subscription service. The good news...
I Am Doing My Estate Plan. What Is a Trustee and What Is a Personal Representative? If you're creating a will or trust as part of your estate plan, you've likely encountered the terms trustee and personal representative. Understanding the difference between these two...
Estate Plan Lessons: Avoiding Celebrity Mistakes When celebrities and public figures die without a proper estate plan, the resulting chaos makes headlines: bitter family feuds, massive legal fees, and drawn-out probate battles that last for years. While most of us...
Update Estate Plan Now to Protect Your Loved Ones Update estate plan documents regularly—because failing to do so can have heartbreaking consequences. Imagine this: Mark passed away suddenly at the age of 58. He had remarried five years earlier and had a close, loving...
What Happens to My Debt When I Die? When someone passes away, it's common for loved ones to focus on grief, funeral arrangements, and estate distribution. But one important issue that often gets overlooked—until it becomes urgent—is debt. What happens to credit card...
What Does “Dying Intestate” Mean? Dying without a will in California means someone has passed away without a will, and California law considers them to have died intestate. In such cases, the California Probate Code determines who inherits your property. The law...
Secure Their Future with an Aging Parents Estate Plan An aging parents estate plan is one of the most important and loving things you can help with as your parents grow older. As we begin to consider their health, future, and what will happen when they can no longer...
Estate Plan for New Parents: What You Need to Protect Your Child Yes — having a child is one of the most important reasons to create or update your estate plan. Here's why an estate plan for new parents is absolutely essential: Why New Parents Need an Estate Plan 1....
How to Convey Your Home to a Trust in Arizona If you live in Arizona and have created a revocable living trust, it’s essential to understand how to convey your home to a trust in Arizona properly. This is a key step to ensure your home avoids probate and is managed in...