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What should you consider while choosing beneficiaries?
Planning for the future involves more than just financial considerations. It is about ensuring that people pass on your legacy according to your wishes. One aspect of this process is…
Maximizing the tax benefits of charitable gifts
Giving to charity is a good thing, and you can make it even better for your taxes with some smart thinking. Here is an example: if you donate from your…
What are pour-over wills?
However careful you are when estate planning, there is always the possibility that you may forget something. Most people review their estate plan every couple of years, and a lot…
Does your business have a succession plan?
If you are running your own business, you understand the importance of planning. Still, in the busyness of day-to-day activities, you may forget to plan what will happen to your…
Revocable vs. Irrevocable trust: which one should I set up?
Trusts are an essential component of any estate planning process. Done right, these tools can hold assets for your beneficiaries and ensure that your wishes and legacy are honored long…
What are the pros and cons of setting up a charitable trust?
A charitable trust is a powerful way to impact society positively. But more than the intangible rewards that a person may reap out of it, there are also some personal…
Including intellectual property in your estate plan
When you think about estate planning, you usually think about distributing physical assets like real estate, cash or heirlooms. In an increasingly digital and knowledge-based economy, it is essential not…
Factors to consider when choosing a guardian for your children
Assets and finances take up a lot of focus when it comes to estate planning. While distributing assets among beneficiaries is a large part of the process, there is much…
How small estates qualify for probate shortcuts
It is no secret that probate can be extensive and complicated, depending on the amount and type of assets involved, among other considerations. Aside from the lengthy process, probate costs…
Estate planning instruments you can use to avoid probate
A will is one of the more popular estate planning methods, primarily because creating a last will and testament is relatively easy. What you may not realize, however, is that…
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