Know the Truth: These Estate Planning Myths Could Cost You

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Know the Truth: These Estate Planning Myths Could Cost You

As you likely know, estate planning is an important process that allows you to maintain control over how you will pass on your assets and property to your beneficiaries. However, there are many myths and misconceptions surrounding this process, leading to a number of common mistakes. The following are some of the most common estate […]

Estate Planning Tasks You Should Definitely Stop Putting Off

There are many reasons why so many people procrastinate when it comes to addressing their estate plans. They might not want to think about their death and may feel that they have plenty of time to left to take care of it. However, there are certain estate planning tasks that we should focus on getting […]

Common Signs You Need to Revise Your Estate Plan

Just because you have an estate plan established does not necessarily mean it will always best protect your interests and your wealth. As time goes on, you should regularly look at and revise your estate plan, if necessary, to ensure it will create a smooth transition of your assets after your passing and that it […]

Half of Americans Wrongly Think Estate Planning is Only for the Rich

According to WealthCounsel’s recently released Estate Planning Awareness Survey, nearly half of Americans (47 percent) believe estate planning is a tool only meant for the ultra-wealthy. This common misconception means there are potentially millions of people across the country who have not properly planned for the future simply because they don’t feel they need to […]

How to Speak to Your Parents About Estate Planning

It’s difficult for anyone confront his or her own mortality. It’s why having a discussion with your parents about getting their estate plans in order can be so difficult. We don’t want to admit that those we love will someday no longer be with us, and yet it’s important to confront this reality so our […]

How to Minimize Estate Taxes Through Charitable Donations

If you would like to leave behind a positive legacy and reduce or eliminate the taxes your estate owes after you pass away, making a contribution to a charitable organization or cause is a great way to do just that. The following are a few tips to help you minimize your estate taxes through charitable […]

Common Estate Planning Tools That Protect Your Wealth

No two estates are exactly the same, and so the approach you take with your estate planning efforts may depend on a number of factors. However, there are many elements common to nearly all estate plans. Your overall goal is to maintain control over your assets and property — and how you want them distributed […]

How Does Intestate Succession Work?

Although it’s beneficial to create a will to outline what you wish to have happen to your estate and assets, it is not a legal requirement anywhere in the United States. If you pass away without a will, your property will be subject to the laws of intestate succession. This also comes into play if […]

General Versus Limited Power of Attorney

A power of attorney gives another person — commonly referred to as an attorney-in-fact — the ability to act and make certain decisions for you when you are unable to do so yourself. These powers may be limited to specific types of actions, or they may cover a wide range of issues. The type of […]

How to Become an Organ Donor

There are tens of thousands of people on organ waiting lists across the country, and organs received from deceased donors save lives every single day. Although it might not necessarily be comfortable to think of your organs being taken after your death to be transplanted, the decision to become an organ donor could be one […]