Baby boomers are preparing to leave their legacies through estate plans, putting America on the cusp of the largest wealth transfer in its history. Over the next 25 years, projections estimate $84 trillion will be in motion to create an unprecedented generational…
It is likely that your most valuable asset is your home, which is true for many of us. You may want your children to inherit the value of your home when you pass away. However, you may also be concerned…
Sadly, many individuals make costly mistakes without proper advice and guidance from an estate planning attorney. Estate planning ensures that your assets, interests, and those you love are protected after you die. Beyond undermining your intent and diminishing your financial legacy,…
In the event of your passing, your loved ones should not have to inherit assets only to discover they can’t access them for cash expenditures. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to get cash.…
New partnerships are forming among older Americans who have experienced widowhood or divorce (in record numbers). The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships. Cohabitating…
Estate planning involves many different types of trusts; the most common are revocable and irrevocable. Though there are some similarities, these two types of trusts serve different purposes. Both can substitute for a last will and testament as an alternative…