couple looking over estate plan

DIY Estate Planning Dangers

You have been putting off estate planning for years. Somehow it always falls to the bottom of your to-do list. An ad pops up on your computer for a DIY estate planning service. For a low fee, all you need to do is fill in some forms and, in minutes, you have that lingering to-do…

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attorney explaining spendthrift trust

What Is a Spendthrift Trust?

Do you worry about the best way to provide for your loved ones after you pass away? You are certainly not alone in this. Sometimes, providing for loved ones through an estate plan is not as simple as leaving behind a lump sum inheritance. Some people, for a variety of reasons, may not be best…

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man signing living will

What Should You include in Your Living Will?

A will is often a prominent feature in an estate plan. Lesser known, but still very important in estate planning, is a living will. A living will and a will are two very different legal tools. Their similarities seemingly end at their names and the fact that both should be included in a strong, comprehensive…

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couple signing prenuptial agreement

Using a Prenuptial Agreement as an Estate Planning Tool

A prenuptial agreement is a kind of contract entered into by two people with upcoming nuptials. The agreement often addresses property rights prior to entering into marriage. While prenuptial agreements can accomplish much more than people might first consider, one often understated, but potentially highly important, benefit of a prenuptial agreement can be what it…

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What Is an Advance Directive?

Did you know that there is much more to estate planning than wills and planning for death? Estate planning also involves planning for the unforeseeable and unpredictable things life can throw our way. For instance, it involves planning for incapacitation. No one is immune from the unpredictable and planning for incapacitation can not only bring…

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estate planning for SECURE Act

What Is the SECURE Act?

This year, a very important piece of legislation was signed into law. The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) was passed by the House of Representatives in July of 2019. It was later approved by the Senate in December of the same year as part of a year-end…

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529 savings plan

Using a 529 Savings Plan in Your Estate Plan

Have you ever heard of a 529 savings plan? If so, you probably heard that it can be a great way to save for a child’s or a grandchild’s educational expenses. The name for this tax-advantaged investment vehicle comes from the Internal Revenue Code section that authorizes them. 529 savings plan provides a way for…

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