Follow these strategies to reduce inheritance taxes and probate issues for your heirs.
Estate Planning 101: Who Knew?
Boston trust attorney Michael Puzo has seen it time and again: people procrastinate about writing a will or putting their estate in order “It forces them to face their mortality, and they don’t want to,” he said. Even those with modest assets – a house, a 401k, and maybe a life insurance policy – should carefully make an estate plan. But are the nuts and bolts of wills and estate planning widely understood? This question loomed as Puzo translated these legal complexities in…
Why Estate Planning isn’t just for Multimillionaires
Putting an estate plan in place is so much more than saving taxes. It provides a roadmap for folks who want to better preserve, protect and transfer wealth to the people they care most about. Last year, the American Taxpayer Relief Act (ATRA), made permanent the gift and estate tax exemption amoun
How Flexible Estate Planning Can Save Your Children Money
Using Flexible Estate Planning as a Possible Solution for the Death of the Stretch IRA
Prince’s Estate Planning Blunder
Following the unfortunate passing of Prince, recent news headlines have suggested that the mega-star might not have had a will. Considering the size of his …
It's Never Too Early to Start Estate Planning [Guide]
The free Your Will and Estate Planning Guide will help you gather the information you need to create your first will or update an existing one. Download now.
Top Estate Planning Mistakes (And How to Avoid Them)
These top estate planning mistakes we commonly see during the financial planning process could cause big problems for families if left unaddressed.
How retirement accounts factor in to estate planning
Failing to map out what to do with retirement accounts could lead to a expensive and time-consuming process for your loved ones. (Thinkstock) WASHINGTON – When estate planning, it’s important to consider the treatment of retirement accounts, said Attorney Mike Collins with the Collins Firm The first step to take in deciding what comes of retirement accounts is a familiar one – designate a beneficiary. It’s…
What every married couple needs to know about estate planning
Here's the seven-point checklist your clients need to make sure their financial ducks are in a row.
6 Savvy Estate Planning Tips to Get Your Affairs in Order
Everyone dies eventually; the only question is when. It doesn’t matter if you have a small amount of property or a large one—you need to make sure your …
How ACH Transfers Work
You want to make sure that your mortgage and utility bills are paid on time every month, but you hate writing checks, and paying postage to mail those bills is...
Stop procrastinating and get an estate plan—here’s how to get started
Writing a will is a tough chore. Advisers offer their best strategies for helping clients to get this done.
What is Wealth Transfer?
As the Greatest Generation and Baby Boomers age, they're poised to leave their wealth to Millennials.
Why Your Will May Not Be Enough. Do You Need an Estate Plan?
You probably know that you should have a will in place, especially if you have kids. But do you know that alone, your will may not be enough? True, it plays a valuable part in your estate plan, but it is only one component.
Guide to Life: How to handle online accounts during estate planning
Death seemed easier before the Internet. In those days, loved ones could handle any unfinished business by following a paper trail. Bank statements and
Jury awards $10.25 million to Elliott Williams' estate after his death in Tulsa Jail
The jury found that Williams’ civil rights were violated by the Tulsa County Sheriff’s Office and Stanley Glanz, who was sheriff when Williams died.For more: How will Tulsa County residents
Three Reasons Why Joint Accounts May Be a Poor Estate Plan
Three Reasons Why Joint Accounts May Be A Poor Estate Plan Three Reasons Why Joint Accounts May Be a Poor Estate Plan Many people, especially seniors, see joint ownership of investment and bank accounts as a cheap and easy way to avoid probate since joint property passes automatically to the joint owner at death. Joint ownership can also be an easy way to plan for incapacity since the joint owner of accounts can pay bills and manage investments if the primary owner falls…
How to Plan for Financial Wealth Transfer
An important financial concern to discuss with family now is wealth transfer. Learn important questions to ask.
Digital Estate Planning: How to Plan for Online Accounts
Without proper planning and documentation, online information may become inaccessible.
What Happens to Money in Your Health Savings Account When You Die
Why it's important to name a beneficiary in the event of your untimely death.