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Estate Planning Archives

Consider adding a spendthrift trust to your estate plan

If you are drafting your estate plan, one effective tool to preserve, protect and pass on wealth to subsequent generations is a spendthrift trust. These trusts offer legal ways to keep funds from running through the fingers of heirs or being diverted to creditors.

Consider exactly what you want in your estate plan

It is never too late or too early to get your estate plan set up. Whether you are 18 or 81, creating an estate plan can help your loved ones to handle necessary tasks while they are still mourning your loss. It also gives the chance to make your exact wishes for your estate known without a doubt.

Estate plannning and your business

Estate planning is often thought of as dealing with heirlooms and life insurance payouts once you have passed away. Your business should be handled correctly, though, too. If you have witnessed someone's business fall into the wrong hands after his or her death, you have an idea of what you want to prevent.

What you should know about living trusts

If you have an estate plan in place, congratulations. According to an AARP survey, some 60 percent of people do not have a will or any other type of estate planning. When you have an estate plan, you are not only providing for your family after your death, but you're doing so when they are grieving. This will help make a difficult time a little easier.

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