Before You Agree to Be a Trustee, Read This!

Being asked by a loved one to serve as Trustee for their Trust upon their death can be quite an honor, but it’s also a significant responsibility—and the role is not for everyone. Indeed, serving as a Trustee entails a broad array of duties, and you are both ethically and legally required to execute those […]

Revocable Living Trust Or Irrevocable Trust: Which One Is Right For You?

  You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death or incapacity. And, if you haven’t, you are hearing it now. If you own any “probatable” assets in your name at the time of your incapacity or death, your […]

4 Common Mistakes Made on Life Insurance Beneficiary Designations

  Investing in life insurance is a foundational part of estate planning, and when done right it’s a primary way to say “I love you” to your loved ones after you are gone. However, when naming your policy’s beneficiaries, several mistakes can lead to potentially dire consequences for the people you’re investing to protect and […]

Creditors And Your Estate Plan

What Happens To Your Debt When You Die? In some cases, you could inadvertently leave a reality in which your surviving heirs—your kids, parents, or others—are responsible for your debt. Alternatively, if you structure your affairs properly, your debt could die right along with you. According to the Federal Trade Commission, an individual’s debt does […]

Have Intellectual Property? Incorporate It Into Your Estate Planning

Owning Intellectual Property Isn’t Just for the Famous. You don’t need to be a renowned artist or a popular brand to possess intellectual property. Whether you compose songs, run a business, write narratives, or tinker with inventions in your workshop, you likely have valuable intellectual assets. Yet, due to its intangible nature, intellectual property often […]

Help Your Loved Ones Avoid These New Financial Scams – Part 2

In the first installment of this series, we delved into two prevalent scams aimed at senior citizens this year: the grandparent scam and cryptocurrency theft. In this week’s blog post, I will reveal two additional scams that both you and your parents should be cognizant of, along with advice for maintaining safety. Let’s dive in. […]

Help Your Loved Ones Avoid These New Financial Scams – Part 1

Fraudsters and scam artists have always been around, yet evolving instruments and technology make it increasingly simple for them to prey on their targets, particularly the elderly. To safeguard your loved ones (or yourself) from these con artists, it’s essential to arm yourself with an understanding of these scams’ operations and inform your loved ones […]