Estate Planning

Life Insurance: How Much and What Kind?

Posted on: March 4th, 2013
Life insurance can be an affordable way to provide for our children, spouse, a sibling, aging parents and others if we should die while they are depending on us. Life insurance proceeds can provide extra income to help pay ongoing household bills and child care; pay off a mortgage, credit cards and other debt; pay for college; and pay funeral costs and other final expenses. (Life insurance also plays a vital role in business succession planning and it has numerous applications in estate planning.)...

Planning For Incapacity and Long-Term Care

Posted on: February 24th, 2013
With people living longer due to advances in medicine and changes in lifestyle, odds are that most of us will become disabled for some time before we die and may need long-term care. Unfortunately, too few plan for an event that is more likely to be a probability than a possibility--and the consequences of not planning can be disastrous for all involved....

Potential Problems with Beneficiary Designations

Posted on: February 18th, 2013
Many clients use beneficiary designations, and for good reason. Some significant assets, including life insurance policies, IRAs, retirement plans and even bank accounts, allow a beneficiary to be named. It's free, it's easy, and, when the owner dies, these assets are designed to be paid directly to the individual(s) named as beneficiary, outside of probate....

The Most Important Love Letters You’ll Ever Write

Posted on: February 11th, 2013
Many Americans have the misperception that estate planning is simply preparing for one's death and is only necessary for the affluent. To the contrary, estate planning is as much about passing values to loved ones as it is about passing material possessions....

The Advisory Team Approach to Estate Planning

Posted on: February 4th, 2013
Estate planning is not simply the documents prepared by an attorney, nor is it the insurance and financial plan recommended by a financial advisor. Properly done, estate planning encompasses at least the legal and financial elements, but it may include more, as estate planning often points out the need to plan in other areas....

Estate Planning in 2013 and Beyond under the New Tax Law

Posted on: January 28th, 2013
The recent tax legislation dealing with the 'fiscal cliff' included significant revisions to the estate tax law that will affect estate planning for the foreseeable future....