Using an LLC as an Estate Planning Tool: Asset Protection and Generational Transfers
When people hear “LLC” (Limited Liability Company), they usually think of a traditional business. Maybe a tech startup, a consulting firm, or even a local bakery. But in the world of estate planning, an LLC is actually one of the most powerful and flexible tools available for families looking to protect their wealth and pass […]
Health and Happiness: Ensuring Quality Care as You Age
When we picture our golden years, we usually imagine the good stuff: traveling, spending time with grandkids, finally picking up that hobby we never had time for, or just enjoying a quiet morning with a cup of coffee. In short, we focus on the happiness part. But true happiness in your senior years doesn’t happen […]
How to Discuss Estate Planning When Your Kids Aren’t Ready to Talk
Few people want to talk about their lives ending and what happens after they’re no longer around. You know who often wants to deal with that even less? Your kids! Because of this, trying to discuss estate planning with your children can feel uncomfortable. For many families, the topic brings up difficult emotions about aging, […]
The High Cost of Cheap Estate Plans
When it comes to protecting your family and your legacy, estate planning is one area where “you get what you pay for” often applies. While low-cost, fill-in-the-blank documents and “cookie cutter” options may seem like a smart way to save money now, the long-term costs (in stress, conflict, and unintended consequences) are often far greater […]
I Have Foreign Relatives – How Can My Estate Plan Take Them into Account?
If you have loved ones who live outside the United States, international estate planning presents a unique (and often frustrating!) challenge. Whether you’re a US citizen hoping to leave assets to a sibling abroad or a green card holder with family in your home country, the legal and tax implications can be far more complex […]
Paying for a Funeral without Access to Your Loved One’s Assets
Losing a loved one is brutal enough. You’re struggling to process and accept the loss on your own terms, and there’s no simple or straightforward path to get to that point. The burden of arranging a funeral can add even more stress – especially when you don’t have immediate access to your loved one’s assets […]
Wills, Trusts, and Deeds: What Are My Basic Estate Planning Options?
We get this question all the time. The topic of estate planning comes up, someone lets out an exasperated sigh and says, “I don’t care about all that complicated stuff. I wish someone would just explain the basic options to me.” Okay– let’s do that! Whether you’re planning for your family’s future or ensuring that […]
When You Don’t Plan, It’s Your Loved Ones Who Will Suffer
We’ve talked endlessly about the numerous problems that can result from procrastinating on your estate plan. If the worst happens, you won’t have control over what you leave behind or who it goes to. Responsibilities that are often frustrating, exhausting, and painful will fall to a surviving, grieving family member – possibly upon you, if […]