Blog: estate plan

 

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How is That Account Titled?

Posted on September 22, 2022 by
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My husband just recently opened a new account at one of those online, do-it-yourself, investment companies.  He promises that with the tiny amount of money I was willing to allow him to experiment with that he will make us tons of money.  After he got the account set up, he asked me to sit beside […]

Will or Trust: Which is Right for Me?

Posted on June 21, 2022 by
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One of the most common questions asked by our clients is, “What is the difference between a will and a trust, and which is right for me?”  Last week, I provided a brief summary of the differences between these two common estate planning tools in a vlog.  You can view the vlog here.  In this […]

Beware Too-Simple Forms

Posted on March 3, 2022 by
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All one needs is a simple financial power of attorney … think again. Wendell knew he needed a financial power of attorney document in order to ensure he named someone to manage his finances and take care of his farm if he was ever unable to do so on his own. But Wendell was busy […]

Pros and Cons of Using the No-Contest Clause

Posted on December 13, 2021 by
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Drafting an estate plan allows a person to put into writing their wishes for division of assets upon death.  Sometimes this means making a choice to give more to one child over the other, or to completely write out natural heirs of law.  An uncle whose nephew is like a son to him may bypass […]

Estate Planning for Blended Families and Second Marriages

Posted on December 28, 2018 by
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In today’s world the “traditional family” of a man, woman and their 2.5 children is becoming a lot less common.  The term “blended family” has been coined to describe multiple families that are brought together and integrated into each other.  A blended family can mean that one or both parents bring children from a previous […]