One of the most valuable parts of estate planning is making a plan for your minor children. Leaving an inheritance that considers minor children has unique challenges and responsibilities. Taking the time to properly plan, you can ensure the long-term needs of your children are met. Here are common mistakes people make when leaving assetsContinueContinue reading “Avoid These Mistakes When Planning for Minor Children”
Category Archives: Disability and Special Needs Planning
Why You Shouldn’t Name Your Minor Children as Named Beneficiaries
Naming your minor children as beneficiaries of life insurance policies, retirement accounts, or other financial assets may seem like the simplest way to provide for their future. However, this decision can create unintended legal, financial, and logistical challenges. Read below to understand why you should avoid this method and other alternative approaches to use insteadContinueContinue reading “Why You Shouldn’t Name Your Minor Children as Named Beneficiaries”
Critical Reading: Estate Planning for Parents of Kiddos With Disabilities
As an estate planning attorney, my journey has illuminated the paramount significance of crafting comprehensive estate plans, particularly for parents with children with disabilities. Today, we delve into why estate planning is not just a legal necessity but a profoundly compassionate and empowering act. Families with kiddos should consider estate planning as an essential aspectContinueContinue reading “Critical Reading: Estate Planning for Parents of Kiddos With Disabilities”
How Do Assets Pass Into a Trust?
Living trusts allow people to enjoy their assets while you’re alive but still plan for what happens to them after you pass away. When you’re setting up your estate plan, one of the first choices you’ll make is whether to have a will-based plan or a trust-based plan. If you decide on a trust-based plan,ContinueContinue reading “How Do Assets Pass Into a Trust?”