Trust Administration: What Families Need to Know to Avoid Costly Mistakes
If you’re a trustee or a beneficiary, understanding the essentials of trust administration is critical. Here’s what families need to know to navigate this process successfully and avoid common pitfalls.
What You Should Tell Your Kids and Grandkids or Others About Your Estate Plan
Estate planning is one of the most important things you can do to ensure your legacy is protected and your loved ones are taken care of after you’re gone, and your affairs are managed smoothly if you become incapacitated. However, having a solid estate plan is only part of the equation—the other crucial step is discussing it with your children and maybe even your grandchildren. And, if you do not have children or grandchildren, or they are not part of your plan, discussing your plan with those that you have included in your estate plan is just as important. While these conversations may be difficult, they help prevent misunderstandings, confusion, and potential conflicts down the road. Here’s what you should consider sharing about your estate plan.
5 Signs You Need a Trust vs. a Will
When it comes to estate planning, the choice between a trust and a will is often misunderstood. While both tools help ensure your assets are distributed according to your wishes, they serve different purposes and offer unique benefits. If you’re wondering whether a trust might be more suitable for your needs, here are five signs to consider.
Essential Estate Planning Strategies for Families with Special Needs
Planning for the future of a loved one with special needs requires extra care and foresight. Estate planning is a powerful tool to ensure their long-term financial security, access to care, and quality of life. Without proper planning, your well-intentioned gifts could unintentionally jeopardize their eligibility for essential government benefits. Continue reading for essential strategies to safeguard their future.
