Are you looking for the perfect gift for your adult children or other family members? You may want to consider giving the gift of estate planning.
Deciding between joint and separate trusts can be quite confusing. Many factors play into which trust is more suitable. These factors include: how the couple’s assets are titled, the relationship of the couple and the state in which the couple resides.
National Estate Planning Awareness Week was adopted in 2008 to help the public understand what estate planning involves and why it is a vital component of financial wellness. This year, National Estate Planning Awareness Week takes place October 21 – 27 and encourages all to be mindful about the future for themselves and their families by creating a comprehensive estate plan.
Do you have a child who is eighteen years of age, or nearly eighteen? If so, it's time to start planning! All eighteen-year-olds need to have their own estate plan that includes a General Durable Power of Attorney, a Health Care Power of Attorney, an Advance Directive (“Living Will”), and a HIPAA Release. Read more below about each document and why they are important for your future grad to have:
A donor-advised fund, also known as a DAF, is a great way to donate to various charitable organizations without going through mountains of paperwork, all the while minimizing your taxes through deductions. It also offers tremendous flexibility for post-death giving, specifically if the DAF is funded while you’re still alive.