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Category Archives: Estate Planning

5 Things That Need Special Handling in Estate Planning

Some types of assets require special handling or attention in estate planning. Estate planning goes beyond simply providing instructions for straight forward items. Understanding the complexities of some assets and taking certain steps may be required to accomplish your estate planning goals. Here are a few examples of things that need special handling in estate […]

Estate Planning Questions for 2020

Happy New Year! As you welcome in the new year, it’s time to ask yourself some important estate planning questions for 2020. It’s necessary to review your plan every year, but these questions may change the way you approach your overall plan.  Estate Planning Questions for 2020 Taxes Do any recent legal or tax changes […]

Year-End Estate Planning Tasks

The holidays and end-of-year are a time for reflection… and planning. Estate planning is one of many things that you may want to review as you close out the year. Be sure to include these in your year-end estate planning tasks. Changes to Assets & Liabilities If your assets or liabilities changed over this last […]

Estate Planning During the Holidays

With so many activities during the holidays, estate planning may be the last thing on your mind. However, it’s actually a great time to think about your estate planning goals and to communicate them with your family members, especially if it’s the one time of year that you’re all together in-person. Here are a few […]

Prenups as an Estate Planning Tool

As more and more people marry more than once, prenuptial agreements have become an important estate planning tool. Without a prenuptial agreement, your new spouse may be able to invalidate your existing estate plan. Such agreements are especially helpful if you have children from a previous marriage or important heirlooms that you want to keep […]

Should You Leave Siblings Unequal Shares of Your Estate?

When you’re reviewing your estate plan, it’s important to think about how to divide your estate among your children. While you don’t need to leave siblings equal shares, be aware that inheriting unequal amounts can cause arguments among children after you pass. To avoid disagreements from the get-go, you may want to leave your children […]

Benefits of Mediation in Estate Planning

A recent case in Illinois highlights the value of mediation in resolving estate-planning disputes. The case involved a successful family business created by Daniel and Mary O’Brien. The business, valued at $125 million as of 2013, included interests in hotels, a nursing home, a golf course, gas stations, fast-food franchises and warehouses. Most of the […]

Importance of Passwords In Estate Planning

So much is online these days, which means we have passwords for just about everything! This is great for ease of use, but it can present some challenges for your heirs should something happen to you. Even if you have a power of attorney in place, without passwords, it may be difficult for designated individuals […]

Tips on Organizing Non-legal Aspects of Your Estate

When we think of estate planning, we often think of the legal documents involved such as the will, trust, power of attorney, etc. However, good estate planning goes beyond that. When we pass, our families are often left to figure out a lot of things, even when an estate plan exists. Getting organized can help […]