The ideal estate plan is going to vary depending on the circumstances. One of the primary considerations will be the extent of the assets that you have to pass on to your loved ones. If your resources are relatively modest you are going to want to engage in traditional estate planning. This is going to involve preparing for the possibility of incapacity while you arrange for the future distribution of your financial assets to your heirs. … [Read more...] about The Differences Between Traditional Estate Planning & Legacy Wealth Planning
Blended Families
Second Marriages and Your Estate Plan
For divorced people entering into second marriages, or considering marriage for a second or subsequent time, understanding how your new marriage will affect your estate plan is essential. Marriage alters many of your estate planning options, and subsequent marriages are no different. Learning how your new marriage will affect you and your family and updating your estate plan to reflect your new circumstances is important. Second Marriages and Inheritance Rights Spouses automatically … [Read more...] about Second Marriages and Your Estate Plan
Prenuptial Agreements Can Provide Remarriage Protection
Requiring a prenuptial agreement before your spouse remarries can provide peace of mind and protect your spouse, your children, and their inheritance. If you leave your assets in a trust for your spouse and children, you can require your spouse obtain a prenuptial agreement before remarriage. This can protect your loved ones. Read on to find out more about prenuptial agreements. Prenuptial Agreements Can Provide Remarriage Protection … [Read more...] about Prenuptial Agreements Can Provide Remarriage Protection
Planning is Critical
It’s important to have a plan. If you don’t have a plan, your state law dictates who gets your property and makes decisions for you. Read on to learn more about a heart-breaking story of someone who didn’t plan and the consequences. Planning is Critical … [Read more...] about Planning is Critical
