The desire to make a difference doesn’t end when we’re gone. For many people, incorporating charitable giving into their estate plan provides a way to support causes they care about while creating a lasting legacy. Whether you want to establish a scholarship fund, support medical research, or help your local community, thoughtful charitable planning can maximize your impact while potentially providing tax benefits for your heirs. Since this time of year invokes a desire to give to those less fortunate, and take advantage of tax benefits, let’s explore how you can do that by including charitable giving in your Life & Legacy Plan. READ MORE
Posts Categorized: Trusts
Estate Planning in Times of Change: Part 2 of 2
In uncertain times, protecting your family’s future is more important than ever—especially for LGBTQIA+ families and those with children who have special needs. This article explores how to navigate potential legal and policy changes by creating a customized Life & Legacy Plan. From safeguarding healthcare and educational rights to building comprehensive legal protections, learn how to ensure peace of mind for your loved ones. READ MORE
Common Estate Planning Questions Part 2 of 2
Planning for your family’s future can feel overwhelming with so many options to consider, such as whether to create a will or trust, or what happens if you don’t plan at all. This blog addresses common questions about estate planning, including the differences between wills and trusts, the probate process, and how to create a plan that minimizes stress for your loved ones. Gain clarity and take control of your legacy with insights and actionable steps to protect what matters most. READ MORE
Estate Planning in Times of Change: Part 1 of 2
With the estate tax exemption set to decrease in 2026 and interest rates fluctuating, now is the time to take advantage of current opportunities to protect your wealth and legacy. In Part 1 of this series, we explore the impact of taxes, interest rates, and asset protection on your estate plan. Don’t wait – learn how to secure your family’s future today! READ MORE
Common Estate Planning Questions Part 1 of 2: How to Handle Your Assets
Estate planning isn’t just about documents—it’s about ensuring your assets are protected, accessible, and passed on to your loved ones smoothly and according to your wishes. In this first part of a two-part series, we tackle common questions about asset ownership and management, such as the differences between joint ownership and transfer-on-death designations, the risks of skipping a trust, and why maintaining an up-to-date asset inventory is crucial. Discover how thoughtful planning can avoid family conflict, protect your assets from creditors, and streamline the process for your loved ones. READ MORE
Why You Need a Trust – Even If You Aren’t Rich
A trust isn’t just for the wealthy—it’s a versatile and essential tool for anyone looking to protect their loved ones, streamline the distribution of assets, and avoid the delays and costs of probate. Whether you’re a parent of minor children, part of a blended family, or planning for your own future in case of incapacity, a trust offers privacy, security, and peace of mind. Discover how a trust can benefit your unique situation by scheduling a Life and Legacy Planning Session today. READ MORE
Lessons from Tony Bennett’s Estate Battle: How to Protect Your Family’s Future
When Tony Bennett passed away in 2023, his $100 million estate became the center of a family dispute that highlights the importance of clear estate planning. Bennett’s daughters are suing their brother, the trustee of the estate, over allegations of financial mismanagement, lack of transparency, and failure to honor their father’s wishes. This case serves as a cautionary tale about the potential pitfalls of appointing a family member as trustee without proper safeguards. In this blog, we explore the lessons from the Bennett estate battle and provide valuable insights on how to protect your family from similar conflicts through thoughtful planning, communication, and the right legal guidance. READ MORE
What You Should Know Before Agreeing to Serve as Trustee
Being asked to serve as a trustee for a loved one’s trust is both an honor and a significant responsibility. Trustees are legally required to manage and distribute trust assets according to the trust’s terms, protect the interests of beneficiaries, and ensure all legal and financial duties are met. While you don’t need to be an expert in law or finances, you may need professional guidance, which can be covered by the trust. Before agreeing to serve, it’s important to fully understand the duties involved. If you’ve been asked to serve as trustee, or are considering it, we can help you assess whether it’s the right role for you. Schedule a Life and Legacy Planning Session with us to gain the clarity you need. READ MORE
Beyond the Turkey: How Thanksgiving Can Inspire Your Family Legacy Planning
Thanksgiving isn’t just about the food; it’s the perfect time to reflect on and plan for your family’s future through meaningful legacy conversations. As you gather with loved ones, consider using this holiday to discuss your family’s values, traditions, and financial wishes, ensuring that these important elements are passed down for generations. Whether it’s capturing family stories, planning for charitable giving, or creating an estate plan that reflects your family’s needs, Thanksgiving can be the springboard for thoughtful discussions that shape a secure, harmonious future. Schedule a Life & Legacy Planning session today to start creating a comprehensive plan that safeguards your family’s legacy for years to come. READ MORE
4 Reasons Why You Can’t Afford to Go Without an Estate Plan
Creating an estate plan is one of the most important steps you can take to protect your loved ones and ensure your wishes are honored. Without a plan, you risk leaving your family to navigate a slow, costly, and often confusing legal process, dealing with the state’s default inheritance rules, or even facing difficult decisions about your care or guardianship of your children. In this blog, we explore the 4 critical reasons why you can’t afford to go without an estate plan—and how taking action now can spare your family unnecessary stress, conflict, and expense. Don’t wait—get the peace of mind that comes with knowing your family is protected and your legacy is secure. Schedule your Life and Legacy Planning Session today. READ MORE
The Hidden Truth About Settling a Loved One’s Estate
Being named an executor of a loved one’s estate may seem like an honor, but it often comes with unexpected challenges. From managing paperwork and notifying financial institutions to navigating family dynamics, the responsibilities can quickly become overwhelming—especially while you’re also grieving. In this blog, we explore the hidden truths of estate administration and how a comprehensive Life & Legacy Plan can make the process smoother for your loved ones. Learn how proper planning can reduce stress, prevent family conflicts, and ensure your wishes are carried out with ease. Schedule a Life and Legacy Planning Session today to protect your family and your legacy. READ MORE
Corporate Transparency Act Requirements For Your Business Entity
Starting January 1, 2024, virtually all small businesses are required to report information about the individuals who own or control the business (called “beneficial owners”) to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. READ MORE
Veterans: Your Legacy is Worth Protecting
As we honor our veterans this Veterans Day, it’s important to remember that protecting your legacy is just as crucial as the service you’ve given to our country. Life & Legacy Planning is an essential tool for veterans, helping you safeguard your family’s future and ensure your military benefits are fully utilized. In this post, we’ll guide you through the unique estate planning opportunities available to veterans, offering practical advice on how to organize your assets, protect your loved ones, and create a comprehensive plan that reflects your wishes. Your legacy deserves to be protected—let us show you how. READ MORE
4 Reasons Why You Can’t Afford to Go Without an Estate Plan
Creating an estate plan is one of the most vital steps you can take to secure your family’s future, yet many people delay this important task with thoughts like, “I’m too young,” or “My family will know what to do.” However, without a plan, your loved ones may face a lengthy and costly probate process, lose control over who inherits your assets, and struggle to make medical and financial decisions on your behalf. If you have minor children, failing to name legal guardians can lead to heartbreaking outcomes. Don’t leave your family’s future to chance – take action today to ensure they are protected and cared for, no matter what happens. READ MORE
Shelley Duvall and What We Can All Learn From Her Death
In the wake of Shelley Duvall’s passing, we are reminded of the vital importance of having a comprehensive estate plan. Duvall’s situation, particularly concerning her long-term partner Dan Gilroy, highlights the complexities and potential pitfalls that can arise when legal matters are left unresolved. Without a will in place, Gilroy faces a challenging process to claim his rightful share of Duvall’s estate, underscoring the need for clear planning. This blog explores key lessons we can all learn from Duvall’s story, emphasizing the significance of a Life & Legacy Plan to protect your loved ones and ensure your wishes are honored. Join us as we delve into essential strategies for effective estate planning, particularly for unmarried partners and those facing mental health considerations. READ MORE