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Select Why You Shouldn’t Leave Your Home to Your Children Why You Shouldn’t Leave Your Home to Your Children

Why You Shouldn’t Leave Your Home to Your Children

POSTED ON: February 4, 2024 BY: Troy Werner
The home represents a large portion of the estate of many Americans. You, therefore, may intend to leave your family home to your children, as it is an asset that should retain its value over time.
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Different Types of Wills: Understanding the Right One for You

Different Types of Wills: Understanding the Right One for You

POSTED ON: February 3, 2024 BY: Troy Werner
Navigating the world of estate planning can be complex and overwhelming, particularly when it comes to understanding the different types of wills available. Each type of will serves a unique purpose and caters to different estate planning needs…
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What’s the Best Way to Manage an Inheritance?

What’s the Best Way to Manage an Inheritance?

POSTED ON: February 2, 2024 BY: Troy Werner
Before you start spending your windfall, take some time to figure out your taxes, how you might invest and what your long-term plan looks like.
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How Does a Pour-Over Will Work?

How Does a Pour-Over Will Work?

POSTED ON: February 1, 2024 BY: Troy Werner
For those who want to avoid the court-controlled process that takes place after a person’s death (known as “probate”)—using a Revocable Living Trust is typically the best way to do so.
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Estate Planning for Children: Ensuring a Secure Future

Estate Planning for Children: Ensuring a Secure Future

POSTED ON: January 31, 2024 BY: Troy Werner
Estate planning is a critical process for any parent concerned about the future well-being of their children. In today’s uncertain world, having a robust plan is not just a wise decision but a necessary step in safeguarding your children’s future…
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Don't Gamble with Your Future: Why Choosing the Right Estate Planning Attorney Matters

Don't Gamble with Your Future: Why Choosing the Right Estate Planning Attorney Matters

POSTED ON: January 30, 2024 BY: Troy Werner
Estate planning: two words that encapsulate the entirety of your life’s work and the legacy you wish to leave behind. It is a profound yet often misunderstood aspect of personal finance and legal preparedness. As an experienced estate planning attorney, I’ve seen firsthand the turmoil and heartache…
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Who Will Take Care of Your Pet in Case of An Unexpected Death?

Who Will Take Care of Your Pet in Case of An Unexpected Death?

POSTED ON: January 29, 2024 BY: Troy Werner
Appointing a guardian, establishing a pet trust and other ways to ensure your animals will be cared for.
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Estate Planning for High Net-Worth Individuals with Residual Income

Estate Planning for High Net-Worth Individuals with Residual Income

POSTED ON: January 28, 2024 BY: Troy Werner
Residual income, especially prevalent in the entertainment industry, refers to ongoing payments received for work done in the past. This income can stem from royalties in TV shows, movies, music, or books. A notable example is the late Matthew Perry, whose role in Friends brought him substantial residuals, as highlighted in a CNBC article. The Importance of Estate Planning for Residual Income For individuals with significant residual income, estate planning is crucial. It ensures that their assets are distributed according to their wishes and can help mitigate complex legal and financial issues after their passing. Case Study:…
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Designating Your Beneficiary

Designating Your Beneficiary

POSTED ON: January 27, 2024 BY: Troy Werner
Choosing a beneficiary is a critical decision in managing your financial and estate plans. This article delves into the nuances of beneficiary designations, offering insights into why making…
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How Do You Stop Family Fights over Inheritance?

How Do You Stop Family Fights over Inheritance?

POSTED ON: January 26, 2024 BY: Troy Werner
A highly successful estate-management strategy for avoiding inheritance disputes is to make a meticulously detailed and legally sound will.
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