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Should You Pair a Pour-Over Will With a Revocable Trust? Here's What You Need to Know

Should You Pair a Pour-Over Will With a Revocable Trust Here's What You Need to Know

POSTED ON: December 6, 2024 BY: April
Estate planning is all about protecting your assets and ensuring your wishes are carried out. For those looking for an extra layer of security, combining a pour-over will with a revocable trust can be a smart solution. What Is a Pour-Over Will? Think of a pour-over will as a safety net for your estate. If […]
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Is Your Estate Plan Keeping Up with Life's Changes? Here's What to Do

Is Your Estate Plan Keeping Up with Life's Changes? Here's What to Do

POSTED ON: December 5, 2024 BY: April
Life evolves, and so should your estate plan. For individuals managing farms, ranches, or family businesses, outdated trusts and estate plans can fail to address today’s needs and priorities. Adding to the challenge, adult children may not always agree with plans made years ago. A recent article from Successful Farming, “How to Handle an Outdated […]
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The Hidden Dangers of DIY Wills and Why Professional Guidance Is Worth It

The Hidden Dangers of DIY Wills and Why Professional Guidance Is Worth It

POSTED ON: December 4, 2024 BY: April
Planning your estate is a critical step in ensuring your loved ones are cared for after you’re gone. While DIY wills may appear to be a cost-effective solution, they often lead to unexpected complications that outweigh the initial savings. Understanding the risks involved can help you make a more informed decision about securing your legacy. […]
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Navigating Legal and Financial Planning After an Alzheimer's Diagnosis

Navigating Legal and Financial Planning After an Alzheimer's Diagnosis

POSTED ON: December 3, 2024 BY: April
An Alzheimer's diagnosis brings emotional and practical challenges that can feel overwhelming for families. While addressing immediate needs often takes priority, preparing for the future is equally essential. Taking proactive steps ensures that a loved one’s wishes are respected, and their affairs are managed with care as their cognitive abilities decline. Why Start Planning Early? […]
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Leaving Inheritance to Estranged Family Members Key Considerations

Leaving Inheritance to Estranged Family Members: Key Considerations

POSTED ON: December 2, 2024 BY: April
Planning an estate often involves making difficult decisions about how your legacy will be passed down. For parents dealing with estranged family members, these decisions can become particularly emotional and complex. If you’re uncertain about whether to leave an inheritance to an estranged family member, understanding your options can help you navigate this delicate situation. […]
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The Importance of Keeping Your Estate Plan Updated

The Importance of Keeping Your Estate Plan Updated

POSTED ON: November 29, 2024 BY: April
Without a well-crafted and up-to-date estate plan, your property will be distributed based on the intestacy laws of your state of residence. These laws primarily focus on kinship, often dividing assets between spouses and children. If this distribution doesn’t align with your wishes, it won’t matter—estate planning must be done while you’re alive and able […]
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Estate Planning in the Face of a Serious Diagnosis

Estate Planning in the Face of a Serious Diagnosis

POSTED ON: November 28, 2024 BY: April
A life-changing diagnosis often brings a shift in perspective, especially regarding finances and estate planning. Jonathan Clements, a respected personal finance journalist, shared his insights in a recent Morningstar article titled “How Illness Can Change the Way You Approach Your Finances.” Diagnosed with advanced cancer and given a year to live, Clements recounted the financial […]
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What You Need to Know About Special Needs Trusts

What You Need to Know About Special Needs Trusts

POSTED ON: November 27, 2024 BY: April
A special needs trust (SNT) is a vital estate planning tool that allows individuals to support loved ones with disabilities without jeopardizing their eligibility for government benefits. By understanding how these trusts function, how they are funded, and their limitations, families can secure a stable future for their disabled family members. Protecting Benefits with a […]
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What Not to Include in Your Estate Plan

What Not to Include in Your Estate Plan

POSTED ON: November 26, 2024 BY: April
Estate planning is about ensuring your family's future security and preserving your legacy. However, not all assets are worth passing on. Some can become burdens rather than blessings for your heirs. Here are six assets you might want to reconsider leaving behind—and how to address them effectively. 1. Timeshares: A Gift or a Burden? While […]
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Updating Your Will When and How to Make Changes

Updating Your Will When and How to Make Changes

POSTED ON: November 25, 2024 BY: April
A last will and testament is a critical legal document for distributing assets like investments, real estate, and personal property after death. While it serves as the cornerstone of an estate plan once signed and executed, life circumstances may lead to changes in how you want your assets managed or distributed. One method for making […]
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