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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

How Younger Adults Take Charge of Estate Planning

How Younger Adults Take Charge of Estate Planning

POSTED ON: May 23, 2024 BY: Troy Werner
Conventional wisdom casts trusts, wills and estate plans as the exclusive domain of the ultra-rich. Supporting this notion, data reveals that two-thirds of Americans lack an estate plan, a figure that climbs higher to 80% among Gen-Zs.
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Pros and Cons of Probate in Estate Planning

Pros and Cons of Probate in Estate Planning

POSTED ON: May 22, 2024 BY: Troy Werner
The process averages six to nine months to complete. However, it may take up to two years or more for some complex estates, tying up the assets that your family may need immediately.
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Business Owners and Estate Planning: Special Concerns

Business Owners and Estate Planning: Special Concerns

POSTED ON: May 21, 2024 BY: Troy Werner
For most business owners, the business is the most valuable item on their balance sheet.
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Should You Include Psychiatric Advance Directives in Estate Plan as You Age?

Should You Include Psychiatric Advance Directives in Estate Plan as You Age?

POSTED ON: May 20, 2024 BY: Troy Werner
Comprehensive estate planning today includes elder law and other strategies that help protect your assets and interests if you experience cognitive decline or incapacity. Have you thought about protecting your mental health and care if you can't advocate for yourself? This article explores psychiatric advance directives (PADs), their purpose and how to establish one.
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Preserving Your Legacy: Estate Planning for Landowners

Preserving Your Legacy: Estate Planning for Landowners

POSTED ON: May 17, 2024 BY: Troy Werner
As a landowner, planning for the future and ensuring that your property is preserved and passed down to future generations is essential. This article explores how estate planning can help landowners safeguard their legacy and ensure continuity for their family farm or ranch.
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Estate Planning and Long-Term Care: How Can Seniors Afford Skilled Nursing in Their Senior Years

Estate Planning and Long-Term Care: How Can Seniors Afford Skilled Nursing in Their Senior Years

POSTED ON: May 16, 2024 BY: Troy Werner
High healthcare costs often do not align with the fixed income of older individuals, raising concerns about affordability and accessibility. We explore the need for long-term care, why Medicare and Medicaid are not long-term options, and estate planning to plan for skilled nursing care proactively.
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Why Appointing a Guardian for a Minor Child Goes Beyond the Will

Why Appointing a Guardian for a Minor Child Goes Beyond the Will

POSTED ON: May 15, 2024 BY: Troy Werner
This article emphasizes the importance of not just appointing, but also connecting a child with their potential guardians, ensuring they're cared for by trusted family or friends.
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An Estate Plan Question: How Do My Heirs Receive Their Money?

An Estate Plan Question: How Do My Heirs Receive Their Money?

POSTED ON: May 14, 2024 BY: Troy Werner
This article explores trusts, distribution methods, and how a trust can make it easier or harder for heirs to receive the money.
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Why Estate Planning for Veterans and Active Military Is Important and What Documents are Essential

Why Estate Planning for Veterans and Active Military Is Important and What Documents Are Essential

POSTED ON: May 13, 2024 BY: Troy Werner
This article explores the importance of estate planning for veterans and active military personnel and the essential documents to include in your estate plan.
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Safeguarding against Financial Exploitation Estate Planning for Cognitive Decline

Safeguarding against Financial Exploitation: Estate Planning for Cognitive Decline

POSTED ON: May 10, 2024 BY: Troy Werner
Cognitive decline, particularly associated with conditions like Alzheimer's disease, poses significant risks for financial exploitation. This post explores practical estate planning strategies to protect vulnerable individuals when signs of dementia are noticed.
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