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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.

3 Signs You Definitely Need a Trust (and Not Just a Will)

3 Signs You Definitely Need a Trust (and Not Just a Will)

POSTED ON: March 15, 2024 BY: Troy Werner
Estate planning is akin to crafting a roadmap for the future; it’s about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over…
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What is the Most Important Document in an Estate Plan?

What is the Most Important Document in an Estate Plan?

POSTED ON: March 14, 2024 BY: Troy Werner
The most important part of your estate plan isn’t about taxes, investments, gifts, or other financial issues.
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Can I Decline an Inherited IRA?

Can I Decline an Inherited IRA?

POSTED ON: March 13, 2024 BY: Troy Werner
If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.
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How Does an Estate Plan Address Young Beneficiaries?

How Does an Estate Plan Address Young Beneficiaries?

POSTED ON: March 12, 2024 BY: Troy Werner
Minor children and young adult beneficiaries in particular need more specialized provisions to protect both the assets and the beneficiaries.
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A Will Alone Is Not Enough to Avoid Probate: Beyond Basic Estate Planning

A Will Alone Is Not Enough to Avoid Probate: Beyond Basic Estate Planning

POSTED ON: March 11, 2024 BY: Troy Werner
Learn the critical reasons why a will alone is insufficient for a comprehensive estate plan, and why incorporating trusts, beneficiary designations and incapacity planning is essential to ensure a seamless and protected transfer of your assets to your loved ones.
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Do You Need an Estate Plan?

Do You Need an Estate Plan?

POSTED ON: March 10, 2024 BY: Troy Werner
Estate planning is a vital aspect of financial planning that is essential to ensure that one’s assets are protected, loved ones taken care of and the decedent’s wishes are followed.
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Do You Need a Power of Attorney as Part of Your Estate Plan?

Do You Need a Power of Attorney as Part of Your Estate Plan?

POSTED ON: March 9, 2024 BY: Troy Werner
Alarmingly, approximately 50 percent of American adults lack any form of POA, but that is not surprising when you realize that only 45 percent of adults over the age of 55 have a will.
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What Does Your Estate Plan Include Besides a Will?

What Does Your Estate Plan Include Besides a Will?

POSTED ON: March 8, 2024 BY: Troy Werner
When you chose to write a will, you have taken an important step in the direction of planning for your family and beneficiaries.
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Estate Planning after a Divorce: What You Need to Know

Estate Planning after a Divorce: What You Need to Know

POSTED ON: March 7, 2024 BY: Troy Werner
Divorce significantly affects your estate plan. Therefore, it's crucial to take timely action to revise it. If you're going through a divorce or have recently finalized one, it may be time to review and update your estate plan.
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Do I Need a Pour-Over Will?

Do I Need a Pour-Over Will?

POSTED ON: March 6, 2024 BY: Troy Werner
Upon your death, assets held in the living trust can transfer using the trust administration process. Assets held outside of the trust, on the other hand, would need to be addressed in some other way.
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