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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.

Charitable Giving Trusts Protect Assets and Create a Legacy of Giving

Charitable Giving Trusts Protect Assets and Create a Legacy of Giving

POSTED ON: November 5, 2024 BY: Troy Werner
When he died in 2013 at the untimely age of 51 from sudden cardiac arrest, Gandolfini bequeathed a disaster to his heirs.
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Inheriting the Family Business: Succession Planning Secures Your Legacy

Inheriting the Family Business: Succession Planning Secures Your Legacy

POSTED ON: November 4, 2024 BY: Troy Werner
Learn how to prepare the next generation to lead your family business with proper planning, leadership training and clear goals for the future.
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How to Avoid Probate with a Revocable Trust

How to Avoid Probate with a Revocable Trust

POSTED ON: November 1, 2024 BY: Troy Werner
A revocable trust allows assets correctly transferred into the trust during the grantor's lifetime to bypass probate. This can simplify asset distribution and help preserve privacy.
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Creating a Senior Life Plan to Reduce the Burden on Loved Ones as You Age

Creating a Senior Life Plan to Reduce the Burden on Loved Ones as You Age

POSTED ON: October 31, 2024 BY: Troy Werner
A senior life plan can reduce the burden on loved ones by addressing medical, financial and legal needs before they become urgent.
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Strategies to Protect Assets from Lawsuits and Creditors

Strategies to Protect Assets from Lawsuits and Creditors

POSTED ON: October 30, 2024 BY: Troy Werner
Discover key strategies like trusts, IRAs and homestead exemptions to protect your assets from lawsuits and creditors.
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Can I Bequeath the Family Home to My Children?

Can I Bequeath the Family Home to My Children?

POSTED ON: October 29, 2024 BY: Troy Werner
If you and your siblings are on track to one day inherit your parents’ home, take heed of this cautionary tale.
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Prepare for an Uncertain Taxing Future with Trusts.

Prepare for an Uncertain Taxing Future with Trusts

POSTED ON: October 28, 2024 BY: Troy Werner
Use the higher exemption amounts before they go away by establishing trusts that remove assets from the taxable estate. Spousal Lifetime Access Trusts, or ‘SLATs,’ have emerged as one of the most popular and effective estate planning tools for this purpose.
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How to Avoid Reverse Mortgage Scams that Target Seniors

How to Avoid Reverse Mortgage Scams that Target Seniors

POSTED ON: October 25, 2024 BY: Troy Werner
Reverse mortgage scams are targeting elders with alarming frequency. Learn the red flags of these and other elder scams to protect yourself in old age.
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Estate Planning Success Supported by Speaking with Heirs

Estate Planning Success Supported by Speaking with Heirs

POSTED ON: October 24, 2024 BY: Troy Werner
Because we are reluctant to discuss wills, many families only learn what their loved ones want to happen with their property after funeral services, and grief has made everyone fragile. A recent article from Success, “Will Power: Why Transparency in Estate Planning Matters,” explains how family members can share their wishes with loved ones during difficult times. People not used to dealing with large sums of money may not have plans for tax-efficient wealth transfer. This includes parents who have devoted their lives to saving for retirement and need a plan both to use their accumulated wealth and pass it…
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How Does Estate Planning Protect Couples with Big Age Gaps?

How Does Estate Planning Protect Couples with Big Age Gaps?

POSTED ON: October 23, 2024 BY: Troy Werner
Relationships with significant age gaps come with unique rewards and challenges, especially for couples discussing how to manage their estate later in life.
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