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A New Approach to Legacy Wealth Planning

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  Estate Planning is important for passing assets to the next generation. However, is that enough? For many, Legacy Wealth Planning is an important element of their overall Estate Planning efforts. If Estate Planning is the beginning, then Legacy Wealth Planning takes it to the next level: your holistic efforts of protecting and planning for future generations. Legacy Wealth Planning is more than … [Read more...] about A New Approach to Legacy Wealth Planning

Difficult Decisions

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  During the process of creating your estate plan, you will be forced to make some difficult decisions.  With each decision, it is important to carefully consider your choice and evaluate the consequences of the resulting circumstance. Let’s talk about what you will want to contemplate before starting your estate plan. What do you want to accomplish with your estate planning? Who do you … [Read more...] about Difficult Decisions

What Should I Bring to My Estate Planning Consultation?

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You have scheduled your estate planning consultation and are starting to prepare for your appointment.  You think to yourself, what should I bring? Meeting with an estate planning attorney can be a daunting task.  It is difficult to confront your own mortality but then also consider your loved ones and the effect that your death may have on them financially.  Here are a few things you can do to … [Read more...] about What Should I Bring to My Estate Planning Consultation?

What is a Trust Protector?

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  A “Trust Protector,” also sometimes called a “Special co-Trustee,” is not really a trustee but is someone who has special power over the trust. Depending upon the trust, they may have the power to modify the trust for changes in beneficiary circumstances or changes in state or federal law. They may have the power to change the situs (location) of the trust to a different site. Let’s look at … [Read more...] about What is a Trust Protector?

Why is My Power of Attorney So Important?

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  One of the cornerstones of a comprehensive estate plan is a durable financial power of attorney. Whether you are a multi-millionaire, a twenty something just getting started in your adult life, or an elderly person trying to qualify for Medicaid long term care, the power of attorney is a critical component to an effective estate plan. So how does it work? The durable financial power of … [Read more...] about Why is My Power of Attorney So Important?