![]() a Will Beneficiary Deeds Living Trust Requirements Living Trust Taxes Living Trust Advantages Funding a Living Trust Living Trust Disadvantages Joint Tenancy vs. If you have specific wishes for where you would like to be buried or for what you would like done with your remains after your death, your estate planning attorney can prepare a document to help make your wishes clear and appoint someone to handle these requests.Įstate Planning Inheritance Funding Choosing a Probate Attorney Estate Planning for Singles How to Avoid Estate Taxes Using Trusts Benefits of Trusts in Estate Planning Understanding Inheritance, Estate & Gift Taxes How to Protect Assets From Medicaid Types of Trusts for Estate Planning What is an estate executor? Online And Social Media Accounts Using an LLC for Estate Planning Does a Revocable Trust Become Irrevocable Upon Death? Land Trust Privacy Does a Revocable Trust Avoid Estate Taxes? Five Common Will Mistakes DIY Will Dying Without a Will Estate Planning for Blended Families Estate Tax & Inheritance Tax Do Not Resuscitate Order Estate Planning Documents Common Problems With DIY Wills Estate Planning Checklist Holographic Will Choosing a Guardian for Minor Children Estate Planning Questions Joint Will Executor Responsibilities Revocable Living Trust vs. Your Final Arrangementsĭiscuss your final arrangements with your estate planning attorney as well as your family. ![]() ![]() You will also want to make sure that a plan is put in place to retain key employees, to bring family members into the business when you are ready, and to help ensure the long-term survival of the business. If you are the owner or co-owner of a family-owned or closely-held business, it is imperative that you discuss business succession issues with your attorney. You may want to put it in trust or pay for someone's education or medical expenses. There are more ways to make a gift than simply writing a check to someone. If you are thinking about making gifts during your lifetime, be sure to discuss this with your attorney. Discuss Lifetime Gifts With Your Attorney Whether a trust is right for your individual estate planning needs should be discussed with your estate planning attorney. Keep in mind that trusts, especially revocable living trusts, are not one-size-fits-all. It is also important to consider the timing of that charitable gift - whether it should be made while you are alive or if it would be better to make the gift after you pass away. Your attorney can discuss with you the different vehicles available for making charitable gifts, be they outright gifts, gifts in trust, or gifts made through a private foundation. ![]() It can help you make a gift to a beneficiary, or to ensure that funds are available to your estate to pay for your final expenses. Life insurance can be a very helpful tool in estate planning. If you don't have any beneficiary designations, you should make sure that they are put in place where appropriate, and that they are in line with the rest of your estate plan.ĭepending on your individual circumstances, you may want to consider purchasing life insurance. After you have considered your will and ancillary documents, you will want to confirm that your beneficiary designations are in line with your overall estate plan.
0 Comments
Leave a Reply. |