Timing can play a crucial role when managing your assets and planning for the future. You might wonder if starting an estate plan is necessary before any health issues arise. Many people postpone estate planning, thinking it's only relevant for the elderly or unwell....
Estate Planning
Leaving inheritance to your grandchildren but not your children
You may want to leave your children out of your will for many reasons. It may be because you have already given them their inheritance in advance, or they have become estranged. Whatever the reasons, you are entirely within your rights to do whatever you want with...
Should you revise your estate plan after you retire?
Retirement often marks a significant life change, and it’s essential to revisit your estate plan during this time. Ensuring that your estate plan reflects your current wishes and circumstances can provide peace of mind and security for your future. Importance of...
3 most important parts of an estate plan
The future can often seem intimidating. However, estate plans ensure that other people care for an individual's wishes when this person can no longer make decisions. Each part of this plan plays a huge role in protecting an individual and their assets. 1. Will or...
Estate planning for new grandparents
Becoming a grandparent brings immense joy and new responsibilities. New grandparents often wish to revisit estate plans to ensure their grandchildren's futures are secure. Updating wills As a new grandparent, updating your will is crucial. Specify how you want your...
How to talk to your parents about starting their estate plan
Discussing estate planning with your parents can be challenging but essential. Addressing this topic early ensures everyone respects their wishes. Choose the right time and place Select an appropriate moment to talk about estate planning. Find a quiet, comfortable...
Protecting your newfound wealth: estate planning strategies
Estate planning might not be the first thing on your mind amidst a booming business and growing personal wealth, but it’s a valuable step to ensure that you protect your assets and secure your family’s future. If you have seen an increase in your wealth, there are...
Do I need an estate plan if I do not have kids?
Planning for the future is important, even if you do not have children. While you may first associate estate planning with passing on assets to your kids, there are other reasons to consider creating a plan. An estate plan can provide peace of mind and clarity for you...
What to consider when choosing a guardian for your children
When planning for the future, one of the most important decisions for parents involves choosing a guardian for their children. This decision ensures that, in the event of the parents' untimely demise, their children will receive proper care and guidance. In...
Going over the benefits of special needs trusts
A special needs trust is a valuable tool that can provide security for families who have a loved one with special needs. When a family member develops special needs, it is important to plan for their long-term care and financial well-being. In fact, these trusts offer...