Have you heard people talking about an upcoming event known as the great wealth transfer? It’s not really an event, per se, but something that is going to slowly take place over the upcoming years. It refers to the passing of wealth from baby boomers to their heirs....
Month: April 2020
Steps to take after the death of a loved one
When a loved one dies, it’s always traumatic -- even when the death could be reasonably expected. Many times, that person’s survivors are overwhelmed with both grief and confusion. What do they need to do first? What comes next? Here’s a guide that may help. When your...
How does your home factor into an estate plan?
You know that the first step in doing your estate planning is to figure out what your net worth looks like. That starts with simple things, like adding up the money in your bank accounts and investments. Then you move on to tangible assets; for instance, an art...
Why use an incentive trust?
Trusts give you a lot of estate planning options if you’re particular about how you pass your money on to the next generation. A will allows you to simply leave assets to people, but maybe you want to have a say in how you leave those assets or how your heirs use...
