When considering creating or updating your estate plan in 2020, you will want to make sure that you consider all of your planning needs. This will ensure that you have a proper plan that will protect you during all of life’s unexpected events. The information below will explain more about your needs. In this second installment about estate planning considerations, we address additional issues often overlooked in many estate plans. If you have any questions about the information below, or if … [Read more...] about New Year Resolution: Review Your Estate Plan (part 2 of 2)
We’ve put together a collection of estate planning tips for you and your family. If you’re like most people, there will be at least one thing on this list that you haven’t thought of yet. Others will serve as a gentle reminder to take action. 1. You need to name temporary guardians so that someone is authorized to care for your children in the event you are disabled (temporarily or permanently) and unable to care for them yourself. After all, your will, appointing permanent guardians, … [Read more...] about Handy Estate Planning Tips for You and Your Family
When beginning to think about your estate planning needs, you may decide to execute a will. A will can allow you to achieve a number of goals. However, it likely won’t allow you to handle all of your estate planning affairs unless you have a simple and modest estate. Take a look at the following information, to learn more. If you have any questions about the use of a will, contact an experienced and qualified estate planning attorney. You can’t control all asset distribution. It’s … [Read more...] about Why a Will Isn’t the Only Document You Need (part 2 of 2)
Each of these 13 disturbing estate planning facts is true; but, each situation can be avoided with a strong, individualized, comprehensive, and up-to-date estate plan. If you don’t name a guardian in your will, your minor children could end up with persons you either don't like or don't know. If you don’t provide for your pet in your estate plan, your pet may be euthanized when you die. If you put assets in joint tenancy with a second spouse, your children may be disinherited. If … [Read more...] about 13 Disturbing Estate Planning Problems
Do you treat your pet like family? You may be wondering if there is a way for you to care for your pet, even when you die. The good news is you can incorporate your furry friends into your estate planning. If you want to learn more about estate planning for your pet, read on. 1. Choose a new pet owner. Make sure that you choose someone who is able to care for you pet. Discuss this with him or her ahead of time. Include provisions for new pet ownership in your will or trust. … [Read more...] about Providing For Your Pet After You Die
When you think about the situation that you may be in as a senior citizen, you can quickly realize why you may be able to benefit from dog ownership. As you get older, you lose loved ones along the way, and your family members are grown and busy conducting their own lives. A dog can provide you with a much-needed companion during this stage of your life. In addition to the companionship, a dog is a big responsibility, so you have a sense of purpose in your life once again. Many dogs are good … [Read more...] about Can I Create a Trust for My Dog?
When you are engaged in your estate planning efforts, you are naturally going to create an inheritance list. Most of the individuals on the list will walk on two legs, but you may also want to include your pet when you are devising your estate plan. Younger adults who are members of supportive families who share pet ownership may not be too concerned about the well-being of the pet, because there is a support system in place to take over if you were to pass away. However, pet planning can be … [Read more...] about How Can I Provide for My Pet in My Estate Plan?
People with pets come to our offices because they want to create a pet plan. Like estate plans, pet plans address issues that arise should you die or become incapacitated. As the name implies, however, pet plans are specifically designed to address the needs of your pet when you are no longer able to care for the animal. Some of our clients ask us if they can use life insurance as a part of their pet plans. While a good insurance policy can be a great way to protect your pet, you can only use … [Read more...] about Pets and Life Insurance
For pet owners, taking the time to develop an estate plan that will ensure your pet is cared for after you are gone might require you to incorporate pet insurance. In addition to making a pet trust or taking other steps to protect your furry loved one, pet insurance can be a useful and practical tool. Like all estate planning elements, you will need to carefully consider your needs, abilities, as well as the effects that pet insurance might have on the other elements of your estate plan. Here … [Read more...] about Common Questions About Pet Insurance and Your Estate Plan
As a pet owner, you know the feelings of joy and satisfaction you get from your animal companion. As an aging senior, however, you also know that there are a lot of things that you used to do that you probably shouldn’t do any more. Senior pet owners have to consider several issues as they age that younger pet owners don’t really need to think about as much. If you are a senior pet owner and have yet to do so, developing a pet plan is an essential piece of being prepared for the future. Issue 1. … [Read more...] about Three Issues Senior Pet Owners Need to Think About