When you create a revocable living trust, you’ll need a trustee to be in charge of managing the property and accounts in the trust. Initially, this will typically be you. However, you’ll need to name a successor trustee to step in and do this when you no longer can. Choosing your successor trustee is an…

October’s newsletter delves into estate planning lessons from Hollywood, with insights on creating a lasting legacy drawn from Rain Man and The Descendants. These iconic films offer valuable takeaways for families facing estate planning challenges, from caring for loved ones with special needs to managing complex family trusts. Without a doubt, these stories highlight the…

We’ve covered many topics on how estate planning secures wealth distribution according to your preferences. However, what about items with less financial value but significant sentimental value? Often, there is no clear path for who will receive these sentimental items and heirlooms, which can spark disputes during the already emotionally charged time of grieving. Let’s…

Many people are under the impression that if they die without a will (dying intestate), everything they own will automatically pass to their spouse and children. State rules differ on this, but generally, your spouse will inherit a percentage of what you own. However, the court could split your assets in ways you might not…

September’s newsletter covers estate planning for young adults, from basic first documents to smart financial strategies. It’s a great read to gain actionable first steps your young adult child can take toward financial literacy and estate planning to ensure a secure transition into adulthood. Here’s what you’ll find inside: Starter Estate Plan for High School…