Many couples may consider setting up a revocable trust in order to protect assets when one spouse dies before the other. Splitting the trust upon the death of one spouse is good for other situations as well. Here are some reasons that you may wish to split your trust upon the death of one spouse. [...]
It may seem like a great idea to give your home to your kids or other relatives. It reduces the tax burden you have to pay, you can still live there, and you are giving an asset to your loved one for the future. There are a few reasons you may consider before gifting your [...]
Having the proper legal documents drawn up for your parents or other elderly loved ones is more important the older they get. Having these conversations while they are in full possession of their mental faculties makes planning easier, but not the conversation. Nobody likes talking about the inevitable, however there are ways to encourage your [...]
It is more and more common for couples to choose not to be married. Even if couples choose to live together, there are some fundamental differences between the benefits that are afforded to married couples and those who choose not to get married. That is why we'll explain the importance of estate planning for unmarried [...]