If you have a significant estate to leave to your heirs—but you are still alive and well—to whom does that significant estate belong, you or them? This seems a silly question: of course the property belongs to you, but many adult children have come to count on the property their parents will leave them, and—rightly… Read More »
Posts Tagged: estate plan
Organize Your Estate for Your Successor Trustee
If you’ve ever been unlucky enough to have to execute a deceased loved one’s estate, then you know what an overwhelming job it can be. Think about your own method of organization. Do you keep all of your financial papers in one place? Do you keep your birth and marriage certificates nearby and easily accessible? … Read More »
Time and Tide Wait for No Man, It’s Time to Update Your Estate Plan
If you are one of the thoughtful people who already have an estate plan you may be looking at the news stories about President Obama and his changes to the estate tax and wondering if it will affect your plan. “How long ago did I create my plan?” is the inevitable question we ask ourselves,… Read More »