When it comes to securing your family’s well-being after you’re gone, relying solely on a will may not be enough. Although estate planning isn’t a pleasant topic for daily consideration, it’s essential to prepare adequately. While a will is a commonly used estate planning tool, it might not provide the comprehensive protection your family needs. Here we’ll explore the top five reasons why you should consider more than just a will when planning your estate.
5 Reasons a Will
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Planning for Minor Children in Your Estate Plan
Planning for your minor children in your estate plan is a crucial aspect of parenthood that ensures their well-being and security, even in your absence. It involves thoughtful considerations and strategic decision-making. Here are the key steps to take when planning for minor children, ensuring a secure and prosperous future for them.
Planning for Minor Children in Your Estate Plan
Appoint a Guardian for Your Child
The decision to name a guardian for your child is one of the…
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Beneficiary Designations & Your Estate Plan
Beneficiary designations can be the foundation of a solid estate plan. Losing a loved one is already an emotionally challenging experience, and dealing with the practical aspects of their estate can add an additional layer of stress. A missing beneficiary designation on even one account can cause unexpected complications during the grieving process that only add additional strife to your loved ones.
An oversight can lead to the necessity of the probate process, resulting in significant legal fees, court…
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Common Estate Planning Mistakes & How to Avoid Them
These common estate planning mistakes happen more often than you may think. Many don’t realize that estate plans aren’t only for the wealthy or unhealthy. Your will is more than just a piece of paper—it’s a roadmap for your assets, guardianship, and debts after you’re gone, or in emergency situations. There are many common estate planning mistakes that could lead to legal and financial headaches for your loved ones. Let’s break down these estate planning mistakes and learn how…
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Tips for Preparing Your Kids for Their Inheritance
Prepare your kids for their inheritance with these tips! One of the most significant responsibilities as a parent is ensuring your children’s future, which includes preparing them for their inheritance. While the topic of children’s inheritance can be sensitive, it’s essential to approach it with care and open communication. In this blog post, we’ll explore the key steps and tips to help you prepare your children for the inevitable transition of their inheritance.
How to Prepare Your Kids for…
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Estate Planning Nightmares: True Tales of Spooky Scenarios

These estate planning nightmares will give you a fright if you don’t have a well thought out estate plan. As the leaves fall and the crisp autumn air surrounds us, Halloween enthusiasts aren’t the only ones eager to share spine-tingling stories. This season, we bring you a collection of estate planning nightmares that will send shivers down your spine. These real-life tales serve as cautionary reminders of the importance of thoughtful estate planning. So, gather ’round, dim the lights,…
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Contesting a Will: How to Prevent Family Estate Disputes
Contesting a will is a complex and emotionally charged process that can lead to rifts among family members. The passing of a loved one is a difficult time for any family, and it can become even more challenging when disputes arise over the distribution of their estate. We’ve seen many famous examples of this from Michael Jackson, Aretha Franklin, and Whitney Houston. So what are the reasons people contest wills and how can you take proactive measures to prevent…
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Planning for Pets in Your Estate
Estate planning is a critical process that often focuses on the distribution of assets and property among family members and beneficiaries. However, for many of us, our pets are not just animals but beloved members of the family. As responsible pet owners, it’s essential to include planning for pets in your estate to ensure their well-being and security in case of an emergency. Here we will explore the importance of including your pets in your estate planning and provide…
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Payable on Death Accounts & Your Estate Plan

Let’s deep dive into the benefits and pitfalls of Payable on Death Accounts. When it comes to managing your finances and planning for the future, understanding your options is key. One financial tool that you may have come across is the Payable on Death (POD) account. Here we’ll break down what POD accounts are and explore the benefits and potential pitfalls associated with them and how they can affect your estate planning.
What is a Payable on Death (POD)…
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Unlocking Tax Savings for Business Owners: Section 1202 Stock
Tax savings for business owners may be found in the Qualified Small Business Stock. As a business owner or professional looking to invest in small businesses, you’re likely always on the lookout for ways to optimize your financial strategy. One powerful but often overlooked avenue for reducing tax liability is Section 1202 stock, also known as Qualified Small Business Stock. Here we’ll break down what Section 1202 stock is, how it can benefit you, and what you need to…
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Non-Financial Ways to Leave a Legacy
Your estate plan should include non-financial ways to leave a legacy. Estate planning is often associated with managing one’s financial assets and ensuring a smooth transition of wealth to future generations. While financial planning is a crucial aspect, it’s equally important to consider the non-financial ways to leave a legacy. Your values, beliefs, and the impact you’ve had on the lives of others can be a profound part of the legacy you leave behind. Learn the non-financial ways to…
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The Best Ways to Leave Your Kids an Inheritance
The best ways to leave your kids an inheritance don’t need to be as complicated as you may think. Leaving an inheritance for your children is a thoughtful and caring way to provide for their financial future. Whether you have accumulated substantial wealth or modest assets, planning how to pass them on efficiently is essential. Here are the best ways to leave your kids an inheritance while maximizing its benefits for them.
The Best Ways to Leave Your Kids…
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Estate Planning for Non-Married Couples
When we think of estate planning, the image that often comes to mind is of a married couple with children, creating a will and establishing trusts. However, estate planning is not exclusively reserved for married couples. Long-term, unmarried couples can also benefit greatly from proper estate planning, and in some cases it’s even more important for those who aren’t married to have a plan. Here we’ll delve into why estate planning is essential for non-married, long-term couples and explore…
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Why Estate Planning is More Than Passing on Your Money
Estate planning is more than just passing on your money. When most people hear the term “estate planning,” their thoughts naturally gravitate towards financial assets, wills, and inheritances. While it’s undeniable that financial planning is a crucial aspect of estate planning, there’s a deeper dimension to consider – one that involves passing on more than just money. This broader perspective, often referred to as “legacy planning,” acknowledges that an estate encompasses not only material wealth, but also values, memories,…
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Why You Need a Digital Executor in Your Estate Plan
A Digital Executor is a relatively new concept when it comes to estate planning. So what is it and why do you need one? In today’s increasingly digitized world, our lives are intertwined with the digital realm. From social media accounts and email addresses to online banking and cherished memories stored on the cloud, our digital footprint is extensive. While traditional estate planning covers physical assets, it’s equally crucial to address the management of your digital assets after your…
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Separate versus Joint Trusts: What’s Best for Your Family?

Deciding if you need separate versus joint trusts is a conversation that blended families need to have. Blended families, a term used to describe families created when two people with children from previous relationships come together, bring about a host of financial complexities that demand careful consideration. Balancing the financial needs of biological children, stepchildren, and the new family unit, requires a thoughtful and strategic approach. The manner in which assets are managed, protected, and distributed can significantly impact…
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