Don’t Make These Common, Expensive Mistakes: How to Leave Assets to Minor Children

Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good...

The Complex Modern Family Requires a New Estate Planning and Elder Care Model

A new book suggests that estate planning and elder care and a loved one’s death are especially important for today’s complex modern families. In Homeward Bound: Modern Families, Elder Care, and Loss, the authors contend that the current approach to estate...

The Pitfalls of Using Beneficiary Designations as Your Estate Plan

What Are Beneficiary Designations or Transfer on Death Designations? Many people use beneficiary designations as an alternative to doing proper estate planning.  Why not?  It’s quick and easy!  It avoids probate! It allows you to rest easy that you have provided...

Advance Directives: You Need an Incapacity Plan That Works When It’s Needed

Estate planning is not only about having a plan in place to deal with what happens at your death.   You need an incapacity plan that works to deal with what happens if you become mentally incapacitated including appropriate advance directives.  In this post you will...

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