Estate Planning

Exclusive guides, tips, and strategies on how to prepare for and enhance estate planning. A “How-To” for your beneficiaries.

What Is A Will

What is a Will? An estate will, commonly referred to simply as a “will,” is a legal document that outlines how an individual’s assets and properties will be distributed upon their death. It serves as a testament to their wishes, ensuring that their final desires are respected and executed as intended. The Purpose of a…

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How To Buy A Trust

If you’re considering setting up a trust, you’ve made a wise decision to protect your assets, loved ones, and legacy. However, navigating the legal process of purchasing a trust can be overwhelming, especially if you’re unfamiliar with legal jargon or the types of trusts available. This guide will direct you through purchasing a trust, from…

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Living Will

What is a Living Will? A living will, often referred to as an “advance directive,” is a legal document that communicates an individual’s wishes regarding medical treatment should they become incapacitated and unable to make decisions for themselves. This document is pivotal in ensuring that one’s healthcare preferences are respected and adhered to, especially in…

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Revocable Trusts vs. Irrevocable Trusts: What’s The Difference?

Revocable Trusts vs. Irrevocable Trusts: Definition and Flexibility Tax Implications Of Trusts Asset Protection Of Trusts Estate Planning Of Trusts Examples Revocable Trust vs Irrevocable Trust Feature Revocable Trust Irrevocable Trust Flexibility Can be changed or terminated Cannot be changed or terminated Tax Benefits Limited; taxed as part of the estate Offers potential tax savings…

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What Is Estate Tax

Estate Taxes: A Simple Explanation Estate taxes, often referred to as “death taxes,” are taxes levied on an individual’s estate after they pass away. The tax is applied to the total value of a deceased person’s money and property and is paid out before the inheritance is distributed to the heirs. How Estate Taxes Work…

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Wills vs. Trust

What is the Difference Between a Will and a Trust? A will and a trust are both estate-planning tools, but they differ in key aspects: Living Trust Vs. Will A Living Trust is a specific type of trust that: In contrast, a will: Examples Conclusion Understanding the differences between wills and trusts is crucial for…

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How Much Does A Funeral Cost?

Average Cost of a Funeral The average cost of a funeral varies significantly based on location, services, and personal preferences. On average, a traditional funeral, including a casket and burial, can range from $7,000 to $12,000. This includes expenses such as the funeral home service, burial plot, headstone, and other associated costs. Cremation, which is…

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The Benefits of Primary and Contingent Beneficiaries for Your Estate Planning

What is a Primary Beneficiary? A primary beneficiary is the first person or entity in line to receive the assets or benefits from your life insurance policy, retirement account, or estate upon your death. This individual or group has the primary claim to the inheritance and receives the proceeds directly, bypassing the need for probate,…

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