The “Baby Boomer” generation is not only one of the largest in American history, but it’s also believed to be the wealthiest. It is estimated that Americans over the age of 70 own $15 trillion in assets. With Boomers arriving at an age where estate planning is—or, at...
The benefits of drafting a trust are many. Properly-funded trusts can help keep an individual’s estate out of probate, allowing assets to pass directly, quickly, and privately to their beneficiaries. Additionally, a trust allows an individual to control the...
Meeting with an estate planning attorney can be a daunting task. Not only do you have to face the unpleasant prospect of planning for what happens after your death, but there are so many different factors to take into account that the whole process can quickly become...
For individuals who take comfort in knowing that they are doing the right thing for their loved ones, drafting an estate plan is a fairly painless process. Sitting down with an estate planning attorney, outlining your wishes for end-of-life care, and figuring out how...
Wills and trusts are two types of legal arrangements that allow you to dictate what will happen to your estate—all of the “things” you own—after you die. Because there are many similarities between these two estate planning tools, it can often be confusing to...
Everyone agrees that it’s never too early to start saving for retirement. Most adults begin making 401(k) contributions as soon as they land their first real job, and common financial wisdom dictates that you need to put away 15% of your income in your 30s if you want...