Talking to your children about your estate plan
A key part of the smooth implementation of your estate plan is having a conversation with your children where you are open and transparent about your plan. Having this conversation with them can help prevent future conflicts and can give them more confidence to know what to do when needed. Although it might be much …
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Estate Planning for Your Furry Friends (Part 2)
In the last post, I began writing about including care for your pet as part of your estate plan. One option for doing this is to establish a pet trust. A pet trust is a type of trust established for the care of one or more animals that outlive their owners. Pet trusts are recognized …
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Navigating Health Care Decisions: Living Wills and Health Care Powers of Attorney Explained
At A/Z Wilson Estate Planning & Elder Law Estate Planning & Elder Law LLC, we understand that facing medical uncertainty can be daunting. Preparing a living will and designating a power of attorney for health care are essential steps in ensuring your wishes are honored when you may not be able to express them yourself. Our knowledgeable team can …
Estate Planning for Your Furry Friends (Part 1)
Often, pet owners consider their pets to not just be their most valuable possessions but to be members of their family. Those who own pets want to do all they can to care for their animals, so it is important to consider what may happen if your pet outlives you and to have a plan …
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Why not include charitable bequest in estate plan? (Part 2)
In the last post, I shared several reasons people often have for not including a charitable bequest in their estate plan. Here are five more reasons people may have for not including this as part of their estate plan along with reasons why a charitable bequest might be a better option than one may realize: …
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Why not include charitable bequest in estate plan? (Part 1)
According to a number of surveys, about 60% of Americans give to charity annually. However, less than 10% of wills and estate plans include a charitable bequest. Here are some common reasons people may have for not including a charitable bequest in their estate plan as well as why making this a part of your …
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Estate Planning Pitfall: You Missed the Estate Tax Filing Deadline
It is unlikely that you need to be reminded of April 15th (or the next business day if the due date falls on a weekend or holiday) being the tax filing deadline date as we are often reminded of this date every year. However, if you are the person serving as executor of your loved …
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Client Estate Plan Review Checklist (Part 2)
In the last post, I shared about specific things to keep in mind while reviewing your estate plan. Here are 10 more: 11. Charitable Contributions If you have chosen any charitable organizations for planned donations, make sure these organizations still align with your intentions, goals, and values. 12. Estate Tax Considerations See if any changes …
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Client Estate Plan Review Checklist (Part 1)
An effective estate plan is like a finely-tuned machine, and it needs regular maintenance to make sure it operates harmoniously in the face of life’s changes and challenges. An estate plan should be revisited every few years as well as after any major life change to make sure it is still aligned with your current …
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Estate Planning for Child-Free Adults
During your life: When it comes to estate planning to prepare for what may happen while you are still alive, you’ll want to make sure you have documents in place for your spouse or other individual(s) you trust to be able to make medical and financial decisions on your behalf if you become incapacitated or …