Estate Planning and the Non-Traditional Family

The traditional notion of what a family is has shifted over the decades as society has become more open and excepting of families that do not fit the norm. Now, for the purposes of this blog post, a “traditional” family is that of a husband and wife and one or more biological children. Whether you agree with it or not, things such as divorce and same-sex marriages are more prevalent in today’s society and–possibly coinciding with that–so too is the blended family, which is formed by two previously divorced people getting married. While these types of families are becoming accepted Continue reading Estate Planning and the Non-Traditional Family

Trusting in a Trust

There’s a good chance that you have a will, especially if you have assets that you want to share once you have passed on. If you don’t have many assets or few family and friends to share them with, then you can get by with a simple will (i.e. maybe a page or two long saying who gets what). However, if you have young children–or grandchildren–a simple, boilerplate will probably won’t cut it. Furthermore, if you find that your will may end up leaving a large inheritance to a child or young adult, you will want to consider guidelines and Continue reading Trusting in a Trust

Will Power: Have You Talked to An Estate Planning Attorney?

As I’ve said here on the blog many times, retirement planning involves more than just making sure you have enough money saved. It involves planning for your future, which includes such things as how you want to live out your final years as well as what you want done with your assets and estate once you have passed. That’s why you may want to talk with an attorney who specializes in estate planning as a part of your retirement planning process. This can be done along with communicating with a certified financial planner. Attorneys that specialize in estate planning can Continue reading Will Power: Have You Talked to An Estate Planning Attorney?