Estate Planning Information
Estate Planning Topics
14. It’s time to protect your family & your future
Estate planning is a financial process that can protect you and your family, and is a very important component of your overall financial planning. If you don’t have an up-to-date estate plan and you happen to get hurt or sick and cannot manage your financial affairs, the courts will have to appoint someone to manage [...]
Is it time to get your estate planning house in order?
Estate planning is a very important component of everyone’s financial plans, regardless of the size of the estate. It’s the only way to control what happens to your assets when you become disabled or pass away. Estate planning is one of the most overlooked areas of personal financial management. It is estimated that over 120,000,000 [...]
01. Organization & planning are your keys to success
The beginning of year is an excellent time to review your finances and to update your financial plans for your future. But this year, it’s especially important as last year was devastating to many individuals and businesses. Even with some recovery, we’ve experienced unprecedented financial times within the equity and real estate markets that will [...]
02. Now’s prime time to get your financial house in order
Getting and keeping your financial house in order is an important household task all the time, but this year in particular. With all the financial uncertainties occurring you want your important paperwork and digital files readily accessible. Quick: do you know where’s your deed to your house or your pink slip to your car? When’s [...]
04. Discover your net worth?
The start of the year, is always a good time to take an inventory of your current financial position.. This is essential information you’ll need for making any wise financial decisions and for doing your long-range financial planning. Assessing your financial position (or net worth) begins with listing the kinds of assets (things you own) [...]
Charitable gifts come in many forms
Q: In our financial plans, we’ve been considering our retirement and ways to support our children and grandchildren, but we’d also like to think about supporting our favorite charities. How can we do more than our usual annual gifts? –H.S. Texas A: When you decide the time is right time for you to make a charitable [...]
Choosing the right financial advisers
It’s important that you carefully select qualified advisers to guide you through lifes changes and challenges. If used properly, the right financial adviser (s) can save you time, money and heartaches. There are many types of financial advisers and services to choose from. These many include attorneys, accountants, appraisers, bankers. credit counselors, financial planners, investment advisers, [...]
Modifying Estate Planning Documents for Someone Living with Parkinson’s Disease
Introduction to Planning and Drafting Documents for PD If you have or a loved one have Parkinson’s disease (PD) every estate planning document, as well as your planning itself (not discussed extensively in this article) should be modified and tailored to reflect your current circumstances and likely disease course. Naming Fiduciaries When Planning for a Client [...]
Planning for elders’ financial & health matters
It is wise for your parents to have their documents in order. That way, they will have set up the desired legal mechanisms to help manage their financial, health and personal affairs when they’re unable to do so for themselves. Here are some considerations to keep in mind. HANDLING FINANCIAL MATTERS There are several [...]
The 2010 Tax Relief Act was signed into law December 17, 2010
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (The 2010 Tax Relief Act) into law. This came the day after Congress adjourned its year-end lame-duck session passing this massive piece of legislation consisting of many short-term fixes that will need to be addressed in [...]
The American Taxpayer Relief Act was signed into law
On January 2, 2013 President Obama signed the American Taxpayer Relief Act (ATRA) into law. This came the day after the Senate and House of Representatives passed the bill. ATRA makes permanent many tax cuts enacted in 2001 and 2003, and makes a permanent patch on the alternative minimum tax and extends many individual and [...]
Understanding the process helps to close estate
Q: My parents passed away last month in an auto accident. I am the appointed executor and feel like I’m quickly getting lost in paperwork. How do I close their estates quickly before I drown? – J.J., Washington A: Being an executor, administrator or trustee can be very time-consuming and thankless job. To simplify and [...]
Information on this page came from
EstatePlanningAnswers.org, a service of The NAEPC Education Foundation and
National Association of Estate Planners & Councils.
EstatePlanningAnswers.org offers a collection of informative life event
articles and resources related to estate and financial planning. Within these
articles you will find checklists, downloadable worksheets and forms, and links
to many valuable resources.