Estate Planning
6 min read
25 Aug 2020
5 Reasons Why Trusts Are Not Just For The Rich
A popular notion, that is often misunderstood, is that trusts are only for the rich. The reality is that a trust is helpful to people of all economic backgrounds. A trust is a legal arrangement that allows a person (the grantor) to transfer their assets, including cash, investments, properties, etc. to a private fund. This […]
6 min read
14 Aug 2020
Soup to Nuts Guide to Creating a Foolproof Will
Most people are inclined not to think about their mortality. Hence, they do not consider estate planning, especially writing a will, as an imperative task. Moreover, writing a will is often regarded as complicated, irrelevant, and most of all ‘a thing of the rich’. As per a 2020 Estate Planning and Wills survey conducted by […]
6 min read
28 May 2020
How is Estate Planning Different for Single Parents?
Parenting is both a joy and an ocean of responsibilities. Parents constantly worry about the well-being of their child, in their presence as well as when they are no longer around. Estate planning is one important measure to ensure the well-being of your children in case of your demise, incapacity, or disablement. Such situations massively […]
5 min read
24 Apr 2020
COVID-19 Pandemic: Why It Is the Best Time to Plan Your Estate and Write a Will
With a pandemic affecting the entire globe, many people have started second-guessing their decisions, investments, and strategies. The COVID-19 pandemic has also made people question the health care system and their chances of survival amidst the chaos and falling infrastructures. While a cure for the virus is being tested in labs beyond anybody’s control, the […]
5 min read
15 Apr 2020
5 Essential Estate Planning Documents to Be Prepared Amid the COVID-19 Pandemic
The outbreak of the Coronavirus (COVID-19) pandemic has infused a sense of vulnerability, especially among those who have not yet planned for the distribution of their estate. An estate can consist of assets like cash, clothes, jewellery, vehicles, residential property, insurance, etc., along with accounts established for retirement, investment, and savings. The management of the […]
4 min read
10 Mar 2020
Three Estate Planning Mistakes Investors Make with IRAs and 401(k)s
People make savings and investments keeping in mind the needs of their families. Most of the time, one generation is diligent and resourceful to turn their savings into heritage for the upcoming generations. There are several instances where people are still enjoying the earnings from their forefathers’ investments. However, as someone looking to build a […]
5 min read
05 Mar 2020
Three Estate Planning Documents Everyone Needs
Estate planning is a broad concept encompassing financial planning and related aspects. As important as it should be, most people tend to exclude it from their financial planning. There are also some people who underestimate the size and value of their estate and do not give their estate plan the attention it deserves. Estate planning […]
4 min read
07 Jan 2020
6 Things to Know About A Trust-Based Estate Plan
Estate planning can seem tricky. It is a big responsibility to ensure that your descendants are secure and content when you are not around anymore. It is also important to make sure that your hard-earned assets are not wasted away in taxes and land up in good hands. Apart from the fact that estate planning […]
5 min read
24 Nov 2019
Living Trusts: Facts and Fiction
Estate planning, simply put, is the management and distribution of one’s assets after their death or incapacitation. Its primary objective is to distribute a person’s estate to its rightful heirs, with a focus to reduce estate tax. Of the many methods involved in estate planning, the two basic ones are writing a will and setting […]
5 min read
23 Nov 2019
Does Your Estate Plan Work?
Estate planning is an indisputable way to a secure future. Starting with the simple step of making a will, estate planning can also involve setting up a trust, preparing a power of attorney, protecting the interests of a minor, and much more. In fact, contrary to popular belief, everyone needs an estate plan even if […]
5 min read
11 Nov 2019
Tips to Minimize Estate Taxes with Proper Estate Planning
Estate planning is often an ignored subject, yet an important one which should be on the top of your priority list. More than half of the adult U.S population is yet to make a will. The absence of a will could prove to be disastrous for their children if a tragedy were to strike. As […]
5 min read
16 Oct 2019
Importance of Tidying Up Your Estate Plan So Your Loved Ones Face No Inconvenience
The importance of estate planning has been talked about enough. Everyone knows how essential it is to have a will and yet you find many families stuck in court proceedings, sometimes even dwindling in family feuds. This happens when the will is not clear enough or has not been updated to accommodate new relationships and […]
5 min read
10 Oct 2019
Things You Need to Know About Estate Planning in a Second Marriage
Estate planning is the most multi-faceted aspect of financial planning. It involves emotions and relationships, and is perhaps the only part of personal finance that you plan for someone else and not yourself. Unlike your other financial goals, estate planning depends largely on the structure of your family. Your marital status plays a very significant […]
4 min read
21 Aug 2019
10 Estate Planning Myths That Can Cost You
Most adults tend to forego estate planning in their financial goals strategy. There are several misconceptions around estate planning that deter people from exploring further. These unverified myths make people exclude estate planning from their financial planning goals and ultimately leave their family in a fix after they are gone. Given below are the most […]
5 min read
25 Jul 2019
Catastrophic Estate Planning mistakes that you must avoid
British Novelist J.K Rowling once said, “To the well-organized mind, death is but the next great adventure.” Your mind will be organized and at peace if you know what is going to happen to your hard-earned wealth/property in your absence. Planning your estate well in advance can be beneficial not just for you but also […]
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The blog articles on this website are provided for general educational and informational purposes only, and no content included is intended to be used as financial or legal advice. A professional financial advisor should be consulted prior to making any investment decisions. Each person’s financial situation is unique, and your advisor would be able to provide you with the financial information and advice related to your financial situation.