Traditions Law

Five Reasons to Protect Your Retirement Accounts Now

Five Reasons to Protect Your Retirement Accounts Now Your retirement account provides asset protection during your lifetime, but as soon as you pass that account to a loved one, that protection evaporates. When your spouse, child, or other loved one inherits your retirement account, creditors have the power to seize it and use the funds […]

The Importance of a Successor Trustee

The Importance of a Successor Trustee

The Importance of a Successor Trustee An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your own affairs. As opposed to other estate planning options, a revocable living trust gives you the […]

Estate Planning

You Inherited a Retirement Account: Now What?

You Inherited a Retirement Account: Now What? For decades, common financial planning wisdom has encouraged almost all-American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims […]

Estate Planning

Choosing a Corporate Trustee

Choosing a Corporate Trustee Making plans for your money and property after you pass away is not the most exciting thing to do. It involves thinking about situations that may cause feelings of fear and uncertainty. Nevertheless, it is essential to face those decisions head-on. You must determine what people, things, and values matter most […]

Estate Planning - 3 Reasons We Run the Other Way

3 Reasons We Run the Other Way

3 Reasons We Run the Other Way It can be hard to get motivated about your estate planning; it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and receive your hard-earned money and property – regardless of whether you have […]

Estate Planning

3 Simple Ways to Avoid Probate Costs

3 Simple Ways to Avoid Probate Costs The good news: Many of these probate costs can be reduced by avoiding probate. It’s really that simple. Here are three simple ways to reduce or eliminate costs by avoiding probate: 1. Name a Beneficiary. The probate process only applies to those accounts or other property that are […]

Estate Planning

Trust Funding: Setting Your Trustee Up for Success

Trust Funding: Setting Your Trustee Up for Success For many people, a revocable living trust is a valuable tool to ensure that their finances are well managed during periods of incapacity and that their loved ones are financially secure upon their passing. However, signing the trust agreement doesn’t end the estate planning process: To work […]

Who’s On Your Team?

Who’s On Your Team?

Who’s On Your Team? Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (i) you can be taken care of during times when you are unable to care for yourself, and (ii) your money and property are distributed to the […]

Traditions Law

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