Why You Should Think About It When Estate Planning Debt After Death – If you carry debt, do not assume that your death or incapacity will make it automatically disappear. On the contrary, the money you owe may eat away at the assets you were planning to leave to your heirs or — if you…
How Your Health Savings Account (HSA) Works with Your Estate Plan? If you’re enrolled in a qualified high-deductible health plan (HDHP), you must consider how your health savings account (HSA) fits into your estate plan—especially to make sure that any hard-earned money left in your HSA when you die goes where you want it. What…
Tax and Estate Planning Season Tax prep activity is the perfect opportunity to get your estate plan in order and kill two birds with the proverbial stone “Tax and Estate Planning Season”. Why? Because as you run down your list of “tax prep” questions, you will find that your answers could also impact your estate…
My Estate Plan and My Vacation Property Does My Vacation Property Need To Be Included In My Estate Plan? Yes! Make sure to include it in your estate plan whether you possess a second home, timeshare, investment property, or any other asset, regardless of where you reside. If you neglect to include these in your…
Estate Planning Letter of Intent Estate planning protects your family’s financial future. Estate planning may take care of loved ones as well as finances. The letter of intent is an often-overlooked estate planning tool. An estate plan’s letter of intent instructs executors on how to manage assets and care for family and loved ones. Letters…
Estate Planning for Parents If you belong to the “sandwich generation,” which includes people who are concurrently caring for their parents and children, you should find out if they have an estate plan. Having an estate plan, regardless of how late in life it is formed, is vital, even though it is still your parent’s…
Estate Plan Changes If they make an estate plan, many people do it when they start a family. Estate Plan Changes – while creating an estate plan is a good idea; many people fail to update it despite major life events. This can put your money and assets in costly probate or the wrong hands.…
Your HOA Meeting Minutes Even though it’s not the most glamorous position in the HOA, taking official minutes is one of the most crucial. The HOA meeting minutes are a documented account of the conversation and decisions made at the meeting, ensuring that everyone is aware of what transpired. If you’ve been given this responsibility,…
Negotiate the Listing Agreement The Savvy Seller – The listing agreement is a standard document in the real estate industry. It establishes and defines the relationship between the broker and the seller, and is arguably one of the most important documents for the seller to understand. It’s also one of the easiest pieces of paper…
The End-of-Life Conversation No one wants to start the end-of-life conversation. And yet, it’s a critical time in everyone’s life and one for which we know we need to prepare. While many people have the desire to share their wishes, something is preventing people from openly communicating with their families. As an important part of…