What is a letter of testamentary and why do I need one?
You plan to help with your parents’ estate when they pass away. You know it’s a big job. You want to help distribute assets, sell the house, talk to your siblings about asset division, close out bank accounts, pay the bills and much more. Despite the workload, you’re...
Should you set up an irrevocable life insurance plan?
If you have an estate plan but want to add in some advanced options, one of them that you may want to consider is an irrevocable life insurance trust, or ILIT. This is an estate planning tool that helps you avoid estate taxes on life insurance proceeds. To do this,...
Estate planning tips for new parents
Becoming a parent for the first time has the power to change your entire worldview. You are no longer at the center of your universe, but instead, your life revolves around your child. You'll want to do everything that you can to protect your child both now and for...