When “We’ll Figure It Out” Becomes a Problem

KEY TAKEAWAYS Good intentions don’t equal legal authority. Unclear family roles can create costly delays. Informal family agreements may fall apart under pressure. The person who naturally takes charge still needs proper authority. Formal estate planning replaces...

Things You Can Do to Help Prove You Are Mentally Competent When Executing Your Estate Plan

Although we would all like to believe that our family and loved ones will honor our wishes as expressed in our estate plan, contests are more common than you might think. Sometimes, a family member does not receive what they thought they would after a loved one passes...

How to ensure your well-meaning gift is a lucky blessing (instead of a curse)

Using a Standby Supplemental Needs Trust to Protect Your Loved Ones We all plan for “just-in-case” scenarios. When packing for our week-long vacation, we throw in a rain jacket even though the weather forecast is sunny—just in case. When planning for the future, it is...

Is Your Client’s Well-Meaning Gift a Lucky Blessing (or a Curse)?

We all plan for “just-in-case” scenarios. When packing for our week-long vacation, we throw in a rain jacket even though the weather forecast is sunny—just in case. When helping clients plan for the future, it is also important to consider what will happen just in...