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9 (Potential) Problems with Your Trust

9 (Potential) Problems with Your Trust

All trusts should be reviewed every few years to make sure that they are up-to- date with the law and meet your current goals. Following is a checklist of trust features you can review yourself. But be aware that these only refer to revocable "living" trusts, not to...

How to Pass Your Home to Your Children Tax-Free

How to Pass Your Home to Your Children Tax-Free

Giving your house to your children can have tax consequences, but there are ways to accomplish it tax-free. The best method to use will depend on your individual circumstances and needs. Leave the house in your will The simplest way to give your house to your children...

Using Estate Planning to Prepare for Medicaid

Using Estate Planning to Prepare for Medicaid

Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very expensive, especially...

The Hazards of Do-it-Yourself Estate Planning

The Hazards of Do-it-Yourself Estate Planning

Many websites offer customized, do-it-yourself wills and other estate planning documents. Although such products are convenient, using them could create serious and expensive legal problems for heirs. These digital services appear to offer a cost-effective and easy...