Don't Forget the Essentials: Estate Planning for College-Bound Kids
Sending your child off to college is a momentous occasion. Dorm room must-haves, packing lists, and goodbyes are all part of the process. But amidst the excitement, there's one crucial step that often gets overlooked: estate planning for your young adult.
Will Write for Flip Flops: Why Estate Planning is the Ultimate Summer Prep
Sunshine, barbecues, pool parties – June screams summer fun! But before you completely switch your brain to "vacation mode," let's talk about something not-so-sunny: estate planning.
Don't Be a Ghost with the Most: A Hilariously Honest Guide to Estate Planning
Let's face it, estate planning sounds about as exciting as watching paint dry. But hear me out: wouldn't you rather be remembered as the cool, very prepared relative who left things nice and clean, instead of the ghost everyone groans about when the lawyer reads the will?
Estate Planning and Memorial Day: Honoring the Past, Preparing for the Future
As we get ready to celebrate Memorial Day—dedicated to honoring the brave men and women who have served our country it’s also a perfect time to reflect on the legacies we leave behind.
Summer Estate Planning with College-Age Kids - Securing Your Legacy Before the Empty Nest
As the summer breeze rolls in and your kids prepare for the exciting journey of college life, it's time to think about securing your legacy and ensuring peace of mind. Estate planning may not be the most glamorous topic, but it's a crucial step for every super mom preparing for the empty nest season. So, while the kids pack their bags, grab a refreshing lemonade, and let's dive into some essential tips to get your estate plan in order before they spread their wings.
Reality TV Meets Estate Planning - Protecting Your Precious Little Gems
Lights, camera, estate planning! For those who enjoy indulging in reality TV shows, it's time to bring a touch of glamour and drama to the world of estate planning. While you may not be vying for a rose or a million-dollar deal, protecting your kids is your top priority. So, grab your sparkling wine, settle into your designer couch, and let's dive into the exciting world of estate planning to safeguard your little gems and ensure their future is as fabulous as your favorite reality TV show.
Unlocking Peace of Mind - Revocable Living Trusts and Egan Law Center as Your Partner
Picture this: You're sipping a refreshing drink on a tropical beach, worry-free, knowing that your loved ones are taken care of and your assets are protected. How can you achieve this level of tranquility? The answer may lie in a revocable living trust and a reliable legal partner like Egan Law Center. In this blog, we'll embark on a fun-filled journey exploring the benefits of a revocable living trust and why Egan Law Center is the perfect match to guide you through the process.
Planning for Your Digital Legacy
An estate plan often focuses on tangible property such as jewelry, artwork, money, and vehicles. However, in this age of technology, it is important to remember to include your digital assets. Digital assets consist of everything we own online. Because we spend more time on computers and smartphones than we ever did before, you may not realize how much digital stuff you own, from photos and videos to online accounts, cryptocurrency, and nonfungible tokens (NFTs).
How Cryptocurrency and NFTs Fit into Your Estate Plan
Five years ago, cryptocurrency was probably not on your radar. Today, it may be an important investment in your portfolio. You could even own some nonfungible tokens (NFTs), which are powered by the same blockchain-based technology. Despite the dizzying fluctuations in the value of these assets, you should ensure that they are included in your estate plan so you can preserve them for your heirs.
Preparing for Plan B
I, like most people, have an estate plan that delineates who in my life I want to be guardians for my children, my pets, who I want to be able to “pull the plug” if I’m ever in that situation, who will get inheritances, etc.
Can I disclaim a relative from my inheritance?
Sometimes, clients come to our office not to specifically delineate their family members and loved ones in their will, but to intentionally disinherit, or “disclaim” certain family members from receiving any inheritance, or gaining the power to make important decisions, on your behalf.
Attention, Parents: It’s Time to Chat About Important Family Decisions with Your College-Bound Student
Let’s chat for a minute about what happens when your student heads off to college and inevitably turns 18. Aside from having a party and celebrating the momentous occasion of emerging adulthood, you’re going to need to consider what it means for them to have achieved adult status. Their new status allows them to vote, serve in the military, serve on a jury, sign a contract, and get married without your consent. They can be on the hook for loans or lines of credit (credit cards) that they take out. This is the time to talk to your student about credit cards, loans, financing, repayment, credit scores, etc. - all the fun things that come along with officially becoming an adult!
What is a Supplemental Needs Trust?
If you don’t have an estate plan or are looking to refurbish your current plan, you may be wondering if a supplemental needs trust is right for your family. Or, you may be wondering what a supplemental needs trust even is!