Estate Planning

21. 03

2024

By Judy S. Mock Estate Planning No Comments

Why Setting Up a Trust is a Smart Move When Buying a New Home

Buying a new home is more than just a significant financial investment; it’s a key component of your overall estate. As you embark on this exciting journey, it’s crucial to consider how this asset will be managed, both now and in the future. One effective strategy for managing real estate assets is setting up a […]

21. 03

2024

By Judy S. Mock Estate Planning No Comments

The Elements of a Valid Trust

When creating a trust, it is important to understand the specific roles involved. The grantor is the person who establishes a trust. The designated beneficiary is the person who receives the assets held in trust when the grantor dies. Probate is unnecessary because trust property passes outside the Last Will and Testament or Intestacy law. […]

16. 01

2024

By Judy S. Mock Estate Planning No Comments

Strategies to Safeguard Assets for Spouses When Facing Long-Term Care

You worked hard to provide for your spouse throughout your marriage, and you want to continue to do so well into your retirement years. When the need for nursing home care or assisted living is on the horizon, the cost of such care can weigh heavily. The good news is that asset protection planning can […]

16. 01

2024

By Judy S. Mock Estate Planning No Comments

Integrating a Prenuptial Agreement into Your Comprehensive Estate Plan

Estate planning is an essential process for anyone looking to secure their assets and protect their loved ones. One often overlooked aspect of estate planning is the prenuptial agreement, which is an invaluable tool for protecting individual assets and ensuring a smooth distribution of assets in the event of a divorce or separation. In this […]

16. 01

2024

By Judy S. Mock Estate Planning No Comments

Wedding Bells Later in Life? What Newlywed Seniors Need to Know About Their Estate Plans

Some seniors don’t expect to remarry after a divorce or the death of a spouse. However, life is full of surprises. You could meet someone at any age, even during your retirement years. Many older adults bring various assets and debts into a new relationship. They might also have children from a previous marriage, one […]

13. 12

2023

By Judy S. Mock Estate Planning No Comments

How Often Do I Need to Update My Estate Plan?

Creating an estate plan feels like something you check off a to-do list. Once the task is complete, you can move on and forget about it. However, that is not the mentality you should take when drafting your final wishes. An estate plan should reflect your current circumstances and should be periodically reviewed and amended […]

Why Setting Up a Trust is a Smart Move When Buying a New Home

The Elements of a Valid Trust

Strategies to Safeguard Assets for Spouses When Facing Long-Term Care

Integrating a Prenuptial Agreement into Your Comprehensive Estate Plan

Wedding Bells Later in Life? What Newlywed Seniors Need to Know About Their Estate Plans

How Often Do I Need to Update My Estate Plan?

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