Often, when people think of “estate planning” they think it’s a task only for the old, the rich, or the infirm. But, that simply is not true. Estate planning is something you do when you care, regardless of your age, wealth, or health. One thing to consider in your estate planning is your own possible incapacity. Nobody wants to consider they may become incapacitated. But, many people, including many young and seemingly healthy people, become incapacitated each year. For that reason, it’s … [Read more...]
Aging Parents and Estate Planning
The parent-child relationship is pretty well defined. Children generally don’t advise their parents. It’s the other way around. However, this dynamic can shift as parents get older and children become adults. This becomes especially prevalent when considering estate planning and elder law issues. As parents grow older, adult children may start to have certain questions about the way mom and dad have planned ahead for the eventualities of aging. Being aware of what plans have been made opens … [Read more...]
Basics of Estate Planning: Two Common Mistakes with Trusts
Trusts are incredibly useful tools. But, like other useful tools, they do not fit every circumstance. They must be used appropriately. For example, a hammer is an exceptional tool to use when looking to drive a nail into a wall. But, if you hit the nail with a glancing blow, the nail will bend and you’ll end up with a difficult situation. Here are a couple common errors with the use of trusts, and how they could be avoided. The first mistake with the use of trusts is not using the right type … [Read more...]
Basics of Estate Planning: Privacy and Estate Planning
From the dawn of time, humans have been concerned with privacy. In the biblical story of Adam and Eve, the couple sought the privacy provided by fig leaves as they left the Garden of Eden. When species Homo sapiens emerged, privacy was essential to protect against predators. In today’s world, privacy is more important than ever to protect ourselves from the seemingly ever-increasing number and types of predators. Privacy may be enhanced with something as simple as the primary estate planning … [Read more...]
Incapacity Planning In Your South Carolina Estate Plan
Incapacity Planning in Your South Carolina Estate Plan from John Kuhn Though you may not want to think about the possibility of becoming incapacitated, you should because your loved ones may suffer if the worst does happen and you failed to plan for the possibility. Learn more about incapacity planning in South Carolina in this presentation. … [Read more...]
Why Is a Living Trust Better than a Power of Attorney?
A comprehensive estate plan should do more than just provide a roadmap for the distribution of your estate assets when you die. In fact, your estate plan can help further a number of related goals and objectives. The additional components you incorporate into your estate plan will depend on your individual goals and objectives. Incapacity planning is one of the most common additions to a thorough estate plan. If you plan to incorporate incapacity planning into your estate plan you will likely … [Read more...]
Free Report: South Carolina Funeral Planning: Why It Should Be Part of Your Comprehensive Estate
Another important reason to consider including a funeral plan in your comprehensive estate plan is that funerals are expensive. The average, “no-frills” funeral service runs about $6,000. Upgrades and extras can easily push the tab to over $10,000 – and that is not including the burial plot or cremation services. The death of a loved one, even when expected, is a deeply emotional time when people typically don’t think clearly. Topics covered in this report include: I’ve Discussed What I Want … [Read more...]
Free Report: South Carolina Pet Planning: How You Canrotect Your Pet Plan in Your Estate Plan
If you are an animal lover you likely include at least one pet as part of your family. You likely go out of your way to ensure that your family pet eats well, is seen by the veterinarian on a regular basis, and generally feels like part of the family. One thing you may have overlooked, however, is including your family pet in your estate plan. Don’t feel bad, you are not alone. Most people don’t think to include Fido or Fluffy in their estate plan – but they should. Topics covered in … [Read more...]
Free Report: South Carolina Trust Agreements: Why You Should Consider One of Your Estate Plan
Once upon a time trusts were used almost exclusively by wealthy families as a way to guard and control the family wealth and ultimately pass is down to future generations. Today, thanks to the evolution of trust agreements over the past century, trusts offer a wide range of benefits to the average person as part of his or her estate plan. Topics covered in this report include: What Is a Trust Agreement? Trust Basics – The Elements Revocable vs. Irrevocable – Testamentary vs. … [Read more...]
Choosing Your South Carolina Executor
Choosing Your South Carolina Executor from John Kuhn Among the many decisions you must make when creating your Will is who to appoint as the Executor Don’t make the mistake of making that decision without giving it considerable thought first. Learn more about choosing your South Carolina executor in this presentation. … [Read more...]
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