Planning your estate requires that you think about some unpleasant issues, like your death. When you finally invest the time and energy into creating an estate plan, you probably want those terms to last for years. However, an estate plan isn't something that you can...
What is a spendthrift trust?
As a parent, you have likely done your best to prepare your children for the outside world. You will also want to pass on as much of your belongings as you can to your children when you die. The sad truth is that while you may have tried to instill a sense of fiscal...
How can you protect your furry friends if you die first?
For much of your life, the biggest problem about having a pet would be its short lifespan. No matter how much you love your dog or cat, you know that their companionship will only last a fraction of your life expectancy. The dog that you buy when you are 40, for...
How should you discuss your estate plan with your children?
When you take the time to start focusing on your estate plan, one thing you should consider is speaking with your children about your plans. If your children are teens, young adults or even older adults, they should understand what your estate plan entails, who is...
The strongest means of protecting your child’s inheritance
Whether your children are still young or they already have kids of their own, leaving them a meaningful legacy is probably important to you. You want to know they will have comfort after you pass and also something to remind them of you. Perhaps there are specific,...
Do you need a trust?
As you look into building an estate plan, one question that might come up is if you’d like to put together a trust. There are many different types of trusts to consider, which is something your attorney will discuss with you. Do you need a trust? Yes, in most cases,...
Is your estate plan up to date?
Having an estate plan is important, but it’s equally important to ensure that it’s up to date. Far too many people draft a plan, forget about it, and then let it sit for years or even decades. When they pass away, their family finds that it does not even address their...
When an estate plan should be updated
One of the most common mistakes people in Delaware and around the nation make is crafting their estate plan and never touching it again. Yes, estate plans are created for when you ultimately pass on or are incapable of dealing with your estate. However, that does not...
A trust can be a powerful planning tool, but you must fund it
A number of analogies might reasonably lead off this blog post. A swimming pool generally readied for use but with no water in it, for example. A letter with no stamp. A room only half painted. Just about any imagery that underscores a task or endeavor only half...
Benefits Of Making A Trust
If you’re new to the estate planning process you may know that trusts are one component of an estate plan that you can choose to create, but you may not know what exactly the benefits of a trust are. A trust can strengthen your estate plan and secure your assets, but...
