Tag Archives: Estate Planning

4 Steps to Understanding Trust Funds for Children

Evan’s Note: While I have written about how useful trusts are for children I thought it would be interesting to hear about Trusts from someone who is from a different country. We’ve all heard the jokes about trust funds and the recipients of them. Most of the time it’s the party boy or girl, who

Don’t Make this Common Terrible Special Needs Planning Mistake

I was reviewing a client’s estate plan the other day, and was shocked to see this very common special needs planning technique.   It isn’t a rare technique, and it seems very natural but is often a terrible idea.  The document provided that the child with special needs was proactively disinherited.  More often then not it

A Confusing But Common Estate and Life Insurance Decision

I participate in a lot of financial and estate plans, and there is a common distribution technique I never understood.  The worst part, is that it almost always unintentional.  I think most people would would agree that a child who has lost both of his or her parents should not receive money outright, and as such, his

Why Most People Should Be In Favor of the Federal Estate Tax

I think it is a very easy and popular position to be against the federal estate tax (affectionately known as the “death tax”).  The arguments against the estate tax range from the simple, “the government should death tax it is hard enough” to the bit more sophisticated, “the decedent was already taxed on all earnings

How Not to get Ripped off with Probate

Evan’s Note: Considering that most of my day is involved with Estate Planning I was very interested in learning about the probate process in England, so I asked a buddy. Grief is a very painful process, so it is important to avoid increasing the strain on your state of mind by making sense of the

When’s the Last time You Reviewed your Beneficiaries?

It isn’t often discussed, but estate planning (or lack of estate planning) isn’t the only way assets pass to heirs.  A very common way an heir receives assets is pursuant to a beneficiary election or payable upon death contract.  Passing assets via a beneficiary status is not limited to just qualified retirement accounts and life