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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

What Is Needed in Estate Plan Besides a Will?

By: Nick Leydorf
Fundamental estate planning
One reason for having a will is to make sure your wishes are carried out. If you die “intestate” (without a will), your assets will be distributed by state law, not by your desires.
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Posted on: January 25, 2023 |
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Can I Protect My Family after Death?

By: Nick Leydorf
The future is uncertain. However, you can ensure that your family and loved ones are taken care of with estate planning. Estate planning is a critical component of financial planning for the future.
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Posted on: January 24, 2023 |
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These Celebrities Didn’t have Wills…But You Should

By: Nick Leydorf
When the rapper Coolio died in September, he joined a group of notables that includes Prince, Howard Hughes and Pablo Picasso—all of whom died without specifying who should inherit their money and estate.
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Posted on: January 23, 2023 |
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What was So Unusual About Michigan Mayor’s Will?

By: Nick Leydorf
Estate planning is an important, if unpleasant, part of life. It is suggested that people look at their plans at least once a year and update them when there are significant changes in life; such as divorce, the death of a loved one, or the birth of a child. The suggestion also works if there has been a fight within a family and the one leaving the estate would prefer to choose a new heir.
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Posted on: January 20, 2023 |
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Who Were the 119 Heirs to a Chicago Man’s $11 Million Estate?

By: Nick Leydorf
a notebook with many questions
It turns out it’s not just in the movies that you can get a huge inheritance from that uncle you never knew about.
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Posted on: January 19, 2023 |
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Beneficiary Mistakes to Avoid

By: Nick Leydorf
elder couple working on protecting their assets
Before making a decision on a beneficiary, it's very important to check your state laws. Some states have different rules on who you can name as a beneficiary.
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Posted on: January 18, 2023 |
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How Does a Trust Work?

By: Nick Leydorf
estate planning and elder law
There’s no single path for everyone to follow. However, you might consider establishing a trust, which offers some key benefits.
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Posted on: January 17, 2023 |
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High Interest Rates Have an Impact on Estate Planning

By: Nick Leydorf
When the 7520 rate is low—as it has been for 15 years—opportunities for good planning abound.  However, what about when the rate is high? Few estate planners have needed to ask themselves that question until very recently.
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Posted on: January 16, 2023 |
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When Is a Family Limited Partnership Needed?

By: Nick Leydorf
You don’t have to be ultra-wealthy for a family limited partnership to make sense.
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Posted on: January 6, 2023 |
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What Is a ‘Residuary’ Estate?

By: Nick Leydorf
Fundamental estate planning
In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a last will and testament.
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Posted on: January 5, 2023 |
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