Estate Planning

You Can’t Take It with You: Transferring Cryptocurrency After Death

November 20th, 2017|Estate Planning|

Currently making the rounds in the financial world is a story about a Colorado man who died suddenly this year, leaving behind a Bitcoin investment worth a small fortune. The problem: his family didn’t know about the account until after his death and had no idea how to access the funds. Unexpected deaths, especially intestate [...]

I Received a Windfall – What Now?

September 22nd, 2017|Debt Relief, Estate Planning, Tax Relief|

The Powerball lottery jackpot reached a staggering number last month, topping out at $758.7 million, amounting to the second largest haul in the contest’s history. The odds of winning were one in 292.2 million. Obviously, with numbers like that, the chances of scoring the jackpot were more than slim. But plenty of average Americans receive [...]

First-Party vs. Third-Party Special Needs Trusts

July 18th, 2017|Estate Planning|

If you have a loved one with a disability, establishing a special needs trust can ensure they are provided for after your death. There are two main special needs trust options: first-party and third-party. First-Party Also called a “self-settled trust”, this format is ideal for when the special needs individual owns assets or funds. Government-based [...]

What Celebrity Deaths Teach Us About Intestacy

May 9th, 2017|Estate Planning, Wills|

A year ago on April 21st, musician and entertainer Prince died unexpectedly. While the artist left behind a large estate and several unreleased songs, he failed to leave behind a will. This situation, called dying intestate, has led to complications in settling Prince’s affairs and distributing his estate, to the point that many believe it [...]

A Quick Guide to Probate and Other Estate Planning Headaches

April 26th, 2017|Estate Planning, Probate|

It’s a common scene in mystery novels or soap operas: someone passes away, either without a will or with a faked one, and the relatives proceed to scheme and feud over the estate. The trope is ideal for stirring up drama (or, perhaps, for prompting over-dramatics), but most viewers would assume it’s confined entirely to [...]

As You Change, Your Estate Planning Should Too

March 8th, 2017|Estate Planning, Wills|

Superstitions keep many people from drafting necessary paperwork regarding their final wishes, an unwise decision that can cause loved ones unnecessary stress.  But even preparing your will and other similar documents in advance is not a one-time decision. Estate planning documents which include your will and power of attorney, can become outdated as you age, [...]