Category: Blog

The Risks of Using Joint Tenancy to Avoid Probate

Owning assets jointly with one or more children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it can produce unintended—and costly—consequences.

A Smart but Often Overlooked Way to Use Your Tax Refund

Every year, nearly 8 out of 10 U.S. tax filers receive a federal tax refund. According to a recent survey by TD Ameritrade, most of us plan to use that refund to meet financial goals, including bolstering savings, paying off debt, or contributing to retirement accounts.

Privacy Concerns? Implement these strategies to keep family matters out of probate court

Although probate can be time-consuming and expensive, perhaps its biggest downside is that it’s public — anyone who’s interested can find out what assets you owned and how they’re being distributed after your death. Disgruntled family members who become aware of this might decide to challenge it legally.

How does a will or trust benefit your family?

Writing a will enables you to put your affairs in order and leave clear instructions for the loved ones that you leave behind. A little bit of planning can go a very long way in providing peace of mind for you and a much less stressful experience for your family once you are gone.

How can partnering with TuckerAllen benefit your clients?

Financial planners are responsible for their clients’ full financial picture, and they frequently advise and remind clients to create an estate plan as the last piece of the puzzle. Naturally, the client often asks, “Can you recommend an estate planning attorney?”

Estate Administration – The Devil is in the Details, Part Three

Unfortunately, many individuals never create a will or trust, leaving their relatives with the responsibility not only of handling their estate but of doing their best to guess what their parent or loved one would have want

That’s right, woodchuck-chuckers, it’s Groundhog Day!

In the now-classic comedy “Groundhog Day”, Bill Murray’s Phil finds himself trapped on the same day, February 2nd, waking each morning to experience the same events over and over again. While there are times in which we too feel like we are stuck in Groundhog Day as our daily lives can become repetitive, the reality is that the only constant in our lives is change.

Estate Planning Essentials for Single Parents

Estate planning is important for all parents but is essential if you are a single parent, because the children do not have a second parent to rely on. Estate planning will ensure that your children are cared for and provided for in the event of your death or incapacity.