If you are new to the concept of estate planning, it can seem a bit intimidating the first time around given all the various goals and objectives that are frequently rolled into an estate plan. The good news is that working with an experienced estate planning attorney will go a long way toward ensuring that your plan does accomplish all of those goals and objectives. Your estate planning attorney can also help explain the process and make you feel less intimidated. Before you even get to your … [Read more...] about Preparing for Your Estate Planning Consultation
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Do Not Make These Mistakes in Your Will
Given that a Last Will and Testament typically serves as the foundation of a comprehensive estate plan, care should be taken to avoid making a mistake when creating your Will. Nevertheless, there are some common mistakes people make. To help you avoid making them, a Grand Forks estate planning attorney at German Law offers some insight into mistakes you do not want to make in your Will. Failing to work with an estate planning attorney. In today’s electronic age, it is tempting to turn to the … [Read more...] about Do Not Make These Mistakes in Your Will
Understanding Federal Gift and Estate Taxes
Creating a successful estate plan requires you to consider much more than just the division of your estate assets when you are gone. Protecting those assets up to the point when they are passed down to loved ones, for example, should be a primary estate planning objective in every estate plan. That requires you to consider – and ultimately reduce -- the impact gift and estate taxes will have on your estate at the time of your death. Toward that end, the Grand Forks estate planning attorneys at … [Read more...] about Understanding Federal Gift and Estate Taxes
Estate Planning Reduces Stress During High Anxiety Times
During times of high stress such as tragedy or emergency, we tend to feel helpless. This article explores how a comprehensive estate plan helps reduce anxiety in uncertain times. Read on to learn more. … [Read more...] about Estate Planning Reduces Stress During High Anxiety Times
Changing “Irrevocable” Trusts Through Use of a Trust Protector
Advisors often include irrevocable trusts as part of a comprehensive estate plan to achieve both tax and non-tax goals. The use of irrevocable trusts can cause apprehension because of the perception that irrevocable trusts are inflexible in changing circumstances. This article explores how the use of a trust protector may provide flexibility in an irrevocable trust to address these concerns. Read on to learn more. … [Read more...] about Changing “Irrevocable” Trusts Through Use of a Trust Protector
Why Updating Your Estate Plan As You Age Is Important
Having a comprehensive estate plan in place is important for every adult. As you age the need for planning is heightened. Once you enter their “Golden Years” you should already have a well-developed estate plan; however, it is in your best interest to sit down and review your existing plan. The Grand Forks estate planning attorneys at German Law Group explain why updating your estate plan as you age is important. Why Do I Need to Review My Estate Plan When I Retire? When you reach your … [Read more...] about Why Updating Your Estate Plan As You Age Is Important
What Is a Living Will and Should I Have One?
You probably created a Last Will and Testament as the foundation of your estate plan. At some point, you may also want to add a Living Will to that plan to ensure that your wishes will be honored regarding end-of-life healthcare decisions. Toward that end, the Grand Forks estate planning attorneys at German Law offer suggestions regarding when to create or update your Living Will. Advance Directive Basics An advance directive is a legal document that allows you to plan ahead and make your … [Read more...] about What Is a Living Will and Should I Have One?
Tips for Preventing Estate Disputes Among Siblings
If you have adult children, you undoubtedly want to do all you can to prevent disputes between them after you are gone. While there is no way to accomplish that goal with 100 percent certainty, the Grand Forks estate planning attorneys at German Law offer the following tips to help prevent estate disputes between siblings. What Happens When There Is a Dispute Over Your Estate? No matter how old you are, nor how much warning and preparation an … [Read more...] about Tips for Preventing Estate Disputes Among Siblings
How Estate Planning Documents Help Prevent Elder Abuse
As loved ones and parents age, they become more vulnerable to fraudulent schemes. This article explores how a solid estate plan can help protect the elderly from becoming victims. Read on to learn more. … [Read more...] about How Estate Planning Documents Help Prevent Elder Abuse
Charitable Planning in Times of Crisis
During times of uncertainty, we tend to feel helpless. This article explores how charitable giving gives us a sense of purpose in trying times. Read on to learn more. … [Read more...] about Charitable Planning in Times of Crisis
