Your Family Matters Blog
Overlooking This Basic Part of Your Estate Plan Can Be Tragic
The recent death of the CEO of QuadrigaCX, a major cryptocurrency exchange in Canada, demonstrates a basic, yet often-overlooked, the tenet of effective estate planning: In the event of your incapacity or death, if your heirs don’t know how to find or access your...
Use Estate Planning To Enrich Your Family With More Than Just Material Wealth
In the weeks before her death from ovarian cancer, author Amy Krouse Rosenthal gave her husband Jason one of the most treasured gifts a person could receive. She penned the touching essay “You May Want to Marry My Husband” in the New York Times as a final love letter...
Could an IRA Trust Benefit Your Family?
Unlike most of your assets, individual retirement accounts (IRAs) do not pass to your family through a will. Instead, upon your death, your IRA will pass directly to the people you named via your IRA beneficiary designation form. Unless you take extra steps, the named...
Don’t Transfer Ownership of Your House to Your Kids Before You Read This
With the cost of long-term care (LTC) skyrocketing, you may be concerned about your own (or your elderly parent’s) ability to pay for lengthy stays in assisted living and/or a nursing home. Such care can be massively expensive, with the potential to overwhelm even the...
How Estate Planning Can Improve Relationships With Loved Ones
Estate planning is a valuable facet that can improve the relationships you cherish most. With Valentine's Day here, you’re probably spending lots of time with your loved ones. During these moments, you’re likely reminded of just how important these relationships can...
4 Estate Planning Must-Haves for Singles and Unmarried Couples – Part 2
In the first part of this series, we discussed the estate planning tools all unmarried couples should have in place. Here, we will look at the final two must-have planning tools. Most people tend to view estate planning as something only married couples need to worry...
4 Estate Planning Must-Haves for Singles and Unmarried Couples—Part 1
Estate planning is often considered something you only need to worry about once you get married. But the reality is every adult, regardless of age, income level, or marital status, needs to have some fundamental planning strategies in place if you want to keep the...
When you Die, What Happens to Your Facebook Account?
When you die, does your social media die with you? If you are active on social media, Facebook probably plays a prominent role in your life. And now, the social media titan can even play a role in your afterlife. Today, estate planning encompasses not only your...