How Estate Planning Can Reduce The High Cost of Dying-Part 2

Last week, in part one of this series, we discussed some of the Cost Of Dying’s most notable findings and explained how proactive estate planning can dramatically reduce many of the financial, logistical, and emotional challenges for your loved ones following your death. Here in part two, we wrap up our summary of the report and outline more of the ways proactive planning can relieve the burden of your death for your family.

This week, let’s continue to find out how estate planning can reduce the high cost of dying.

Timothy ScottJuly 26, 2022estate plan, probate, expenses, dying, will, trust

How Estate Planning Can Reduce The High Cost Of Dying—Part 1

Despite the fact that it happens to every single one of us and is as every bit as natural as birth, very few among us are properly prepared for death—whether our own death or the death of a loved one.

Yet the pandemic might be changing this.

Timothy ScottJuly 19, 2022

How To Pass On Family Heirlooms & Keepsakes Without Causing A Family Feud

When creating an estate plan, people are often most concerned with passing on the “big things” like real estate, bank accounts, and vehicles. Yet these possessions very often aren’t the items that have the most meaning for the loved ones we leave behind.

Smaller items, like family heirlooms and keepsakes, which may not have a high dollar value, frequently have the most sentimental value for our family members. But for a number of reasons, these personal possessions are often not specifically accounted for in wills, trusts, and other estate planning documents.

Timothy ScottJuly 12, 2022heirlooms, keepsakes, family feud, plan, estate plan, valuables

3 Reasons Why Single Folks With No Children Need an Estate Plan

These days, more and more young people are delaying—if not totally foregoing—a life that involves marriage and parenting. The lack of jobs, crushing student debt, multiple recessions, and the pandemic have pushed many young people into a life path that leaves little room for settling down with a partner and getting married—and even less room for having children.

Yet, for other young adults, staying single and childless is simply a matter of choice. Regardless of the reason, as more young adults opt for non-traditional lifestyles, the number of single childless households is likely to steadily increase in the coming years.

In this week’s blog article, find out the 3 reasons why single folks with no children need an estate plan. Link below!

Timothy ScottJuly 5, 2022single, estate plan, incapacity planning, healthcare, finances, risk, partner

3 Reasons Why Transferring Ownership Of Your Home To Your Child Is A Bad Idea

Whether it’s to qualify for Medicaid, avoid probate, or reduce your tax burden, transferring ownership of your home to your adult child during your lifetime may seem like a smart move. But in nearly all cases, it’s actually a huge mistake, which can lead to dire consequences for everyone involved.

This week’s blog article talks about the 3 reasons why transferring ownership of your home to your child is a bad idea. Check out the link below!

Timothy ScottJune 28, 2022estate plan, home transfer, Medicaid, long-term care

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