Haynie Wealth Management
4 Tips for Successful Estate Planning
Tarantino Law, PLLC • November 5, 2021
It’s never too early or too late to start estate planning. Whether you are a young professional with a growing family or an empty nester nearing retirement, estate planning can protect your wishes and provide your family with peace of mind. Here are our top tips for successful estate planning.
- Document Your Wishes- Your estate plan should clearly outline what you want to happen to your assets upon your death. Start with a simple will, and then we can recommend other documents, like a healthcare power of attorney, financial power of attorney, and a living will, that could benefit your situation.
- Update Your Beneficiaries – Any account that has a beneficiary attached, like a life insurance policy, does not need to be included in your estate plan. Make sure that on any accounts with a beneficiary, you are happy with the person listed.
- Consider Digital Assets – You likely have many treasured photos and important documents saved on your devices or on the cloud. After you die, these accounts may not be accessible unless you lay out specific instructions beforehand. Make a comprehensive list of all your digital assets and talk to us about what you can do to protect your wishes in regard to what happens to them.
- Look into a Trust – With a properly structured trust, you can ensure that your plan for your assets goes exactly the way you want. When you create a trust, you decide exactly what is going into it, who gets these assets, and how to distribute these assets.
The post 4 Tips for Successful Estate Planning first appeared on Tarantino Law, PLLC.
Our team at Tarantino Law, PLLC, knows you care about your business, and we want to help you ensure it remains successful. If you are planning to enter into business negotiations of any kind, we encourage you to reach out to our team to find out how we can help. In this article, we’ll go […]
The post Why You Should Hire a Lawyer for Help with Business Negotiations first appeared on Tarantino Law, PLLC.
In our experience at Tarantino Lw, PLLC, there is a great deal of misinformation surrounding personal injury law. The media often paints personal injury cases as ridiculous and the claimants as greedy and stupid, both of which serve to discourage people from pursuing personal injury claims of their own. In this article, our team will […]
The post Common Misconceptions About Personal Injury Law first appeared on Tarantino Law, PLLC.
Our team at Tarantino Law, PLLC, has extensive experience in estate planning. We want to help you take steps to take care of your loved ones after you pass away. In our experience, one aspect of estate planning many people fail to consider is who will take care of their pets. If you have a […]
The post What You Need to Know About Pet Trusts first appeared on Tarantino Law, PLLC.
Probate is a legal process where a deceased person’s estate is managed and their assets are properly distributed according to their wishes or state laws. Many myths surround probate administration, and here are a few common ones we hear from people regularly. Myth #1: Probate is long and complicated. While probate can take time, it […]
The post Five Common Myths About the Probate Administration Process [infographic] first appeared on Tarantino Law, PLLC.
One of our areas of practice here at Tarantino Law, PLLC, is estate planning. This field focuses on what happens to you and your assets as you near the end of your life, and what happens after. Our team can help you take a variety of steps to ensure your wishes concerning the end of […]
The post What is a Living Will? first appeared on Tarantino Law, PLLC.
Our team at Tarantino Law, PLLC, has extensive experience in estate planning. If you are ready to start making plans for the end of your life and what happens after, we encourage you to reach out to us to schedule a consultation. In this article, we will go over a few common mistakes we see […]
The post Common Estate Planning Mistakes to Avoid first appeared on Tarantino Law, PLLC.
There are moments when navigating legal paperwork is like attempting to read a map in a foreign language. But it’s important to understand the power of attorney. A power of attorney allows you to delegate decision-making authority to someone you trust. However, did you know there is more than one type, each with a distinct […]
The post The Different Types of Powers of Attorney and Their Uses first appeared on Tarantino Law, PLLC.
Probate administration is a legal process where a deceased person’s estate is distributed to heirs and any debt owed by the decedent is paid off. Probate administration typically includes several steps, which may include: Open the Estate—A petition is filed with the probate court to open the estate, and if a will is present, the […]
The post Probate Administration: A Quick Look at the Steps in the Process [infographic] first appeared on Tarantino Law, PLLC.
A living will represents your decisions for healthcare when you are unable to voice them. Let’s examine why a living will is an essential component of contemporary healthcare planning. Express Your Healthcare Wishes. Put yourself in the scenario where a medical condition prevents you from communicating. A living will acts as your voice. It describes […]
The post The Role of a Living Will in Healthcare Planning first appeared on Tarantino Law, PLLC.
Talking about end-of-life issues is surrounded by unease and doubt. But advance directives provide clarity, like a lighthouse through the mist. These legal agreements guarantee that your desires for medical care are carried out, particularly in situations where you may not be able to express them for yourself. Let’s examine why advance directives are essential […]
The post Why You Need Advance Directives in End-of-Life Planning first appeared on Tarantino Law, PLLC.