April 16th is National Healthcare Decisions Day (NHDD), and is a reminder of the importance of healthcare planning and the need for an advance healthcare directive. Planning ahead and communicating our healthcare preferences allows us to take control of our healthcare needs and ensure that our wishes are honored, even in end-of-life care.
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Planning Your Virtual Afterlife: What Happens to Your Social Media Accounts After You’re Gone?
In today’s digital age, our lives are increasingly lived online. We share our thoughts, photos, and experiences with friends and followers on social media platforms like Facebook, Twitter, and Instagram. But what happens to these accounts after we pass away? Do they simply disappear, or do they live on forever?
In this blog post, we’ll explore the topic of virtual afterlife and what you can do to plan for the future of your social media accounts.
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Trusts have become ubiquitous parts of estate plans. Many Estate Plans use revocable trusts as the foundation for the plan while others include irrevocable trusts. Regardless of the planning reason, every trust needs a trustee. The grantor may name the beneficiary as trustee, or the grantor may name another individual or entity as trustee, creating a natural tension between the beneficiary and trustee. If the tension becomes too great, the beneficiary may seek to have the trustee removed. As expected, the avenues for removal depend upon the trust instrument itself, as well as any statutory remedies available. Read on to learn more.
What You Need to Know About SECURE Act 2.0
IRAs have become ubiquitous components of estate plans. The SECURE Act of 2019 altered the landscape for IRAs significantly. Just when advisors began to get comfortable with the new 10-year rule, the United States Treasury Department promulgated proposed Treasury Regulations early in 2022 adding additional complexity to that rule by requiring annual distributions for a non-EDB of a participant who died after their Required Beginning Date. Once again, the SECURE Act includes additional provisions with which every advisor should be familiar. Read on to learn more.
What Happens When You Don’t Trust Your Trustee – Part I
Trusts have become ubiquitous parts of estate plans. Many Estate Plans use revocable trusts as the foundation for the plan while others include irrevocable trusts. Regardless of the planning reason, every trust needs a trustee. The grantor may name the beneficiary as trustee, or the grantor may name another individual or entity as trustee, creating a natural tension between the beneficiary and trustee. If the tension becomes too great, the beneficiary may seek to have the trustee removed. As expected, the avenues for removal depend upon the trust instrument itself, as well as any statutory remedies available. Read on to learn more.
