As the year draws to a close, it’s the perfect time to take stock of your estate plan and ensure everything still reflects your current life and goals. Many people create an estate plan once and forget about it, but… Read More
Posts Tagged ‘beneficiaries’
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Common Beneficiary Naming Mistakes
When creating or updating your estate plan, naming beneficiaries might seem like one of the simplest steps. However, it’s also one of the most common areas where costly mistakes occur. Beneficiary designations determine who will receive your assets—such as retirement… Read More
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Estate Planning for Modern Families
Today’s families come in many forms, including blended families, unmarried partners, same-sex couples, single parents, and caregiver relatives. With these evolving dynamics, estate planning has become more important than ever to ensure every loved one is protected. A well-structured estate… Read More
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When Should Your Children Receive Their Inheritance?
Deciding when your children should receive their inheritance can be just as important as deciding what they will inherit. Every family is different, and what works for one child or circumstance may not be ideal for another. While there is… Read More
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Why Avoiding Probate Is a Gift to Your Beneficiaries
The probate process, while necessary in some cases, can often be time-consuming, expensive, and stressful for your beneficiaries. By taking steps to structure your estate to bypass probate, you can spare your loved ones unnecessary delays and difficulties during an… Read More
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What You Can Do for Heirs with Money Management Issues
Leaving an inheritance to a loved one with money management challenges can be a delicate matter. While you want to provide for their future, you may worry about the possibility of the inheritance being squandered or claimed by creditors. Fortunately,… Read More
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How to Avoid 8 Estate Planning Pitfalls
Estate planning guarantees that your assets are distributed according to your wishes and that your loved ones are protected after death. However, many common mistakes people make can cause unnecessary complications or disputes. The Millman Law Group is here to… Read More
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How Do Dynasty Trusts Work for Beneficiaries?
A Dynasty Trust is an estate planning tool designed to provide financial security for multiple generations of your family. Unlike traditional trusts, which often have a set termination date, a Dynasty Trust can last for 1,000 years, offering long-term benefits… Read More
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Who Receives What? 3 Tips for Leaving Assets to Family and Friends
Estate planning is an essential process that ensures your assets are distributed according to your wishes after your passing. However, the process can be complex, particularly when deciding who receives what. To help you navigate this crucial aspect of estate… Read More
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Estate Planning for Newlyweds
If you are a newlywed or about to tie the knot during the busy spring and summer wedding season, it’s important to plan for all aspects of your future. One task newlyweds shouldn’t neglect is estate planning. Failing to create… Read More