Death is not easy. Sure, a passing that is expected is a little bit easier to swallow than one that suddenly occurs, but either way you can be left heartbroken. When financial stress around a legacy plan adds to the stress during this time, families have been broken apart when they should be holding each other close. If you are adamant that this type of situation doesn’t happen to your family, it is important to go ahead and focus on getting your surrounding family in line with your legacy plan. Read Full Article
Estate Planning
Should You Provide A Gift to Your Tenant From an Estate Plan?
If the land that you own has had a consistent tenant year after year performing operations such as farm work or running a business, chances are that you probably have a close relationship. When reviewing your estate plan, the question becomes whether or not you should include a monetary gift to your tenant. Whether it is a few thousand dollars or a few hundred thousand dollars, this is a decision that should be thoroughly thought through. Working with a financial expert that specializes in estate planning is your best bet to ensure that all parties involved are treated well. A financial advisor can walk through the goals that you have in place for your estate plan and help to make sure that those goals are achieved. Read Full Article
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3 Questions Regarding Your Estate Plan
With so much going on in our daily lives, it is difficult to keep up with things like your estate plan. However, if you sit down and think about it, staying up to date with your estate plan should actually be a top priority. Rather than spending time in front of the television or at the nearby bar, consider designating time to update your estate plan. If you don’t know where to even begin when it comes to evaluating your existing estate plan, don’t hesitate to contact our dedicated team at Dunncreek Advisors. While there are a lot of things to consider, you want to make sure that certain questions are addressed during the review of your estate plan. Read Full Article
Questions to Ponder Regarding Your Estate Plan
When is the last time you reviewed your estate plan? If it has been any longer than about 3 years ago, it is time for you to dust off the cobwebs and evaluate your existing estate plan. Although it is easy to forget about your estate plan, the last thing that you want is for your estate plan to be outdated if something was to unexpectedly happen to you. When it comes to evaluating your estate plan, it never hurts to have experienced and professional estate planning guidance on your side. By partnering with our staff at Dunncreek Advisors, that is exactly what you get! If you are in the middle of reviewing your existing estate plan, we have a couple of questions for you to ponder. Read Full Article