A Lesson in Wills, Trusts, and Family Peace for your Heir The Great Wealth Transfer, a broad term for the largest transfer of wealth from older generations to younger ones through inheritances and other financial gifts, is underway. But that does not mean that every heir will receive a share. Some may miss out on […]
Author Archives: Skvarna Law
09
Oct
Oct
Four Financial Moves You Shouldn’t Overlook Starting a new job often brings more than a change in your daily routine. Whether you’re accepting your first professional position, advancing your career, or moving to a different employer, your financial circumstances may change considerably. Along with a new salary and benefits package come important decisions about protecting […]
02
Oct
Oct
The Estate Planning Gap Families Often Overlook: A College Student’s Digital Life Sending a child to college changes more than where they sleep at night. For many students, it marks the beginning of managing their own bank accounts, credit cards, school portals, healthcare information, electronic devices, passwords, and online services. Even when parents continue paying […]
25
Sep
Sep
Heading south for the winter can mean months of sunshine, warmer temperatures, and a welcome change of scenery. However, splitting your year between two states can also create legal and estate planning questions. Don’t overlook while packing suitcases and making travel arrangements. Living for a significant amount of time in another state or own property […]
18
Sep
Sep
Estate Plan? You signed your estate planning documents, put them somewhere safe, and checked an important task off your list. Since then, life continued. Children grew up. Grandchildren arrived. Relationships changed. You bought or sold property. Financial accounts moved. Someone you named as an executor, trustee, guardian, or agent may no longer represent your first […]
11
Sep
Sep
Snowbirds: What You Need to Know About Second Home Rental Property Owning a second home gives you the freedom to escape to a favorite destination for weeks or months at a time. However, when that property sits empty for part of the year, renting it out can seem like an easy way to offset some […]
Assets, Estate Planning, Estates, Uncategorized
Dorms, Leases, and Liability: College Estate Planning
28
Aug
Aug
What Parents Should Know Before Their Child Leaves for College The dorm room is selected. The extra-long twin sheets are packed. The laptop is ready, and a car filled with everything a college student could possibly need will soon pull away from home. Amid all the excitement surrounding college move-in day, parents may sign another […]
24
Aug
Aug
Don’t Let Your Loyalty Points Die With You: Invisible Estate Airline miles, hotel points, credit card rewards, gift cards, and travel credits can quietly accumulate for years. A frequent traveler may have enough miles for an international flight, while a credit card account could hold hundreds or even thousands of dollars in unused rewards. Yet […]
14
Aug
Aug
Questions to Ask When Choosing a Fiduciary for Your Estate Plan Choosing beneficiaries represents only one part of estate planning. You also need to decide who will manage your finances, administer your estate or trust, and make important decisions if you cannot act for yourself. Those choices can significantly affect how smoothly your estate plan […]
07
Aug
Aug
Everything You Ever Needed to Know About Wills & Trusts But Were Afraid to Ask Wills & Trusts People who enter a marriage or remarriage with significant assets often know they need legal planning. However, deciding whether they need a will, a trust, a marital agreement, or all three can feel confusing. Although these documents […]