In recent posts, we’ve discussed the importance of updating your estate plan as your family grows. One of the most common questions parents ask involves leaving assets to minor children safely. Parents, grandparents, and relatives all want to provide for the next generation. Yet even well-intentioned plans can create confusion, court involvement, and financial risk. […]
Category Archives: Estate Administration
03
Oct
Oct
In recent posts, we’ve discussed the many ways estate planning affects families. One topic that deserves special attention is inheriting a home. The United States is experiencing the largest transfer of generational wealth in history. Baby boomers are expected to pass down an estimated $84 trillion over the next several decades, with $18–19 trillion tied directly […]
18
Sep
Sep
You Cannot Afford to Make These Estate Planning Blunders Many people think a simple will covers all their future goals. In reality, a flawed estate plan can create just as many headaches, heartaches, and expenses as having no plan at all. Life changes, laws evolve, and even good intentions can fall short. Without proper updates, […]
12
Sep
Sep
Which one do you need? A Will or Trust? Every adult needs a will, a trust, or both. These essential estate planning control your legacy. Further, they make sure your loved ones are cared for. And, finally, they provide peace of mind that your wishes won’t be left to chance. A properly drafted trust can […]
Assets, Estate Administration, Estate Planning, Heirs, Trusts
Why Your Child’s Trust Should Grow with Them
08
Aug
Aug
Trusts are powerful estate planning tools, especially when created to protect a child’s financial future. However, if you establish your child’s trust when they are five, that may not serve the same purpose—or offer the same protection—when they’re 25 or 45. Just as your child grows and changes over time, so too must the legal […]
20
Jun
Jun
Estate Planning Strategies to Protect Your Spouse In recent posts, we’ve discussed topics such as divorce and estate planning as well as disinheriting a spouse. This week, let’s focus on what you can do to protect your spouse in estate planning. Marriage legally positions you to provide long-term financial security for your spouse through legal […]
Assets, Estate Administration, Estate Attorney, Estate Planning
Family Estates: Even if Your Family Doesn’t Fight
04
Apr
Apr
In many families, everyone gets along, happily gathering for the holidays, sharing laughs, telling stories, and enjoying each other’s company. Then, the matriarch or patriarch dies. Suddenly, years of pent-up resentment and hurt feelings surface. Then, the once-happy family faces litigation over the head of the family’s money and property. Here, we discuss family estates. […]
Assets, Beneficiary, Estate Administration, Estate Planning
Legacy Questions to Address in Your Estate Plan
21
Feb
Feb
Estate planning involves more than asset allocation. It is about preserving your legacy and ensuring your values continue to impact your loved ones long after you’re gone. At Skvarna Law Firm, we understand that a comprehensive estate plan should reflect not only your financial wishes but also your life lessons, experiences, and hopes for future […]
03
Jan
Jan
Losing someone you love to death is difficult. When your loved one’s mail continues to arrive, you may struggle even more. Once the court appoints you executor or personal representative of a deceased loved one’s probate estate, take these steps. The same is true if you serve as the successor trustee of the loved one’s […]
Assets, Estate Administration, Estate Attorney, Estate Planning
Scary Estate Stories: Left Out of Your Parent’s Estate Plan?
24
Oct
Oct
More than half of millennials say they expect to inherit approximately $350,000 or more from their aging parents. But baby boomers say they plan to leave far less than that to their kids. One survey found that many do not plan to leave behind any money.In another study, just 26 percent of Americans, including 22 percent of baby boomers, said they expect to leave an inheritance