5 Steps to Starting an Estate Plan
It’s never too early to start working on how your things will be handled, once you pass away.
Ethan Huizenga
August 12, 2020
What Is a Beneficiary and Why Do I Need One?
Whenever you open a financial account, you’re almost always asked to name a beneficiary. Simply stated, a beneficiary of the account is someone who is entitled to the benefits of the account, typically, on the death of the account holder. If you’ve purchased life insurance, for example, you name a beneficiary who receives the benefits of the policy when you pass.
Ethan Huizenga
August 10, 2020
Estate Planning Is a Gift and a Legacy
Talking about death makes most of us uncomfortable, so we don’t plan for it. That’s a big mistake, because if you don’t have an end-of-life plan, your state’s laws decide who gets everything you own.
Ethan Huizenga
August 7, 2020
Estate Planning in the Pandemic
The coronavirus crisis has cascaded through pretty much all areas of the financial world, leaving very few businesses unscathed. Uncertainty has always been the enemy of financial stability, and unfortunately, foundational questions about how long the recovery will take and what the future will look like post-crisis do not have clear answers. Understandably, this is a cause of worry and concern for many.
Ethan Huizenga
August 6, 2020
4 Types of Powers of Attorney
As you age, it is important to have your affairs in order to ensure peace of mind for you and your family. Several documents need to be in place to help your family know and carry out your wishes.
Ethan Huizenga
August 4, 2020
Probate vs Trust Administration
Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.
Ethan Huizenga
August 3, 2020
What Should I Know about Medicare Plans?
For people age 65 or older in that situation, Medicare is generally the solution. While some in that age group might already have signed up at age 65 when first eligible for coverage, others may have delayed fully enrolling, due to qualifying for health insurance elsewhere — i.e., through their job (or their spouse’s).
Ethan Huizenga
August 1, 2020
5 Ways to Combat Social Isolation
A recent scientific report elevates social isolation and loneliness to the level of health problems, associating them with a significantly increased risk for early death from all causes. Of course, social isolation and loneliness can become more common with age. The arrival of the novel coronavirus will almost certainly make the problem worse.
Ethan Huizenga
July 31, 2020
Should I Create a Family LLC?
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial not just for small-business owners but is also a powerful tool for estate planning.
Ethan Huizenga
July 30, 2020
Your Estate Plan Needs to Be Customized
Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.
Ethan Huizenga
July 29, 2020