Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the importance of beneficiary designations. The post Planning for Retirement Plans and IRAs: Beneficiary Designation appeared first on Kulas Law Group.
Clients often want the simplest estate planning solution possible. However, the simplest solution is doing nothing. Usually, doing nothing does not result in the desired outcome. The post Estate Planning: The Simplest Plan is Usually Not the Best appeared first on Kulas Law Group.
Have you been putting off the creation of your estate plan because you never seem to have the time and/or money to get it done? If so, you are hardly alone. Over half of all Americans don’t have an estate plan in place despite understanding the importance of having one. One mistake you do not [ ] The post Port St. Lucie Estate Planning Attorneys Warn Against the Use of DIY Documents appeared first on Kulas Law Group.
If you plan to pass down assets to your children, either during the course of your lifetime or after your death, you need to recognize the potential threat to those assets in doing so. More specifically, it is important for you to understand the threat your in-laws could pose to the assets you spend a [ ] The post Vero Beach Estate Planning Lawyers Discuss the In-Law Threat appeared first on Kulas Law Group.
Most people have at least a vague idea of what Medicaid is and what type of benefits the Medicaid program offers to those who are eligible. Unless you have participated in the program before, however, you may find that much of what you believe about the program is not rooted in fact. As you get [ ] The post Port St. Lucie Medicaid Planning Top 5 Medicaid Myths appeared first on Kulas Law Group.
For the average person, estate planning is somewhat intimidating. This should be easy enough to understand. After all, estate planning requires you to contemplate your own death for starters. In addition, the components of an estate plan are not things the average person deals with on a daily basis. All of this put together makes [ ] The post Estate Planning Attorneys Point Out Top 5 Estate Planning Mistakes appeared first on Kulas Law Group.
For most people, a Last Will and Testament serves as the foundation for their initial estate plan. If you are just now getting around to creating and executing your first Will, you undoubtedly have a number of important decisions to make during the creation of that Will. Naturally, you will be focusing on the distribution [ ] The post Port St. Lucie Estate Planning Attorneys Explain the Importance of Choosing the Right Executor appeared first on Kulas Law Group.