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4 Things Trusts Can Do That Wills Can’t
Both WILLS and TRUSTS are estate planning documents that can be used to pass your WEALTH and PROPERTY to your loved ones upon your death. However, TRUSTS come with some distinct ADVANTAGES over WILLS that you should consider when creating your plan.
That said, when comparing the two planning tools, you WON'T necessarily be CHOOSING between one or the other—most plans INCLUDE both. Indeed, a will is a foundational part of every person’s estate plan, but you may want to combi
Buyer Beware: The Hidden Dangers of DIY Estate Planning—Part 2
Earlier this week, we shared the first part of this series on the DANGERS of do-it-yourself estate planning. Here, we’ll look at how ONLINE legal DOCUMENTS can even put your MINOR CHILDREN at RISK. Given how far web-based technology has evolved, you might think online legal document services like LegalZoom® and WillsandTrusts.com have advanced to the point where they’re a suitable alternative to having your estate plan prepared by a lawyer.
After all, you’ve been able to pr
Buyer Beware: The Hidden Dangers of DIY Estate Planning—Part 1
Do a Google search for “ONLINE estate PLANNING documents,” and you’ll find dozens of different WEBSITES. From Legal Zoom® and Willing.com to Rocket Lawyer® and Willandtrust.com, these do-it-yourself (DIY) planning services might SEEM like an enticing BARGAIN.
The sites let you complete and print out just about any kind of planning document you can think of—wills, trusts, healthcare directives, and/or power of attorney—in just a matter of minutes. And the documents are typic
Safeguard Your Children’s Inheritance With a Lifetime Asset Protection Trust
LIFETIME ASSET PROTECTION TRUSTS are primarily designed to PROTECT your LOVED ONES and their INHERITANCE from much more common THREATS, such as divorce, serious debt, devastating illness, and unfortunate ACCIDENTS. At the same time, LAPTs can provide your heirs with a unique educational opportunity in which they gain valuable experience managing and growing their inheritance, while enjoying airtight asset protection.
To demonstrate how LAPTs can provide protection to famil
The SECURE Act’s Impact On Estate and Retirement Planning—Part 2
In the first part of this series, we discussed the potential ramifications the SECURE ACT has for your estate and retirement planning. Here, we’ll look more deeply into additional strategies you may want to consider in light of the new legislation. https://www.kruglerlaw.com/single-post/2020/01/21/The-SECURE-ActE28099s-Impact-On-Estate-and-Retirement-Planning-Part-1 On January 1, 2020, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) went into effect
The SECURE Act’s Impact On Estate and Retirement Planning—Part 1
On January 1, 2020, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) went into effect, and it represents the most significant retirement-planning legislation in decades. Indeed, the changes ushered in by the SECURE Act have dramatic implications for both your retirement and estate planning strategies—and not all of them are positive. While the law includes many taxpayer-friendly measures to boost your ability to save for retirement, it also contains
Lifetime Asset Protection Trusts: Airtight Asset Protection For Your Child’s Inheritance—Part 2
Second part in the two part series in how you can protect your child's inheritance.
Lifetime Asset Protection Trusts: Airtight Asset Protection For Your Child’s Inheritance—Part 1
How as a parent, you're likely wanting to leave your children an inheritance. Here are some ways to protect their inheritance.
Many Things to Be Thankful For...Starting with You!
Thanksgiving is upon us and, here at Krugler Law, we have so many things to be thankful for…starting with our clients! THANK YOU for an amazing year of growth and prosperity. Three years ago when I started this practice, I wanted to add value to my family’s lives and to give back to the community around me. Although very busy with continuing to build and scale my practice, I find time to give back to my community in multiple ways including working as a guardian ad litem and
Understanding Your Life Insurance Settlement Options
Following the death of the policy holder, how proceeds from a life insurance policy are paid to the beneficiary (or beneficiaries) is known as the settlement option. And you might be surprised to learn that there are a variety of settlement options available besides the most common method—a lump-sum payout. Depending on the life insurance company and policy, these options may be selected by the policy holder ahead of time or chosen by the beneficiary upon the insured’s death.
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