Estate planning

Latest Stories

Make Your Wishes Known: The Benefits of Pre-planning a Funeral

By Margaret Muldoon | December 11, 2018

When someone passes away, no matter how old they are, it’s difficult for the family to make decisions about how to handle the funeral. But if you have your plans outlined, it takes a lot of the stress off the family. Think big about your estate plan, but don’t forget the little things.

Tax-efficient Transition Planning for Family-owned Businesses

By Zachary Meissner | November 20, 2018

Even if a family-owned business has a strategic transition plan in place, there are a variety of ways that unforeseen tax implications can disrupt a successful transition.

Common Estate Planning Myths

By Margaret Muldoon | October 16, 2018

Many people have the wrong ideas about wills, trusts, and estate plans. After all, estate planning isn’t something most people think about every day and something they may try to avoid. These misconceptions often prevent people from taking action that will save their loved ones countless headaches and difficulties.

Personal Finance in Your Middle Years

By Kevin Gianfortune | July 3, 2018

For those of us in our “middle years,” this is an important time in our lives. We are hitting our stride in our careers, we’ve settled down with a spouse and a house, and maybe started a family. Things that were once remote possibilities are starting to take a more concrete form. With this in mind, we need to start thinking differently about our financial lives.

What to Do with an Inheritance

By Margaret Muldoon | May 29, 2018

When my father died two years after my mom, he left me half of the family home and the majority of his life insurance. I was working in the financial services industry by that point, so I understood the value of meeting with a financial adviser, who gave me guidance on what to do with my inheritance.

Remarriage and Estate Planning

By Penn Mutual | February 27, 2018

Marrying again later in life may mean untangling some sticky financial issues, particularly where an estate plan is concerned. If remarriage is on the horizon, here are the most important things to keep in mind as you join forces—and finances—with your soon-to-be spouse.

How to Choose the Right Executor for Your Estate

By Margaret Muldoon | January 16, 2018

When it comes to estate planning, many people view choosing an Executor (also referred to as Personal Representative) as the easiest part of the process. However, when planning your Will, choosing the right Executor can be one of the most important decisions you’ll make.

Does Your Estate Plan Cover Your Digital Assets?

By Penn Mutual | December 19, 2017

Going online to manage your money, check emails, plan your calendar or stay connected with friends and family eliminates paper trails, but it creates something else: digital assets. While digital assets may not have a physical presence, like a home or collectibles, you still need to make room for them in your estate plan.

My Experience in Writing a Will

By Jay Perlman | October 17, 2017

I just went through the process of meeting with attorneys to draw up a Will and deal with all the issues of my impending demise. Or, maybe my demise is not so impending, but I think it still makes sense to be prepared.

Securing the Financial Health of Your Grandchildren with Multi-Generational Life Insurance

By Frank Howell | June 20, 2017

Creative use of life insurance can play an important role in a multi-generational legacy planning strategy, one that allows grandparents to set aside assets specifically to benefit their grandkids, yet still retain control over those assets during their lifetimes. This is a strategy I’ve used with my own clients.