Estate planning

Latest Stories

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.

Don’t Forget to Include Your Pet in Your Estate Plan

By Margaret Muldoon | June 13, 2017

While it’s silly to leave $12 million to your dog, it’s not a bad idea to consider the care of your pets in your estate planning. Pets are considered property under the law, but for most pet owners they are treasured members of the family. But unless you specifically provide for the care of your pet, it will pass along with the rest of your property as outlined your Will or according to intestacy laws (if you don’t have a Will). That might not be the best person to care for your pet. There are three ways you can provide for a pet in the event of your incapacity or death.

Life Insurance Remains a Strong Source of Stability in an Uncertain Tax Environment

By Penn Mutual | May 30, 2017

Just as estate planning has changed in recent years, so has the use of life insurance in estate planning. Life insurance can effectively serve multiple purposes and objectives in an estate plan, and has more uses beyond simply providing a death benefit to pay estate taxes.