Ongoing Care
Trustee vs. Executor: Who does what after you’re gone?
Estate plans come with titles that sound interchangeable, until they’re not. Trustees and executors both manage assets, but they operate in completely different lanes. Understanding who does what is crucial to building a strong estate plan.
Choosing a Trustee for Your Irrevocable Life Insurance Trust (ILIT)
Choosing a Trustee for your ILIT isn’t a “fill in the blank and move on” decision. This person (or institution) will have administrative responsibilities immediately and will control how your life insurance is managed long after you’re gone. Here’s what actually matters when picking the right one.
Powers of Attorney 101: Who Steps Up When You’re Down?
Life can change quickly. If illness, injury, or another unexpected event leaves you unable to make decisions, who steps in to handle your healthcare or finances? Powers of attorney allow you to choose someone you trust to act on your behalf, ensuring your wishes are followed and important matters don’t fall through the cracks. Understanding how these documents work is a key step in protecting yourself and your family.
The Executor’s Role: The Toughest Job No One Talks About
Think being an executor is just about handing out inheritances? Think again. It’s one of the toughest, most overlooked jobs in estate planning. And the one that can make or break your legacy.
Choosing Guardians for Your Children: Getting It Right
It’s one of the hardest things for any parent to think about: who would raise your kids if you couldn’t? As tough as it is, naming a guardian is one of the most important parts of your estate plan—and one of the greatest gifts you can give your children.