Are you a Trustee or Successor Trustee? Do you expect to be one in the Future? When you take on these responsibilities, it’s important that you know what you’re getting into. You don’t want to find yourself in a compromising position. Remember this: someone appointed you to act as their trustee … [Read more...]
How Estate Planning Documents Help Prevent Elder Abuse
As loved ones and parents age, they become more vulnerable to fraudulent schemes. This article explores how a solid estate plan can help protect the elderly from becoming victims. Read on to learn more. … [Read more...]
Financial Planning and Estate Planning: Consider These Details
Financial planning and estate planning are both important to the future well-being of both you and your loved ones. By taking the right approach today, you can reduce your current stress level while feeling confident in the steps you’ve taken for the future. Here are three planning details that … [Read more...]
The Importance of Insuring Real Estate
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these traps. Read on to learn more. … [Read more...]
How Using Specific Bequests Could Cost Beneficiaries their Inheritance
Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. Read on to learn more. … [Read more...]
Estate Planning Questions Among First-Timers
One of the most common reasons our clients provide for putting off estate planning is that they just don’t want to think about the “what ifs.” At Gershberg and Associates, we know you don’t want to think about your death or incapacity, but we also know the benefits of an estate plan and the comfort … [Read more...]
Business Planning: Start With These Details
Are you a business owner? Do you have plans on starting a business in the near future? Are you aware of the steps you can take to protect yourself and your business, both now and down the road? There’s more to business planning than meets the eye, and that’s why it’s so important to take the … [Read more...]
The Best Times to Review Your Estate Plan
If you’ve executed an estate plan, don’t assume you are finished with the process. Circumstances change and as such, you should review your plan regularly and make changes to reflect your changing needs. Regular review is the best way to help ensure that your plan protects your loved ones and … [Read more...]
Changing Irrevocable Trusts Through Use of a Trust Protector
Advisors often include irrevocable trusts as part of a comprehensive estate plan to achieve both tax and non-tax goals. The use of irrevocable trusts can cause apprehension because of the perception that irrevocable trusts are inflexible in changing circumstances. This article explores how the use … [Read more...]
Estate Planning Reduces Stress During High Anxiety Times
During times of high stress such as tragedy or emergency, we tend to feel helpless. This article explores how a comprehensive estate plan helps reduce anxiety in uncertain times. Read on to learn more. … [Read more...]
