Why It’s Important to Update Your Estate Plan

It is a common misconception that once the estate plan is prepared and executed, it does not require any further attention.

02/24/23 • by: Goldsmith & Guymon, P.C.

Top Benefits of Estate Planning

Estate planning isn’t just for the ultra-wealthy, nor is it something you should put off until your golden years.

02/23/23 • by: Goldsmith & Guymon, P.C.

Busting Some Estate Planning Myths

While thinking about legacy planning can be unpleasant because it involves discussions about incapacity or mortality, it's an important aspect of good financial planning that shouldn't be ignored.

02/22/23 • by: Goldsmith & Guymon, P.C.

What’s a Bequest?

When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.

02/11/23 • by: Goldsmith & Guymon, P.C.

When Is Life Insurance Taxable to Beneficiaries?

When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.

02/10/23 • by: Goldsmith & Guymon, P.C.

Why Everyone Needs an Estate Plan

Estate planning isn’t just for wealthy individuals with large assets; it’s essential for everyone.

02/09/23 • by: Goldsmith & Guymon, P.C.

How to Protect Loved Ones from Being Disinherited

If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.

02/08/23 • by: Goldsmith & Guymon, P.C.

What are Big Mistakes When Writing Financial Power of Attorney?

Estate experts agree that a financial power of attorney is one of the most important documents to include in your estate planning. It allows you (the “principal”) to name a person you trust (your “agent”) to make decisions about your property and finances if you cannot.

01/27/23 • by: Goldsmith & Guymon, P.C.

What Is Needed in Estate Plan Besides a Will?

One reason for having a will is to make sure your wishes are carried out. If you die “intestate” (without a will), your assets will be distributed by state law, not by your desires.

01/26/23 • by: Goldsmith & Guymon, P.C.

What Happens When Property Is Owned Jointly and an Owner Dies?

Various types of property, such as bank accounts and real estate, can be owned jointly with another person(s).

01/25/23 • by: Goldsmith & Guymon, P.C.

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Estate Planning Blog

Why It’s Important to Update Your Estate Plan

Top Benefits of Estate Planning

Busting Some Estate Planning Myths

What’s a Bequest?

When Is Life Insurance Taxable to Beneficiaries?

Why Everyone Needs an Estate Plan

How to Protect Loved Ones from Being Disinherited

What are Big Mistakes When Writing Financial Power of Attorney?

What Is Needed in Estate Plan Besides a Will?

What Happens When Property Is Owned Jointly and an Owner Dies?

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