Estate Planning Blog

What Is the Best Way to Leave Money to Children?

Providing for future generations shouldn’t be (overly) taxing. To manage taxes as you pass down your assets, look into UTMAs, 529s, child IRAs and trusts.
06/16/22 • by: Goldsmith & Guymon, P.C.
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What are Benefits of Putting Money into a Trust?

Grantor retained annuity trusts, intentionally defective grantor trusts, spousal lifetime access trusts, oh my! If you overhear two estate planning attorneys at a coffee shop, it would not be unreasonable to think that all clients have estate plans filled with trusts.
06/15/22 • by: Goldsmith & Guymon, P.C.
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What Happens Financially when a Spouse Dies?

When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
06/14/22 • by: Goldsmith & Guymon, P.C.
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Why Is Having a Will Important?

A striking proportion of Americans don’t have one. Nontraditional families are left uniquely vulnerable.
06/13/22 • by: Goldsmith & Guymon, P.C.
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How to Find a Great Estate Planning Attorney

One of the most important decisions you’ll have to make when creating an estate plan is which estate planning law firm to work with.
06/11/22 • by: Goldsmith & Guymon, P.C.
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Can I Help Parents Remember Online Passwords?

Ever heard the phrase, “a chain is only as strong as its weakest link?” The same goes for a financial portfolio: It’s only as safe as the password that protects it.
05/27/22 • by: Goldsmith & Guymon, P.C.
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What Do We Do If Dad’s Caregiver Dies?

A caregiving spouse dies, and their adult children are left unaware of their surviving parent’s needs and how to meet them.
05/26/22 • by: Goldsmith & Guymon, P.C.
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Does ‘Gray Divorce’ Fit into Estate Planning?

“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
05/25/22 • by: Goldsmith & Guymon, P.C.
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What Happens If You Become Incapacitated?

Many people ask what would happen if they were in the hospital and unable to make their own medical decisions? The answer depends on whether you planned ahead.
05/24/22 • by: Goldsmith & Guymon, P.C.
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Does Power of Attorney Perform the Same Way in Every State?

The law sometimes appears to contradict itself. Specifically, the words ‘anything and everything’ do not always legally mean ‘anything and everything’.
05/23/22 • by: Goldsmith & Guymon, P.C.
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