Estate Planning Blog

Four Reasons Why You Need an Estate Plan Even If You Aren't Wealthy

Estate planning might sound like something for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about to protect ourselves and loved ones.

03/11/24 • by: Goldsmith & Guymon, P.C.

Succession Planning Addresses Company Operations and Estate Planning

There are two sides to a succession plan. One is for the operation of the company, and the other is for the ownership of the deceased owner's share.

03/11/24 • by: Goldsmith & Guymon, P.C.

Integrating Retirement Accounts and Estate Planning

Integrating retirement accounts into your estate plan is vital for preserving your financial legacy. This blog post covers key considerations, such as tax implications, beneficiary designations, and strategies for maximizing benefits. By understanding the role of retirement accounts in estate planning and seeking professional guidance, you can ensure that your assets are distributed according to your wishes and provide lasting benefits for your beneficiaries.

02/13/24 • by: Goldsmith & Guymon, P.C.

Estate Planning for Unmarried Couples or Non-Traditional Families

Estate planning is essential for unmarried couples and non-traditional families, offering vital protection and recognition for partners and loved ones. This article explores key elements, from wills and trusts to tax implications and blended family considerations, tailored to the unique needs of these groups. By working with experienced estate planning professionals, individuals can ensure their wishes are honored and their families are safeguarded, regardless of marital status or family structure.

02/13/24 • by: Goldsmith & Guymon, P.C.

Estate Planning for Blended Families

Discover essential estate planning tips for blended families! Ensure fair asset distribution and protect your loved ones with these valuable strategies.

02/13/24 • by: Goldsmith & Guymon, P.C.

Prevent Difficulties in Probate with Advance Planning

Collect and organize all important papers, passwords and pin numbers, keep them up to date and tell your heirs where to find them.

02/13/24 • by: Goldsmith & Guymon, P.C.

Estate Planning When a Loved One Needs Hospice Care

While last-minute estate planning poses challenges, some steps can be implemented to tackle crucial considerations.

02/13/24 • by: Goldsmith & Guymon, P.C.

Guide to Incapacity Planning: Protecting Yourself and Your Estate

Incapacity planning is a crucial aspect of managing your estate and ensuring that your wishes are honored if you cannot make decisions for yourself. This article will examine the various components of incapacity planning, offering comprehensive…

02/06/24 • by: Goldsmith & Guymon, P.C.

Grantor vs. Non-Grantor Trusts: Understanding the Differences

As an estate planning attorney, I frequently encounter clients uncertain about the distinctions between grantor and non-grantor trusts. These types of trusts are fundamental in estate planning, offering various benefits and implications, particularly in tax planning and asset management. This article will discuss the key differences between…

02/06/24 • by: Goldsmith & Guymon, P.C.

3 Signs You Definitely Need a Trust (and Not Just a Will)

Estate planning is akin to crafting a roadmap for the future; it’s about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over…

02/06/24 • by: Goldsmith & Guymon, P.C.

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