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Estate Planning Blog

Must I Sell Parents' Home if They Move to a Nursing Facility?

Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.
03/25/22 • by: Goldsmith & Guymon, P.C.
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Dying Parent’s Financial Affairs Can Be Challenging

Dealing with a sick family member is a challenging and emotional time.
03/23/22 • by: Goldsmith & Guymon, P.C.
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Can Grandchildren Inherit?

Children and grandchildren motivate us to think about a will and life insurance. However, it is problematic to name minor children as beneficiaries.
03/22/22 • by: Goldsmith & Guymon, P.C.
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Are Inherited IRAs Taxed?

Tax rules on individual retirement accounts (IRAs) are different for inherited IRAs. Some differences are positive.
03/21/22 • by: Goldsmith & Guymon, P.C.
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Should I Withdraw more than RMD?

Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big picture. For some people, it makes sense to go big.
02/24/22 • by: Goldsmith & Guymon, P.C.
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Do I Really Need a Will?

There are certain financial goals that it's important to check off your list, like having enough money in a savings account to cover emergency expenses and eliminating unhealthy debt. However, here's one goal many people gloss over -- creating a will.
02/23/22 • by: Goldsmith & Guymon, P.C.
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Write a Letter of Instruction for Loved Ones

Executors can use additional information in administering estates, especially if the executor is unrelated to the decedent.
02/22/22 • by: Goldsmith & Guymon, P.C.
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What Legal Terms in Estate Planning do Non-Lawyers Need to Know?

For most people, entering the realm of estate planning can feel a bit like traveling as a tourist into another culture. Because the language itself is unfamiliar, asking a question can result in an answer that is equally confusing.
02/18/22 • by: Goldsmith & Guymon, P.C.
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What Should Not Be Included in Trust?

A revocable living trust is a great tool to help your assets pass smoothly to your beneficiaries and it can significantly reduce the headaches of probate.
02/18/22 • by: Goldsmith & Guymon, P.C.
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How Do I Stop Heirs from Foolishly Wasting Inheritance?

One of the biggest concerns a trust creator might have is that the beneficiary would squander their inheritance or that the beneficiary’s creditor would attach the inheritance to cover the beneficiary’s debt.
08/03/21 • by: Goldsmith & Guymon, P.C.
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