3 Money Saving Tips to Reduce Your Estate Planning Fees

Nowadays, a person cannot put together even a simple estate plan without hiring an experienced estate planning lawyer. The reason is that estate planning laws are different in each state. The laws are very complicated and can be convoluted. In South Dakota our trust laws change almost every year.

Sometimes, even missed signature or a wrong

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2017-08-29T15:37:14-06:00August 18th, 2014|Tags: |

Protect Your Children From a Retirement Plan Disaster

U.S. Supreme Court Rules Inherited IRAs are Not Protected from Creditors

On June 12, 2014, the U.S. Supreme Court—in a unanimous decision—ruled that Individual Retirement Accounts (IRAs) inherited by anyone other than a spouse are not retirement assets and as a result will not be protected from the beneficiary’s creditors in bankruptcy.

The rationale behind this is

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2017-08-29T16:44:50-06:00July 25th, 2014|Tags: , |

Fair vs. Equal?

What if Treating Your Children Fairly Means Unequal Inheritances?

When planning their estate, most parents try to treat their children equally in an effort to be fair.  However, sometimes being fair or doing what’s right by your children may not mean equal or the same inheritances.

The Key Takeaways

  • Treating children the same does not always provide

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2017-08-29T15:19:45-06:00July 11th, 2014|Tags: |

Who Needs an Estate Plan?

The short answer to this question is “Everyone, age 18 and older needs an estate plan.” It doesn’t matter if you are old or young, if you have built up substantial wealth or if you are just starting out—you need a written plan to keep you in control, not the State of South Dakota, and

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2017-08-28T19:18:48-06:00June 18th, 2014|

Future-Proof Your Estate Planning Process

The Three-Year Review and the Three-Year Plan

Take a moment to review the circumstances of your life from three years ago. Think about what you knew and what you did not know about managing your wealth. What were the top five important lessons you learned? In what ways have your views about money and wealth changed?

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2017-08-28T19:20:15-06:00June 14th, 2014|
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