Estate Planning Mistakes What are the biggest estate planning mistakes someone can make? Below is Welch Law’s Top 10 list based on our experience working with clients. 1. Not Doing One This is perhaps the most common estate planning mistake. Well over 60% of Americans under the age of 65 do not have an estate […]
funding trusts
Who Should be the Beneficiary of Your Life Insurance?
Life insurance may be the most important risk management tool you have in your personal and business portfolio. It could be the capital your family needs to make sure a surviving spouse and children are well cared for after you pass. It could be a wealth transfer tool for families with a higher net worth. […]
Helping Sam and Julie Protect What Matters Most
Meeting Sam and Julie I was introduced to Sam and Julie by a mutual friend, John (all names have been changed). Sam and Julie wanted to protect what matters most to them, their children. So, we sat down to discuss their plan and how I could help. We went over their family dynamics, their financial […]
Estate Planning Considerations – Selecting a Successor Trustee
Do you have a trust? Are you thinking about creating one? Why? Most people will tell you they created or want to create a trust to protect their assets and to make sure they are taking care of their children/grandchildren. So, it makes sense that (1) who takes care of the children and (2) who takes […]
The Importance of Funding
There are many ways to craft an estate plan for an individual or family. The basic building blocks consist of powers of attorney, healthcare directives, guardianship planning, and will(s) and/or trust(s) to direct where your stuff goes when you pass. Which tools should be used in a specific case really comes down to the customers […]