Common Types of Trusts Used in Estate Planning

Many financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose…

Charitable Gifting, Estate Planning, Insurance, Eldercare, Tax, Retiree, Pre-RetireeChip Hymiller, AIF®, CFP®February 9, 2021Estate Planning, financial planning, eldercare, Probate, Irrevocable Trusts, Trust, Will, Revocable trusts, Charitable Gifting, beneficiary

Alternatives for Avoiding Probate

Many people would prefer that their estates avoid the probate process. While the probate process is not overly costly in most states, it is generally considered a hassle to those who have experienced it. The following is a discussion on several alternatives for avoiding probate.

Estate Planning, Eldercare, Mid Career Professional, Pre-Retiree, RetireeChip Hymiller, AIF®, CFP®August 5, 2020Estate Planning, financial planning, Probate, Trust, Revocable trusts, beneficiary

It’s Time for an Estate Planning Review

It is very important to periodically take the time to review your estate plan and make sure your existing documents are still appropriate and continue to meet your needs. This is a task that Beacon reminds clients to address about every other year. So what are those things that need to be reviewed?

Estate Planning, Financial Planning, Mid Career Professional, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®July 15, 2020Estate Planning, Power of Attorney, Personal Finance, Probate, Trust, Will, beneficiary

Ease the Estate Settlement Burden

When a loved one passes away, the grief coupled with the burden of settling their estate can be overwhelming. Here are a few things you can do to make the estate settlement process easier for your heirs.

Estate Planning, Retirement Planning, Eldercare, Retiree, Pre-Retiree, Mid Career ProfessionalChip Hymiller, AIF®, CFP®April 14, 2020Estate Planning, eldercare, Probate, Will, Trust, beneficiary

Before Your Meeting with an Estate Attorney...Ask Yourself

In order to make your meeting with the estate planning attorney more efficient and productive, here are few items that you need to think about or decide on before your meeting.

Estate Planning, Retirement Planning, Financial PlanningChip Hymiller, AIF®, CFP®February 20, 2020Estate Planning, Power of Attorney, Probate, Retirement Planning, Trust, Will

Common Estate Planning Mistakes

Disorganization can generate months of hassle as well as unnecessary attorney or advisor fees. In addition to making sure that the distribution of your assets is in line with your objectives, taking a proactive approach when planning your estate can save your grieving family a significant amount of time and hassle.

Estate Planning, Eldercare, Mid Career Professional, Pre-RetireeChip Hymiller, AIF®, CFP®January 6, 2020Estate Planning, Personal Finance, eldercare, Probate, Trust, will