Estate Planning Archives - Page 16 of 16

November 18, 2016

How to Create a Private Family Foundation

Summary: Private Family Foundations work by supporting outside charities or running charitable programs of their own. These foundations provide a number of tax benefits and help create philanthropic legacies, however, there are a number of issues to consider related to regulations, fees, time commitments, and organizational structures. If you or your family are interested in pursuing charitable projects or want to create a philanthropic legacy for future generations,

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October 20, 2016

What are the Must Have estate planning documents?

Summary: Siedentopf Law discusses the purpose and importance of three essential estate planning documents: 1) Last Will and Testament, 2) Durable Power of Attorney, and 3) Advance Directive for Health Care. Having an estate plan means making provisions for your friends and loved ones and yourself, should you become disabled or upon your death. There are three legal documents in particular that will ensure this process is as

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July 26, 2016

What is a fiduciary and why are they essential to estate planning?

Summary: A fiduciary is a person who has a legal or ethical relationship with another person, and has agreed to provide them with the highest standard of advice or service. Fiduciaries typically have a professional obligation to advise a person in matters of law, finances, or property -- keeping the other party's best interests in mind. UPDATE: On June 9, 2017, the Fiduciary Rule went into effect. This law

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