Setting up a trust fund is a significant step parents take to secure their children's financial future. In North Dakota, trusts are often used to manage and protect assets until the beneficiaries reach a certain age or achieve specific milestones. However, the process...
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Estate Planning
Is guardianship for your kids covered in your estate plan?
Guardianship allows you to choose who will care for your children if you can't. It's a key part of estate planning, ensuring your loved ones handle your children's welfare according to your wishes. Setting up guardianship involves legal processes to appoint a...
Estate planning for blended families
Estate planning can be a challenging task in many families, but blended families can involve unique challenges. It’s important to understand what your options are and how being a blended family can influence the plan for your estate after you pass on. The complexities...
Using a pour-over will to fund a trust
Creating a trust may help you transfer money and property to loved ones without the hassle of probate, but like any estate planning method, you may have to update your trust with new assets. However, there is the chance you will not get to place more wealth into the...
Why you should include a power of attorney in your will
Crafting a will involves more than just the distribution of assets and belongings. One often overlooked but essential element is the inclusion of a power of attorney. This legal document grants someone you trust the authority to make decisions on your behalf if you...
How can loneliness lead to issues while estate planning?
Loneliness can have a big effect on a person's mind. In the later years of life, individuals might become close to people who try to take advantage of their loneliness. This exploitation can significantly shape decisions about estate planning, potentially putting at...
4 myths surrounding estate planning
Estate planning, the process of arranging for the management and disposal of a person's estate during their lifetime and after death, is essential for individuals in every state. While the topic might seem straightforward, many myths and misconceptions surround estate...
Elements to include in an estate plan
Planning for the future is a crucial step in ensuring that your loved ones remain taken care of after your death. In North Dakota, creating a comprehensive estate plan can provide peace of mind and a smooth transition of your assets. Taking the time now to make tough...
3 benefits of including end-of-life planning in your estate plan
Creating an estate plan is a great way to plan for the future. This roadmap provides an organized, legally binding guide for distributing your assets after your death. But an estate plan does more than cover what happens after you pass away. Including end-of-life...
A fresh look at the 4% rule
Estate planning for retirement will likely involve the best way to spend your accumulated savings. If you spend too much too quickly, you risk running out of money, but if you do not spend enough you risk shortchanging your lifestyle. The 4% rule for spending has...