Entries by Natalie Chaidez

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How to Protect an Inheritance for Your Special Needs Child

If your child requires or is likely to require governmental assistance to meet their basic needs, do not leave money directly to your child. Instead, establish a Special Needs Trust. A trust that is not designed with your child’s special needs in mind will probably render your child ineligible for essential benefits. A Special Needs […]

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The SECURE Act’s Impact on Estate and Retirement Planning

On January 1, 2020, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) went into effect, and it could have big implications for both your retirement and estate planning strategies—and not all of them are positive. Last week, I gave you a general overview of the SECURE Act’s most impactful provisions. Under the […]

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5 Steps for Adding Digital Assets To Your Estate Plan

Although digital technology has made many aspects of our lives much easier and more convenient, it has also created some unique challenges when it comes to estate planning. If you haven’t planned properly, for example, just locating and accessing all of your digital assets can be a major headache—or even impossible—for your loved ones following […]

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4 Tips for Discussing Estate Planning With Your Family This Holiday Season

As we head into the thick of the holiday season, you’re likely spending more time than usual surrounded by family and friends. The holidays offer an opportunity to visit with loved ones you rarely see and get caught up on what’s been happening in everyone’s life. And though it might not seem like it, the […]

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Don’t Let Your Kids Move Out Without Signing These Documents

Although I haven’t experienced it yet, I’ve seen clients, friends, and family watch their kids leave home to attend college or start their career. It can be an emotional time as a parent. On one hand, moving out on their own is a major accomplishment that makes parents proud. On the other hand, having your […]

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Buyer Beware: The Hidden Dangers of DIY Estate Planning—Part 1

Do a Google search for “online estate planning documents,” and you’ll find dozens of different websites. These sites let you complete and print out just about any kind of planning document you can think of—wills, trusts, healthcare directives, and/or power of attorneys—in just a matter of minutes. And the documents are typically quite inexpensive. At […]

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Lifetime Asset Protection Trusts: Airtight Asset Protection For Your Child’s Inheritance—Part 2

In the first part of this series, we discussed a unique planning tool known as a Lifetime Asset Protection Trust. Here we explain the benefits of these trusts in further detail.  If you’re planning to leave your children an inheritance of any amount, you likely want to do everything you can to protect what you […]

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Lifetime Asset Protection Trusts: Airtight Asset Protection for Your Child’s Inheritance—Part 1

As a parent, you’re likely hoping to leave your children an inheritance. But without taking the proper precautions, the wealth you pass on is at serious risk of being accidentally lost or squandered. In some instances, an inheritance can even wind up doing your kids more harm than good. Creating a will or a revocable […]

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Understanding Your Life Insurance Settlement Options

Following the death of the policy holder, the way in which proceeds from a life insurance policy are paid to the beneficiary (or beneficiaries) is known as the settlement option. And you might be surprised to learn that there are a variety of settlement options available besides the most common method—a lump-sum payout.   Depending […]