When you’re doing your estate planning, one important item to think about is at what age your children should receive the money and property you’ve left to them. Once a child becomes a legal adult at the age of 18, you could give them all of their inheritance, no strings attached. But most parents want […] The post When to Give Your Children Their Inheritance: 4 Factors to Consider appeared first on The Heritage Law Blog .
Concerns about inherited wealth can be found among many parents (wealthy and otherwise) who wrestle with whether or not bestowing wealth upon their children or grandchildren will be a blessing or a curse. It especially an issue for the ultra-wealthy. So in August 2010, Bill and Melinda Gates and Warren Buffet created the Giving Pledge […] The post Leaving a Legacy of Wealth and Values appeared first on The Heritage Law Blog .
When your estate plan is complete, there’s still one more step you need to take. It’s important that you make sure the people you name in your estate planning documents who will need to take action at some point, like your children, know certain things. What are the details of your durable power of attorney, […] The post What Your Adult Children Need to Know About Your Estate Planning appeared first on The Heritage Law Blog .
As a parent, you have the natural instinct to protect and care for your children. From the minute you bring your baby home for the first time, your child becomes your priority and the center of your life. However, while it’s very common for people under the age of 35 to have children, 92% of […] The post Protecting Your Kids Through Proper Estate Planning appeared first on The Heritage Law Blog .
Consider yourself lucky if your family owns a vacation home –a lakeside cabin, a beachfront condo–a place where parents, children and grandchildren can gather for vacations, holidays and enjoy each others company and relax together. Your vacation home is likely a place full of special memories where you or your children grew up enjoying summers […] The post Massachusetts Estate Planning for a Family Vacation Home appeared first on The Heritage Law Blog .
With back-to-school on everyone’s mind, the protection of our children when we are not close by is on everyone’s mind. But did you know that 70% of parents have never taken any action to legally protect their minor children if anything happens to them? And of the 30% of whom have, most have made at […] The post Your Children May Be at Risk Even If You Have a Will appeared first on The Heritage Law Blog .
For the past several weeks we’ve been talking about what you can do in terms of estate planning for your minor children (guardianship, asset management, life insurance, retirement plans), but your children don’t stop being your children when they go away to college. There’s no doubt about it; sending your college-age child off to school […] The post Planning for College-Aged Adults appeared first on The Heritage Law Blog .
When your children were small, you no doubt suffered the challenge of keeping peace in the family. We see this same scenario play out time after time among adult siblings […]
You bring your children into the world with love. You raise them with love. If you’re going all the way as a parent, you also create an estate plan to […]
Many parents want to leave a legacy for their children but worry that when their child inherits from them, those assets will be at risk. Where do the risks come