“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. – The Declaration of Independence, July 4, 1776 As most of us learned in school, the original phrase coined by philosopher…

“If only we could stretch out summer — and our lives. But while the approach of autumn is fairly predictable — heralded by back-to-school signs in every store — our life expectancy is subject to the whims of fate or a higher power. That’s why it’s important to be prepared for the unexpected. And in…

“One of the last things on the mind of most millennials is death. Typically their thoughts and plans center on other things. Most of them probably feel that estate planning is to be done when they are in middle age at the earliest. But that is a huge mistake. Many millennials have just as much,…

“Having a child can be one of the most momentous occasions in a person’s life, and while caring for a new child can be a joyous experience, it also comes with an enormous amount of responsibility. For instance, parents will need to begin contemplating how to provide for their child in the event of a…

“Generation after generation, people have tended to procrastinate when it comes to estate planning. There is nothing new about this. However, a report from PEW Research Center shows that Millennials may have even less reason to create an estate plan at a young age than previous generations. They are holding off on getting married, buying…

“For years, two major age groups have been affecting how businesses market themselves. On one side you have baby boomers, the generation that defined Madison Avenue–style advertising for 40 years. On the other side are millennials, known for, among other characteristics, disrupting the very models for reaching consumers that their grandparents helped build. In the middle, you have the…

“Millennials often believe that estate planning isn’t necessary—at least, not at this stage of life. Some of the most common reasons include: Thinking it’s too early to worry about estate planning, since they have many years ahead Assuming that estate planning isn’t important for people who don’t yet have children Believing they don’t have enough…

“Most people hate reviewing their estate plan, and I can’t say I blame them. From tax law and complex documents, to trusts and health care directives, the intricacies can be daunting. Plus, talking about life after death isn’t anyone’s favorite activity. Unfortunately, these common stressors often prevent people from revisiting their plan once it’s been…

“A specialist accredited for wills and estates has called for advisers to be more proactive in identifying inadequate estate plans, which disadvantage women more often than men. Anna Hacker, national manager of estate planning at Australian Unity Trustees, says studies show women live longer than men and are more likely to be in a weak…

Using a trust can be an important tool in an individual’s estate plan.  A trust is a legal arrangement where a “trustor” or “grantor” transfers property to a person having the fiduciary responsibility to conserve and protect the property.  The person with this fiduciary responsibility is known as the “trustee.” The trustee holds the property…

©2016 Marsalese

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