The Curran Law Firm’s Post

Wills and trusts both play crucial roles in estate planning but serve different purposes. Learn what each can do for you and your loved ones. Want to know more, DM me! I'd love to meet and talk over your options and get you on track for future planning! #financialplanning #futureplanning #NorthwesternMutual #estateplanning #future #financialadvisor #family #money

Providing peace of mind for your spouse: The benefits of estate planning This process can minimise legal complications and ensure financial stability in the months following your passing. https://lnkd.in/dPiWnm39

Losing a spouse brings overwhelming challenges. Today's Wealth Insights shares practical steps to get organized, notify key contacts, handle finances and access support. You don't have to go through it alone. #FinancialPlanning #finance

In nearly every meeting I have with clients, estate planning is one important topic of discussion. We talk about what is currently in place, if anything*, and oftentimes I can provide resources to help plan and close any gaps. Wills and trusts both play crucial roles in estate planning although serve different purposes. Learn what each can do for you and your loved ones here: * You would not be the first person I talk to that hasn't set up a will or had the one they created notarized. Trust me, let's talk...no judgement zone.

🤔 According to a recent IG Wealth Management study, only 46% have general knowledge about estate plans. Less than half are familiar with key features like power of attorney, wills, taxes, and life insurance. ⏰ Don't delay - only 1/3 of Canadians have an estate plan. Of those with an advisor, just 52% have discussed the need for one. 🏦 Estate planning protects your family's future. It ensures assets are distributed per your wishes and offsets costs like probate fees and taxes. 👨🎓 Educate yourself and work with an experienced advisor. They can convey urgency, guide decisions, and provide tailored solutions. 👉 Follow Estateably for more helpful content and updates! Read more https://hubs.ly/Q02GC9QS0

Opening a new account before year end? Review this post to make sure you are titling it properly. https://lnkd.in/eP4NRgNP #retirementplanning #insurance #inheritance #investment #lawyers #business #legacy #investments #wealthmanagement #lastwillandtestament #plantoday #financialliteracy #willplanning #sandiegofinancialplanner #virtualfinancialplanner #remotefinancialplanner

Estate Planning When You Have Young Children https://lnkd.in/dy5cksny #Family #EstatePlanning #Finance #FinancialPlanning

Discover how trusts can be powerful tools in various scenarios to protect assets, provide for loved ones, reduce tax liability, shield wealth from creditors, and secure assets for generations to come. Explore these insightful estate planning strategies: 1. Protecting the Inheritance of Minor Children🧒👧 2. Providing for Those with Disabilities♿💛 3. Reducing Estate Duty Liability💼💸 4. Protecting Assets from Creditors🚫💳 5. Securing Growth Assets for Future Generations🌳🏠 Empower your estate planning with these trust strategies! 📜🔐 #Trusts #EstatePlanning #FinancialWisdom

Thanks to @The Well-being Collective, thanks to Jane Neves, Helen Kane Dawn Sheedy Financial Management (Townsend) and others. I had the insightful realization that by helping people with Wills, Trusts, and Lasting Powers of Attorney, I am not just providing legal documents but offering them peace of mind and a sense of security. This assurance can significantly enhance their mental well-being, knowing that they, their families, and their assets are protected. Estate planning, in essence, acts as a form of insurance against uncertainties, family issues, ill health, inheritance tax, and care costs. It ensures that loved ones are protected and that one’s wishes are respected, ultimately contributing to peace of mind and mental well-being. Have you got an insurance policy ? Have you got an Estate Plan ?

Who would you take estate planning advice from? In the life insurance and annuity business they teach some basic estate planning. In the financial advisory business the focus is acquiring assets. In the CPA world they teach some basic number information as it pertains to estate planning. We would suggest you speak to the Master of Taxes. As one who holds a Masters In Taxation with an emphasis on estate planning, I would suggest a sit down to plan your estate transfer. The number of times I've heard inaccurate, false, and misleading information on estate planning is shocking. It seems that everyone has an opinion. In some cases people have dealt with probate court, estate settlement, and even no beneficiary designations. In most cases the issues surrounding the estate could have been handled inexpensively and promptly with some estate planning guidance. The lack of a signature could cost you thousands of dollars. If you have to probate an asset that had no beneficiary designation you could lose a substantial amount of the asset before it's settled. Don't let people who don't deserve to acquire an asset, get a piece because of poor planning. For a review of your situation, reach out to me at john@masteroftaxes.com During our estate planning review we offer a review of your current tax strategies. We may be able to help you lower your liabilities now and in the future.