Estate Planning Resources - Moen Sheehan Meyer

What Assets Should Not Be Put in a Trust?

September 30, 2024

Life insurance, retirement accounts, checking accounts, and vehicles are some examples of assets that may be best left out of a trust.

What Should You Do if You Suddenly Become Wealthy?

July 29, 2024

The most important task you will need to accomplish when you suddenly come into money is to create an estate plan.

What Decisions Cannot Be Made by a Legal Power of Attorney?

May 27, 2024

The power of attorney cannot make changes to your will, transfer his or her power to someone else, or keep making decisions after your death.

Can a Gift in a Will Come With a Condition?

March 18, 2024

A will can include a provision that allows for the distribution of an asset only after a specific condition has been met.

What Happens When a 401k is Inherited?

February 26, 2024

The rules are different depending on whether you are a spouse or non-spouse, or if you inherit the 401k as a child or are disabled.

What are the Pros and Cons of a Land Trust?

January 22, 2024

One of the main benefits of a land trust is that it allows an owner to separate some property from their personal finances.

What Should You Do When a Parent Passes Away?

January 8, 2024

There are a number of things you will need to do when a parent passes away, including locating important papers, making burial arrangements, filing for probate, and taking care of the estate.

How Can I Stop My Elderly Parent From Giving Away Money?

November 13, 2023

Scams are more prevalent than ever and criminals put a lot of focus on older people. As your parents age, it is helpful to become more involved in their financial affairs.

If I Have a Living Trust, Do I Still Need a Will?

October 30, 2023

If you have minor children, a will is essential because it provides for the appointment of a guardian to care for them if you die. However, a trust may also be beneficial in that situation because it will protect assets until the children are adults.

Is There a Downside to Being a Power of Attorney?

September 11, 2023

There are some potential disadvantages of being a power of attorney. For example, the Power of Attorney must be able to make serious choices that could involve the person’s health and estate.