The Real Cost To Your Family: Having No Estate Plan At All

When it comes to putting off or refusing to create an estate plan, your mind can concoct all sorts of rationalizations: “I won’t care because I’ll be dead,” “I’m too young,” “That won’t happen to me,” or “My family will know what to do.”

But these thoughts all come from a mix of egoic pride, denial, and above all, we imagine, a lack of real education about estate planning and the consequences to your family. Once you understand exactly what planning is designed to prevent and support, you’ll realize there really is no acceptable excuse for not having a plan, provided you are able to plan and truly care about your family’s experience after you die or if you become incapacitated.

Do Your Homework to Ensure Your Kids Are Properly Cared For No Matter What Happens

It’s back-to-school time again, and when it comes to estate planning you may have homework to do. As a parent, your most critical—and often overlooked—task is to select and legally document guardians for your minor children. Guardians are people legally named to care for your children in the event of your death or incapacity.

Estate PlanningErica EndykeAugust 19, 2019Estate Planning, children

When to Update My Estate Plan

Is it time to update your Estate Plan.

There are two major mistakes in Estate Planning. The first is failing to have a plan at all; the second is failing to update it. Since no one has the crystal ball to forecast when your time will come, your plan should always be reflect your current circumstances, wishes and desires. Since life so fluid, these three elements are constantly shifting.

Estate PlanningErica EndykeAugust 12, 2019Estate Planning, update

Understand What’s At Stake Before Agreeing to Serve as Trustee

Being asked by a family member or close friend to serve as trustee for their trust upon their death can be an incredible honor. At the same time, however, serving as a trustee can be a massive responsibility—and the role is not for everyone.

Don’t Forget to Include Your Digital Assets In Your Estate Plan—Part 2

If you’re like most people, you probably own numerous digital assets, some of which likely have significant monetary and/or sentimental value. Other types of online property may have no value for anyone other than yourself or be something you’d prefer your family and friends not access or inherit.

To ensure all of your digital assets are accounted for, managed, and passed on in exactly the way you want, you should take the following steps…

Estate PlanningErica EndykeApril 24, 2019digital assets, estate planning, family, legal services

Add to Cart: Digital Assets in Your Estate Plan (Part 1)

We live in a digital age. Everyone and everything are online. We shop, pay bills, play games, listen to music, order groceries, and so on, all from our online accounts. It’s a valuable sphere and, consequentially, people are resistant to store passwords for fear that their password storage app will get hacked. But think for a minute of the opposite scenario. What if someone needed to access your account but couldn’t? What if you needed to, but couldn’t, turn off that bill pay or shut down your Facebook account?

Yo, Where's My Cheddah

April 12th is Teach our Kids to Save Day. I love this idea. We should be introducing our kids to the lessons of saving money, incurring debt and frivolous spending as early as possible so they can begin to develop strong financial habits. Ironically, one study showed that by the time a child is 7 years old, he or she has formed beliefs about money. Seven. Years. Old . Here are 5 tips to introduce money to your kids to enable them to build healthy habits and beliefs around money.

When a Will is Not Enough: Name a Temporary Guardian

Naming permanent guardians in your Will is just one step in protecting your kids. It’s equally important to have someone (plus backups) with documented authority, who can stay with your children until the long-term guardians can be located and formally named by the court, which can take months. Also, a Will does not take effect until you pass, so your appointed guardians will not have legal authority over your kids if you are in tan accident or incapacitated. The last thing you want is for police to show up at your home and find your children with a caregiver, who doesn’t have documented or legal authority to stay with them and doesn’t have any idea how to contact someone with such authority. In such a case, police would have no choice but to call Child Protective Services.

Live Life and Trust It!

Death does not have to be a dreary topic. Actually thinking about death can help you focus on life - on living a better life and passing it down for generations. A Trust is the ultimate tool to accomplish the transfer of your legacy.

What is a Trust?

You’ve heard the terms Trust Fund or Trust Account tossed around, but really, what is a Trust? Watch and learn the breakdown of Trust basics.

Fat and Estate Planning: Debunking the Myths

Despite tons of information available, there are still so many misconceptions about Estate Planning. What does this have to do with fat? Read on to find out.

Pop the Bubbly: Three Tips for a Fresh Start in 2019

The New Year can bring new excitement with the possibility of pressing the “refresh” button. Read three goal setting tips to help prevent your resolutions from failing.

Estate PlanningErica EndykeDecember 28, 2018Estate Planning, Legacy planning, legacy

Legacy Planning, it’s not about Death. It’s about Living your Best Life

This holiday season, let’s not forget what the holidays are truly about. Act with intention, create traditions, empower children and future generations to be their most amazing selves and achieve their own successes.