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Monthly Archives: November 2021

5 common estate plan mistakes to avoid

5 Costly Estate Plan Mistakes to Avoid

By Andre O. McDonald |

You spend the first half of your adult life trying to achieve financial security and the second half of your life trying to maintain it. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan, ensuring their wishes come to pass. Your life’s work and… Read More »

The importance of understanding the connection between life insurance and estate planning

Understanding the Connection Between Life Insurance and Estate Planning

By Andre O. McDonald |

A common misconception people have about life insurance and estate planning is that they only need to designate their spouse, child, or loved one as the beneficiary of the life insurance policy to ensure that the benefits will be available to the beneficiary when they die. Life insurance is an important financial and estate… Read More »

What is HEMS in estate planning, and why is it used so often in trusts?

What Is HEMS and Why Is It Included in So Many Trusts?

By Andre O. McDonald |

In the world of estate planning, you may come across the acronym HEMS from time to time. HEMS stands for “health, education, maintenance, or support” and is frequently included in trust agreements to guide a trustee on the types of distributions they may make to a trust beneficiary. When a trustee is limited to… Read More »

The Impact of Mental Illness on Estate Planning

Mental Health Considerations in Estate Planning

By Andre O. McDonald |

It is okay to not be okay. Removing the stigma of mental health starts with realizing that many people—about one in five of all US adults–are affected by mental illness. Understanding this fact can lead to more people getting the help they require, not only by seeking guidance from a mental health expert, but… Read More »

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