Hess & Hess

11/12/2018

Most people don’t realize that the seemingly simplest of estate planning documents – the will – isn’t as simple as it might sound.

Most people know the basic documents needed in an estate plan. But what most don’t know is that the seemingly simplest one, the will, isn't so simple.

11/09/2018

Our digital assets are just as important as our physical assets. Especially when they're an investment.

To ensure that clients' digital assets are passed on to heirs and beneficiaries advisors should review and take these important measures.

11/06/2018

The new legislation effectively eliminates the federal estate tax for all but the wealthiest individuals.

The tax reform enacted at the end of 2017 will have a far-reaching impact on many areas of tax and financial planning.

10/31/2018

What do and have in common? Both can be very scary. You stick to the trick-or-treating, and we'll handle your estate plan!

10/30/2018

Poor communication can lead to a breakdown in trust.

Communication is the key, but you have to be careful how you go about it. You need to prepare your family first, and it helps to set some ground rules.

10/26/2018

We say it all the time, but everyone really needs their own estate plan, regardless of age.

Although we typically associate the term “estate” with the ultra-wealthy, estate planning is not just for the rich. Everyone, regardless of family dynamics or financial status, can benefit from having an estate plan—a collection of documents that specify how you want your assets distributed.

10/23/2018

A surviving spouse should always have his or her own will and trust reviewed.

As soon as you are able, you have some legal documents to review and plans to update to protect both you and your heirs.

10/19/2018

A family trust must always have at least one trustee.

10/16/2018

By definition, a trust that does not hold property is not a trust.

10/11/2018

A trust may be established for any purpose so long as the purpose is not illegal.

10/08/2018

Trust intent is usually evidenced by express language in the trust document to avoid any potential confusion later on.

10/03/2018

A family trust is perhaps the most common type of trust created today. Let’s examine what goes into creating one.