Estate Planning | Tomac & Tomac

Knowledge is power. Check out the blog posts below that were specially curated for you:

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Jul 26, 2022
3 min

TALKING TO YOUR PARENTS ABOUT ESTATE PLANNING

For most of us, estate planning is one of the most challenging topics to discuss with our parents. Even broaching the subject can seem...

Jun 9, 2022
3 min

QUESTIONS TO ASK YOUR ELDER LAW ATTORNEY

Contemplating financial matters and making long-term life decisions via estate planning can be a difficult and emotional journey....

Apr 26, 2022
4 min

JOINT OWNERSHIP / BENEFICIARY DESIGNATIONS - BUT, WHAT IF?

Part 2 in our continuing series on the viral social media post by Jennifer Tomac One of the tips the viral social media post shares is to...

Apr 25, 2022
2 min

ESTATE PLANNING SOCIAL MEDIA POSTS - FACT OR FICTION?

This post has gone viral on social media over the last few weeks. We love that it has started a real conversation about the fact that we al

Apr 12, 2022
2 min

2 COMMON MISCONCEPTIONS ABOUT PROBATE

We often hear about a celebrity's estate wrapped up in a lengthy process, or about a recently deceased friend's family going through a...

Mar 31, 2022
1 min

YES, EVEN MILLENNIALS SHOULD HAVE AN ESTATE PLAN

Many people believe that estate planning is only for elders. The truth is that younger folks, including millennials, can benefit from...

Mar 30, 2022
2 min

MOVING OUT OF STATE? YOU MAY NEED TO REVISE YOUR ESTATE PLAN

Approximately 3 million Americans move to another state each year, while last year alone the number was 4.7 million. Given the stress and...

Mar 22, 2022
2 min

WHAT IS THE DIFFERENCE BETWEEN A WILL, A LIVING WILL, AND A POUR-OVER WILL?

These three legal documents have similar names but they are quite different in terms of the estate planning goals they help you...

Mar 10, 2022
2 min

WHAT'S NOT TO LIKE ABOUT AN "I LOVE YOU" WILL? PLENTY.

An I Love You Will is a last will and testament in which the testator—the person who makes the will—leaves everything to his or her...

Mar 2, 2022
2 min

ESTATE PLANNING FOR COUPLES MARRYING LATER IN LIFE

Advancements in the medical field have allowed us to live longer. Sometimes this leads to widowed spouses finding love and marriage for a...

Feb 17, 2022
2 min

HIGH PROFILE CELEBRITY DEATHS REVEAL THE IMPORTANCE OF PROPER PLANNING

When a high-profile celebrity unexpectedly dies, the public is usually interested in the value of their estate (their money and stuff), and

Feb 16, 2022
2 min

WHAT IS A POUR-OVER WILL AND HOW IS IT USED?

A pour-over will is a type of last will and testament typically used in trust-based estate planning. Unlike a traditional will, which...

Feb 15, 2022
2 min

WHAT IS THE MEDICAID LOOK-BACK PERIOD?

Medicaid can pay for the nursing home care of individuals who meet certain income and asset requirements. However, if the applicant’s...

Aug 12, 2021
2 min

SHOULD ALL OF YOUR CHILDREN RECEIVE EQUAL INHERITANCES?

If you have more than one child, you’ve probably wondered if you should leave each of your children the same amount in your will or...

Jul 22, 2021
3 min

DO YOU NEED A TRUST?

One of the first questions many clients ask is whether they need a trust. It's a great question, but it leads to another: What do you...

Jun 16, 2021
2 min

MAKE SURE YOUR REVOCABLE LIVING TRUST IS PROPERLY FUNDED

You’ve taken the time to plan for the financial well-being of your loved ones and yourself. You’ve created a customized estate plan to...