Why Trusts End Up in Court (And How to Avoid It)

Trusts are powerful estate planning tools designed to help avoid probate, reduce taxes, and provide privacy and control over the distribution of assets. A trust should help streamline the estate process and help prevent court involvement when created and managed correctly. But unfortunately, that’s not always the case. Despite best intentions, some trusts still end…

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Estate Planning After 60: Preparing for Healthcare, Long-Term Care, and Retirement Security

As we grow older, our priorities may shift from building wealth to protecting what we’ve earned and ensuring a secure, dignified future. Estate planning for seniors goes beyond drafting a will—it involves thoughtful preparation for healthcare decisions, long-term care needs, and retirement income. At Cannon Legal Firm, we understand how essential it is to plan…

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Why Estate Planning Is Important as a Young Adult

When you hear the term estate planning, you might automatically think it’s something reserved for older adults with significant assets, a home, or children. But the truth is, estate planning isn’t just for the wealthy or elderly. It’s a smart and essential step for young adults to take—especially as you start building your future. Here’s…

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Guardianship: Deciding on the Future of Minor Children

As a parent, ensuring the well-being and security of your child is one of your most important responsibilities. However, life is unpredictable, and it’s crucial to have a plan in place in case something happens to you. This is where legal guardianship comes into play. Establishing a guardian for your minor children can ensure that…

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Estate Planning Strategies for High-Net-Worth Individuals

For high-net-worth individuals (HNWIs), estate planning is not just about distributing assets—it’s about preserving wealth, minimizing tax liabilities, and ensuring a lasting legacy for future generations. A well-crafted estate plan can help protect your financial interests, reduce estate taxes, and prevent legal complications. Here are key estate planning strategies tailored for HNWIs. 1. Establish a…

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Estate Planning for Unmarried Couples: Protecting Your Future Together

Estate planning isn’t just for married couples or those with children. In today’s world, more couples are choosing to live together without tying the knot. Whether you’re in a long-term relationship or just starting out, it’s crucial to understand how estate planning can protect both you and your partner. Without proper planning, unmarried couples may…

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How Divorce Can Impact Your Trust and Estate Planning

Divorce is a life-changing event that affects many aspects of your financial and personal affairs, including your estate plan. If you have a trust in place, it’s essential to review and update it after a divorce to ensure that your assets are protected and distributed according to your new wishes. Failing to do so could…

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Tips to Minimize Family Feuds Over Personal Property with Your Estate Plan

1. Create a Detailed Inventory Start by compiling a comprehensive list of your personal property. You can include sentimental items such as jewelry, heirlooms, family photos, and valuable assets like art collections or antiques. This inventory may serve as the foundation for a clear and equitable distribution plan. 2. Communicate Your Wishes Don’t leave your…

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Settling a Loved One’s Estate: A Comprehensive Guide

Losing a loved one is an emotional and challenging time, often compounded by the responsibility of managing the estate. Settling an estate involves navigating legal, financial, and administrative tasks to ensure the deceased’s assets are distributed according to their wishes. At Cannon Legal Firm, we understand how overwhelming this process can be and aim to…

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