At some point, many of us will be passing retirement assets on to our heirs. But do you know the best ways to do that, especially if you don’t want to open those assets up to creditors? We’ll take a look at a few of the estate planning options to protect IRA assets even after you’re gone.

One helpful advanced estate planning tool—and one we commonly use at Family Estate Planning Law Group—is the Irrevocable Life Insurance Trust, or ILIT. We’ll look at the benefits of this type of trust and learn more about using it effectively.

If your retirement plan includes the sale or transfer of your business, make sure it maintains or grows in value before you put it on the market.

A GRAT can make sense for some estate plans, even in cases where the estate won’t need to pay federal estate taxes.

It’s easy to talk with loved ones about happy events, but conversations about end-of-life wishes are more important than you might think. You can avoid arguments and hurt feelings if you communicate with your loved ones now.

Estate planning for business owners isn’t complete until it includes a succession plan. Successful entrepreneurs often find it hard to consider handing over the reins, but it’s crucial to begin thinking of what would happen to your business if you weren’t around.