Blog
Should You Put Your Car in a Trust?
At Duncan Legal, PC, we understand that estate planning involves making important decisions about your assets—including your vehicles. Cars, trucks, motorcycles, and even recreational vehicles require careful consideration when determining whether they should be...
Navigating Business Succession Planning
At Duncan Legal, PC, we understand that planning for the future of your business is essential. In today's evolving regulatory landscape, including new rules like the Corporate Transparency Act, it's more important than ever to ensure your business succession plan is...
Choosing a Guardian for Your Minor Children: What You Need to Know
No parent wants to imagine a future where they're unable to care for their children, but planning for the unexpected is one of the greatest gifts you can give them. By naming a guardian for your minor children, you ensure they will be raised by someone who aligns with...
What Happens If You Don’t Have an Estate Plan?
We often discuss the benefits of estate planning, but understanding the consequences of failing to plan is just as important. Without a proper estate plan, your assets may not be distributed according to your wishes. Here's what can happen if you don't have an estate...
Is Long-Term Care Insurance Right for You?
As we age, the possibility of needing assistance with daily activities becomes a reality for many. Long-term care insurance (LTCI) is one way to prepare for such needs, offering financial support for services like home care, assisted living, or nursing home care. At...
Beneficiary Designations: Why Keeping Them Updated Matters
When it comes to estate planning, beneficiary designations are a critical yet often overlooked detail. These designations determine who will receive your assets—such as retirement accounts, life insurance policies, and bank accounts—upon your passing. Keeping them...
Your Legacy is More than Just the Money You Leave to Loved Ones
When we hear the word legacy, many of us think of money left to people and institutions that have come to mean the most to us over the course of our lives. But your legacy is much more than that. Legacy Estate Planning includes your memories, values, wisdom, family...
Think Twice Before Deciding to Serve as Trustee
If you have been asked to serve as a trustee, chances are you were initially flattered by the request. After all, it is quite an honor—a parent or loved one thinks highly enough of you to entrust you with managing a significant portion of their life's savings....
Curating Your Legacy: Estate Planning for Collectors
For those who have spent years curating a collection of art, antiques, or rare items, passing it on requires more than just a simple clause in a will. These collections often hold significant monetary value, but their true worth lies in the passion and personal...
End-of-Year Estate Planning Checklist
As the year draws to a close, it's the perfect time to review your estate plan and ensure it's aligned with your goals and the latest tax laws. Proactive steps now can help minimize tax liabilities, maximize gifting opportunities, and set the stage for a smooth...