A large part of an estate plan is about naming beneficiaries, which many people often assign to close relatives and friends. Other parts of the estate plan can include the executor of the estate, powers of attorney and child guardian. These are very important roles...
It is always a dramatic scene in a movie—loved ones are gathered around an attorney, waiting to hear the family patriarch's last will and testament. There is shock and anger as people discover they have been cut from the will, and much drama ensues. In real life, a...
You should be commended if you have already created your estate plan. After all, more than half of Americans have not taken the time to plan for their death or incapacitation. But if you believe that once you have created an estate plan, you can place it in a safe...
Do you ever feel concerned about your medical care if you become unable to make your decisions and speak for yourself? It is a common concern for many as they approach their senior years. Advance medical directives can empower you to shape your future health care...
Are you worried that leaving an inheritance is going to cause your beneficiary to stop working? Maybe you’re leaving them enough money that they could instantly retire. You’re happy to be able to provide this type of financial security, but you’re worried that they...
As you likely know, estate planning is a means of arranging for the distribution of your assets after your death. It is critical to have such a plan to help ensure that your loved ones receive their inheritance and to protect them from needless financial hardships....
In today’s digital world, do-it-yourself (DIY) options for creating legal documents, including templates for wills, are readily available online. They may seem cost-effective and convenient, but they can expose you to pitfalls that may have serious consequences for...
Making an estate plan is among the most forward-thinking actions anyone can do while alive. However, estate planning is a challenging procedure, and people frequently get it wrong. As a result, you might have received inaccurate information about how estate plans...
Estate planning is not a very comfortable topic for a lot of people, and you may not have given it much thought until now – but every adult over 18 years of age really should have one. There are many benefits to making an estate plan. Here are the top three: 1. You...
When your child was born, you and your spouse had the incentive you needed to create a will and to name the person(s) who would take over the care of your child in case you both died before they reached adulthood. Having someone who has agreed to take on that role and...
