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...
Estate Planning
Estate planning: Stay in control with advance medical directives
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...
Incentivizing a beneficiary to keep working
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...
Do not let avoidable mistakes wreck your estate planning efforts
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....
A DIY will can expose you to unnecessary risks
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...
5 estate planning myths
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...
3 reasons to make an estate plan
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...
The right way to change your child’s designated legal guardian
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...
What happens to property you didn’t include in your will?
It’s wise to review and update your will and other estate plan documents periodically – particularly when there are changes to your life or family that could affect it. However, it’s not practical to update it every time you buy or receive a new computer, piece of...
Who should be the executor of my estate?
One significant aspect of your estate plan will involve putting others in positions to take on certain obligations if you fall ill or after you pass away. These roles can be stressful and demanding, but they are crucial. As such, it can be prudent to make your...