Much of what your estate plan focuses on is what happens to your estate after you pass away. This can be beneficial for your family and loved ones who may otherwise fight over your estate. Yet, your estate plan also has one crucial aspect that decides what happens to...
People often make estate planning mistakes, especially when they try to do the whole thing on their own or they just put it off for too long and rush through it. These mistakes can make things a lot harder for their family and their heirs. If you’re creating your...
Most people would agree with the statement that adults preparing for retirement should have an estate plan already in place, but beyond that, there is little consensus regarding when adults should create their estate plans. Some people will say that estate planning...
Who do you pick? You need to name an executor to your estate. Your children come to mind. Two of the three seem like potential candidates. The third? No way. You love your youngest son, but his life has been filled with pitfalls, financial struggles and general...
When pondering the details within a will, choosing a legal guardian for your children represents one of the most important decisions. The right choice will set your children on the path you had envisioned if you were still alive. You also understand that the legal...
Divorce involves many legal procedures, and you may be wondering whether you need to make some changes to your will as well. Now that you are not legally married, you do not want your assets and property to go to your ex-spouse. However, even if you had appointed your...
It's likely that you already have a good idea of how you would like your estate to be distributed at the end of your lifetime. If you have a complex family that includes stepchildren or estranged children, you may not intend to distribute your estate equally among...
When most people decide to create an estate plan, they automatically think about the person or people they want to receive their property, such as a house or business. In the past, all that was included in a will or trust was money or property. However, in this day...
Your assets reflect a lifetime of hard work and self-denial, as you saved or invested what you made instead of just spending on frivolous creature comforts. It's only natural that you have specific wishes and intentions for the money you've earned and the possessions...
Death and finances are often taboo, especially among older generations that grew up less wealthy. Children who awkwardly bring it up can come off as greedy. Transparency is crucial when discussing estate planning because it offers a sense of relief for loved ones and...
