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Some people create estate plans to make sure their heirs/beneficiaries receive their fair share of an estate or monetary inheritance. However, many individuals don’t bother with establishing a will or trust. Only one out of three American adults have an estate plan....
Is this your first time making an estate plan? You will need to know what’s included in a basic yet comprehensive estate plan before forming a plan of action. The following are common features of an estate plan. An attorney can help you to customize your estate plan...
Incapacitation can occur due to illness, injury, or age-related cognitive decline, and it can leave you unable to make decisions about your health, finances and other crucial matters. Family members and loved ones may face difficulty making decisions on your behalf if...
A will is a complex legal document that outlines many details of what will happen to you and your estate after you pass away or become incapacitated. However, many people have the wrong idea about the finer details of wills. Here are several common myths about wills:...
Estate planning is a crucial move in life for both younger and older adults. It is beneficial in different ways, from leaving inheritances for your loved ones to stating your medical wishes should you become incapacitated. However, the significance of your plan may...
As you age or experience a sudden illness or injury, appointing someone to manage your financial and personal affairs can become necessary. This person, known as a conservator, is typically appointed by a court and is responsible for making decisions on your behalf....
An individual's unique life experiences inevitably influence what they wish to achieve with their estate plans. For many adults, the top priority will be providing resources for children. For others, a dependent spouse will be a main source of concern and a focal...
The variety of options available to you when you begin the estate planning process can easily overwhelm you. It's difficult to know who to listen to and what is best for you when others are telling you what you need and how to proceed. One thing you may have heard is...
Creating an estate plan takes time, but it is worth the effort in the end. With this plan in place, your loved ones know your wishes after you pass away. However, many people put off the estate planning process. You may think you are too young or do not have enough...
When you’re making your estate plans, a critical part of the decisions you need to make is who you should grant your powers of attorney (POAs). Your power of attorney is someone you give the right to make medical or financial decisions (or both) for you in the event...