Drafting a will is one of the most important aspects of the estate planning process. A watertight will can do so much for you and your loved ones. You can pass on inheritance and nominate legal guardians to look after your minor children should something happen to...
You’ve probably seen a lot of articles on how to talk about your estate plans with your adult children – but what about your teenagers? While not adults with adult ways of thinking, today’s teenagers are hyper aware of the realities of death. Almost every teen knows...
Like many people, you likely created your estate plan early in life. After many years, your estate isn’t what it once was – you own more property, you built up your savings and people have come and gone in your life. You don’t have to keep the same estate plan you...
Naming an executor is one of the most important tasks when creating your estate plan. They will have considerable responsibility and a certain amount of freedom when handling your affairs after you die. If they fail to do a good job, it will complicate things for your...
Estate planning is a much more complex and challenging process when you have a family member with special needs to consider. Parents who have special needs children and those who serve as a guardian for a vulnerable adult will have more concerns to address in their...
You may have understood the value of adding powers of attorney to your estate plan even when you were a young professional. You named someone that you trusted to handle your financial needs and someone else to make medical choices. The protection provided by powers of...
Planning for one’s death is a grim process at any age. For some people, the thought is so unpleasant that they will resist this task even late in life. Here are a few tips for talking to parents who are procrastinating their estate planning. Go light on the pressure...
As you get older, it is natural to start thinking about what will happen to your assets when you die. One of the most important estate planning tools you can use to dictate your wishes regarding your assets is a trust. A trust allows you to transfer some of your...
All adults must ensure they get their estate plans in order so their loved ones can get the assets that are intended. There are several mistakes that might be made when you’re making the plan. Ensuring you don’t make any of these is crucial. Mistakes can cost the...
Estate plans are often thought of as something that’s only necessary if you’re wealthy or have a family. It’s imperative that all adults, even those who are single. Getting your estate plan together when you don’t have a spouse or children enables you to lay out who...
