Once you have your estate documents created, what do you do with them? Many individuals decide to store these legally binding documents in an online dropbox instead of in a safety deposit box or a file folder in a safe in their home. Storing your estate planning...
Society often conditions us to believe that estate planning is just something senior citizens do. That's definitely a misconception. Every adult, no matter whether they just turned 18 years of age or 80 years of age, should take part in this process. It involves much...
Your most valuable assets will probably receive the most careful planning when you think about your estate and your legacy. People put a lot of effort into how they allocate their homes, their investment accounts and their other significant property in their last...
You can use many different types of trusts when doing your estate planning. One is an incentive trust. It is not nearly as common as other types of trusts, but does it bear considering? An incentive trust essentially works by connecting an inheritance to a specific...
Agreeing to serve as the executor of an estate is like taking on another part-time job in addition to whatever work you do and your responsibilities for your family. The testator whose estate you handle will likely have made arrangements to compensate you with some...
Creating a will is an important part of getting your estate plan together. While you might assume that you can include anything you want in the will, there are some that shouldn’t ever be part of a will. Making sure that you have everything in order when you’re...
Someone’s will can provoke a number of disputes between their heirs, especially when there are allegations that the testator (the person who wrote the will) either lacked the appropriate testamentary capacity to make the will valid or was subject to undue influence...
As you plan for your golden years, you probably envision yourself living independently, traveling or spending a lot of time with your favorite family members. While an optimistic outlook in life is beneficial, it may not be very helpful for you during estate planning....
When an elderly person in your family begins to need support, it’s vital for you and your family members to step in to protect them. One of the risks as they age is that they could be exposed to those who would abuse them or take advantage of them. Fortunately, you...
Many individuals often use the terms heir and beneficiary interchangeably. They don't mean the same thing, though. It’s important to understand the difference between the two terms as you begin your estate planning. An heir is someone related to a deceased person. An...
