Imagine your loved ones fighting over your estate after you're gone because someone claims you weren’t mentally fit when you created your will. While the thought may feel unsettling, it’s a reality many people face. When creating a valid and legally enforceable will,...
After drafting your estate planning documents, you need to store them safely. A location that does not pose difficulties when you want to go through or update your documents. So, where should you keep your documents? Here are some options to consider: A home safe...
Every adult should have an estate plan to protect their legacy and loved ones. But this is not the case. A significant percentage of Americans have not drafted an estate plan. This means many people have not planned for incapacitation or death. Here are three common...
You can name someone to take care of your child when you become incapacitated or die. If you don't name a guardian and are unable to take care of your child, the court will appoint an eligible person, which typically is the nearest ascendant in the direct line of the...
While it’s not pleasant to think about incapacitation, planning for it is an essential step in safeguarding your future and easing the burden on your loved ones. Whether due to illness, injury or aging, incapacitation can leave you unable to make decisions about your...
Have you considered what happens to your estate after you pass away? With an estate plan, you can decide who will benefit from your estate. One key document you can add to your estate plan is a trust. A trust allows you to arrange for the distribution and management...
If you’re preparing for or in the midst of divorce, you may not be thinking about how it affects your estate plan. If you are, you may have it down as something you’ll get around to dealing with after the divorce is final. The thought of looking at even more legal...
When writing an estate plan, you have to consider what life will look like for your child if you pass away unexpectedly. Often, young parents will decide to address their estate plan right after a new child is born because they suddenly have a different outlook on the...
There is a lot to consider when estate planning, so it is easy to forget things. One thing you don’t want to forget is any of your assets. Leaving assets unaccounted for could cause problems when you pass. Here are two sets of things to remember to account for:...
An executor should work closely with the beneficiaries when performing their duties. But this is not always the case. These two parties can conflict, which can result in serious measures, such as the removal of the executor. Below are two factors that can contribute...