When you think about estate planning, you probably look into the usual topics. Do you need a will? What kind of trust could you benefit from? How do you want to pass on your assets? Of course, it’s helpful to think about these things, but to try to use a standard...
The trustee overseeing your trust will determine how effective your trust is and how much your loved ones actually receive from the trust. They will have to manage and distribute trust assets while enforcing the rules you put in place when you grafted the documents. ...
To avoid a dispute of your will, you might have thought of including a no-contest clause. Such a clause serves to discourage the beneficiaries from contesting the will since they will end up with nothing should they lose the contest. Unfortunately, such clauses are...
As a young person, estate planning is likely to be the last thing on your mind. Perhaps you have just graduated? Maybe you are a few years into a relationship and plotting the rest of your life with the person you love? Does estate planning really have to be a part of...
As your parents have been getting older, you started to wonder about their estate planning. Maybe they've never mentioned it to you. Maybe they've told you that they're going to get to it later. Either way, you don't think they've done any planning yet, and it makes...
As a parent, few things are likely to be more important to you than the well-being of your children. Generally, this is something that you can oversee until they reach adulthood and beyond. Unfortunately, unexpected events, such as accidents or illness, can occur and...
Having an estate plan is a step in the right direction. However, it is equally important to have it updated in line with changes in your life. Updating your estate plans is in the best interests of your loved ones and your estate, but it does beg the question of how...
When you begin working on your estate plan, one of the things you may be told to do is to talk to your loved ones about your decisions. Though this is often a difficult conversation to have, it’s important that you consider talking to your heirs, beneficiaries,...
If you look at the images used in estate planning advertising, it portrays the ideal goal. You pass away in peace in your 80s or 90s and pass on the wealth you have created to your grown-up children. Yet when it comes to creating an estate plan, you cannot bank on...
Yes, you can make your own will for a meager price. There are hundreds of websites telling you exactly that, and while you can do it, you probably should not. What is wrong with a DIY will? The same that is wrong with a DIY buy online anything. To understand the...
