If you took a gap year, you may have come across a few young travelers who had more money than most and did not need to work to fund their endless vacation. They were able to do this because a kindly relative had left them a regular supply of money through a trust...
Most estate plans do not include business succession plans for the simple reason that most people do not own their own businesses. Even among those who do, they may not add the business into the plan because they fully intend to sell it and retire long before passing...
When a loved one dies, it’s hard enough to handle all of the emotional fallout that comes along with your loss. It’s even harder, however, to try to manage a problematic situation with the estate’s executor. You can challenge the executor of your loved one’s estate...
The elderly are not the only ones who should do estate planning. It can be helpful for young people, as well, especially young parents who just had their first child. Anyone can benefit from creating an estate plan, and people should never put it off for later. That...
People who engage in estate planning will have a different focus during the process depending on their current stage in life. For example, young professionals and new parents will likely focus their estate plan on protecting their children by naming a guardian and...
You do not have to do your estate planning alone. It’s something you can do with the rest of your family, as a joint effort that includes a lot of family conversations. After all, the plan you put in place is going to impact them in many ways. Why not give them a say...
When an adult goes missing indefinitely, their family members can wind up in a particularly difficult situation. Unless someone has power of attorney authority or is a cosigner on various accounts and assets held by the missing individual, family members and loved...
If you initially wrote a will when your child was born, you may want to update that will when they turn 18. This is the bare minimum; it is often wise to update the will far more often than that. However, like having a child initially, seeing that child become a legal...
As people age, it is possible for them to experience cognitive decline. In some cases, people develop conditions like Alzheimer's disease that affect their ability to function safely without support from others. Sometimes, age itself will simply impact their memory...
There is a lot to think about when creating an estate plan, including what will happen to your estate immediately upon your death. Your goal is to plan for every situation imaginable, while also protecting your loved ones to the best of your ability. And that’s why...
