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...
For the period an estate goes through the probate process, the executor runs the show. That’s who the testator entrusted with handing down the estate to the heirs. Since they are tasked with gathering all of the estate's taxes and paying out debts and other...
An estate plan or will should be an accurate reflection of an individual's last wishes. People can decide how to split their property among their loved ones and establish a meaningful, lasting legacy based on their own thoughts, not the desires or demands of other...
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,...
You have a parent or grandparent who passed away and left a considerable amount of money in a trust for you. However, there are conditions for being able to access that money. Maybe there are a lot of them or perhaps you believe the conditions are unreasonable. Is...
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...
No one is eternal, and providing for your demise is crucial to ensure everything does not grind to a halt when you go. You should account for all your assets in your estate plan. Yet, saying who will get something is not enough. The Harvard Business Review found that...
However much video calling has kept your family in touch during the past two years, some things are best done in person. One of those is a discussion about estate planning. Once your kids grow up and leave home, getting them all together in one place can be...
