3 important rules for those planning to disinherit family members
There are many reasons why one person might choose to disinherit a family member who expects to receive property from their estate. Perhaps the testator no longer has a close relationship with that...
View ArticleWill a trust protect your assets from Medicaid?
It’s understandable that when someone has worked their whole life and saved their money for a comfortable retirement and to leave a legacy to their heirs, the last thing they want is for all their...
View Article3 estate planning myths to avoid
Estate planning can greatly help people control how their assets are dispersed after they pass away. However, many people don’t make estate plans or even consider making a will because it’s commonly...
View ArticleCan you use an online template to create your will?
Estate planning is a crucial process that involves preparing for the distribution of your assets and the protection of your loved ones after you’re gone. While the convenience of online estate planning...
View ArticleWhy do people procrastinate estate planning?
It’s true that most people in the United States do not have estate plans. Roughly a third of Americans already do, but the rest either don’t plan to make one or simply haven’t done so yet. One of the...
View ArticleMedical care: What happens if you’re incapacitated?
An estate plan has the potential to extend far beyond detailing who will get what when you pass away. When crafting an estate plan, you’ll also want to consider what will happen if you become...
View ArticleRevocable vs. irrevocable trust: which one should you set up?
If you have worked hard all your life, it makes sense to want to leave as much of your assets as possible to the people you love. This is where estate planning comes in. One of the most effective...
View ArticleWhy you might base trust distributions on age
If you’re thinking of setting up a trust as part of your estate plan to leave an inheritance, there are many different ways to do it. For instance, you could choose a trustee who has full discretion to...
View Article4 things you should know about dynasty trusts
Dynasty trusts, also known as “generation-skipping trusts,” are unique vehicles designed to preserve and protect wealth for multiple generations. These irrevocable trusts extend beyond the typical...
View ArticleHow to avoid becoming the victim of an abusive guardianship
If you’re one of the many seniors in this country who is getting into their senior years and has no adult children or close family, you may be concerned about what would happen if you become mentally...
View ArticleCan you have more than one medical power of attorney?
Good estate plans don’t just address what happens after you die. They also try to anticipate your needs before death – including any period when you may be incapacitated and unable to speak for...
View ArticleWho will make medical decisions for you if you’re incapacitated?
When an individual becomes incapacitated, unable to communicate or make decisions due to medical reasons, the question of who will make medical decisions on their behalf becomes a primary concern. Two...
View ArticleWhat is digital estate planning?
Digital estate planning is a relatively new feature of broader estate management that deals with the handling of digital assets after a person’s death or incapacitation. Due to the ways in which the...
View ArticleWhat is a revocable living trust?
A will is often created alongside a revocable living trust. A trust allows you to appoint a trustee who will take ownership of your assets. However, you will retain control over your assets during your...
View Article3 reasons why you need an estate plan
Unfortunately, many people spend more time planning a holiday getaway, selecting a restaurant for dinner or purchasing a new vehicle than they devote to planning their estate. Making decisions about...
View ArticleHow do you locate missing heirs and beneficiaries?
Nothing can slow the probate process down quite like a missing heir or beneficiary that you need to notify. Whether they’re likely to receive anything or not, their “status unknown” can create a lot of...
View ArticleWhat are charitable trusts?
Charitable trusts are an estate planning option that can provide valuable support for charities while still enabling a trust’s creator to support their loved ones. As part of a comprehensive estate...
View ArticleThere are positive reasons to disinherit someone
When someone gets disinherited, it means two things. First, it means they had a reason to expect to inherit. They are either a family member of the person who is making the estate plan or they are a...
View ArticleWhy should young adults draft a will?
Estate planning is often thought of as something that only elderly individuals need to do, but this is far from the truth. Estate planning can help adults of all ages to better safeguard their...
View ArticleDo you need to review your will after your divorce?
Divorce is one of the reasons to update a will. But do you need to remove your ex-spouse from your will? Is there a risk to keeping them? Here is what to know: Revocation by dissolution of marriage In...
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