Your estate plan dictates how your assets will be divided upon your death. This is something that is very personal to you, but it will also impact those you love. Thus, it can be beneficial to discuss estate planning matters with your family before you codify them. Of...
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Month: January 2023
Giving to charity through your estate plan
Estate planning is largely associated with leaving an inheritance behind for your family once you have passed. While this is a fundamental aspect of the process, there is much more to it. During your lifetime, you have always made generous donations to charitable...
Reasons to create your estate plan now
You may be among the many people who believe creating a will or estate plan is only something the extremely wealthy or older individuals need to do. The truth is that this is just not the case. Today, it is more important than ever before to have an estate plan...
Avoid making these estate planning mistakes
Estate planning enables you to ensure that your loved ones receive the assets you intend for them to have after you pass away. There are several components that come together to form a comprehensive estate plan. There are certain mistakes you should avoid when you’re...
3 things you should know about trusts
Creating an estate plan that moves your assets to your beneficiaries when you pass away isn’t always easy because you have to face the fact that you won’t be around forever. Many people think that writing out a will is sufficient; however, that’s not always the most...
Why would you cut someone out of your will?
If you’re creating an estate plan, you do not have to include everyone in your will. But cutting someone out who expected to inherit is called disinheriting them, and it must be done carefully. It is usually best to use a disinheritance clause so that it makes your...
Can you have more than one power of attorney?
If you’re using a power of attorney to choose an agent who can make decisions for you, it’s important to know that there are different types of powers of attorney. For example, you can use a legal power of attorney or a medical power of attorney. One can address...
Picking a guardian for your minor children
While it’s true that much of the estate planning process centers around naming beneficiaries for inheritance purposes, there is much more to it than this. A will and other estate planning documents allow you to provide care options for your minor children should...