You may be wondering whether your parents have an estate plan in place and how comprehensive it is. As you know that a lack of planning can cause many problems for a family when someone passes away, you may understandably want to know if they have addressed this...
Providing Peace Of Mind
For You And Your Family
Month: February 2023
Anxious heirs, sticky fingers and estate administration
You’ve been named the executor of someone’s estate, and you feel honored to be trusted with the position. You fully understood what the job entails – or, at least, you thought you did – right until a few of the heirs expressed their anxiety about a few personal...
Do your loved ones know about your crypto assets?
In recent years, cryptocurrency has become an increasingly popular asset class, with many people investing in various forms of digital currencies. While this type of investment can be advantageous, it also raises important questions about how and when to disclose your...
What will happen to my bank account if I die?
Death is a reality of life that we cannot avoid, and while it is a complex topic to discuss, you need to plan for the future to avoid unnecessary complications for your loved ones. One crucial aspect to consider is what happens to your bank account when you die....
Why shouldn’t you draft your own will?
A will is a legal document that details what should to your estate after you pass away. You could have your spouse or child inherit the entirety of your estate, for instance, or you may want to distribute it evenly between siblings, children, family and loved ones. At...
What’s involved in changing your child’s legal guardian?
Recently, we devoted a blog post to things to consider when choosing the person who would be the legal guardian for your child if both you and their other parent were to pass away or become too incapacitated to care for them. What if, for any number of reasons, that...
Have you been named as an executor?
Has a loved one named you as the executor of their estate? This is not an easy role, and it can be overwhelming. From legal paperwork to taxes, there are many details to look after. It's a big responsibility, but there are steps you can take to ensure you correctly...
Can you keep your estate out of probate?
When it comes to managing your affairs upon death, having a plan in place can make all the difference. One option that some people explore is keeping their estate out of probate. Proactively avoiding probate does require the right preparation and paperwork, but if...
Why do young adults need an estate plan?
Many Americans are – very understandably – under the impression that estate planning is a task that only some adults need to pay attention to. Older individuals, parents of young kids and wealthy individuals have clear estate planning needs. Yet, it is important for...