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People create trusts as part of their estate plans for many reasons. Perhaps they have a family member with special needs or a history of substance abuse that they want to protect from the risks of a lump-sum inheritance. Maybe they have a blended family and want to...
When you’re making your estate plans, addressing bank accounts and other major possessions is usually pretty easy. You’re only talking about money (or things that can easily be liquidated). But, what about all the rest of your stuff? If you’re like most people, you...
As an adult, it is crucial to consider your healthcare and potential complications. Advance directives can help ensure that no matter what happens in the future, you can still make decisions about your health care. However, sometimes someone other than yourself may...
You've worked hard to build financial security for yourself and your loved ones. And it is probably frustrating to think that protection could be lost. However, there is a way to protect your assets from creditors, lawsuits and other risks. Asset protection as part...
Taking someone out of your will can be a challenging thing to do. However, some situations may call for disinheritance. But, should you inform the person you want to disinherit about your decision? This guide discusses this matter and may give you a few things to...
Estate planning can be beneficial to all adults. The process centers around putting your final wishes into legally binding documents. This way, your assets can be distributed according to your wishes upon your death. One term that you might have heard is trust. What...
Estate planning is a legal process that can make your final wishes legally binding. A fundamental component of any estate plan is the will. This document allows you to pass on instructions about who should inherit your assets. Once you reach the age of 18, you are...
Trusts are useful inclusions in many people's estate plans. They can help someone achieve their personal legacy goals, from setting up a charitable resource for disadvantaged college students to providing for a family member with special needs. The intent of a trust...
Two documents related to the estate planning process that are discussed most frequently in popular culture are wills and trusts. If you are getting ready to craft an estate plan, you may be wondering about these two consequential legal resources. Do you need both of...