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Unfortunately, estate planning often falls low on the priority list for many people. This is especially true for individuals who feel like they’re still young, healthy and far removed from the end of life. Unfortunately, delaying the creation of a will or trust can...
When naming an executor for your estate, you can choose a loved one or a professional party, such as your attorney or bank. Which of these two options is most suitable? Here is what you need to know to make an informed decision: Expertise Executing an estate requires...
Irrevocable trusts are often seen as unchangeable, but there are certain circumstances where modification is possible. If you are a beneficiary or a settlor of a non-charitable irrevocable trust, you might be wondering if there is any flexibility in adjusting its...
An estate plan may consist of numerous documents ranging from wills to powers of attorney. Those documents may name beneficiaries who can receive the testator's assets, a personal representative to administer their estate and people they trust to care for them in the...
Have you ever considered what would happen to your most valuable asset if something unexpected happened to you or your loved ones? Would your family be able to keep the house, or would it be lost to creditors, taxes or other external factors? A Qualified Personal...
One of the hardest parts of being the executor of someone’s estate is coping with the emotions of the deceased’s family members and friends. When people are grieving, they can act in unusual ways – and some heirs and other family members may get demanding. With that...
As the executor of your loved one’s estate, you have a lot of duties to handle – not the least of which is preserving the estate’s assets. To that end, it may fall to you to clean out your loved one’s home. Since much of what the home contains may be part of the...
Many older adults eventually turn to Medicare for crucial coverage as they age. Older adults who need to have nursing support in their homes or to move into nursing home facilities typically pay thousands of dollars per month for the assistance they require. Medicare...
Adults establishing or reviewing an estate plan often focus on a few key details. Ensuring that they have made arrangements for their most valuable assets is often a priority. People worry about retirement savings accounts, real property, vehicles and businesses....
As a grandparent, you likely dream of helping your grandchildren achieve their educational goals. A robust education can open doors to countless opportunities and foster personal growth. But with the skyrocketing costs of higher education, many families struggle to...