There are many complicated and even frustrating tasks required during estate administration. The process helps ensure the fulfillment of a decedent's personal obligations and the proper distribution of their resources. The personal representative of an estate has to...
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Month: June 2024
When should I update my will?
Drafting a will is often a good place to start if you are creating an estate plan. It can effectively relay your wishes and instructions concerning your assets, which will take effect after you pass. Aside from terms involving your properties, it could also help you...
How trusts help married adult children protect their inheritances
Most parents choose to leave inheritances for their own children, not their in-laws. Even those who come to love their sons-in-law and daughters-in-law do not view them in the same way that they view their own progeny. There's always the possibility that a married...
Asset protection for older adults
Nobody wants to spend time in a nursing home. However, 70% of Americans 65 and older will eventually need some skilled care. Many times, it is a short stay, such as recovering from an illness or while rehabilitating after surgery. But there are others who will...
Why is it so important for parents to make an estate plan?
While all adults should have an estate plan, it becomes even more important once you become a parent. The reason is you now have responsibility for someone else’s life, not just your own. And you are going to have that until they turn 18. It’s not just a legal...
What provisions can you make for family pets in an estate plan?
Do you have beloved “fur babies” that you’ve come to acknowledge as part of the family? Did you know you can make provisions for your family pets in your estate plan? Whether you have a couple of dogs, a family cat or even a horse or two, to help ensure that they’re...
Estate planning must-haves for your child with a disability
If you’re blessed with children, one of your top priorities is likely to help ensure their well-being. This priority can take on an added dimension if you have a child who is differently abled. You want to help ensure that all your children will be fine even if you’re...
Do you need a will if you don’t have a spouse and children?
It’s a common assumption that people create wills to pass their assets to their children when they die. Therefore, many individuals without a spouse or offspring may feel they don’t need to create a will. However, having a will is crucial for every adult for multiple...
Should you use an online estate planning tool?
Life is busy and going through the estate planning process seems like one more item on our never-ending to-do list. So, it’s understandable that using an online estate planning template is tempting. Using an online template has its advantages, but it’s essential to...
4 common digital estate planning mistakes to avoid
In today’s technologically advanced age, people's lives are increasingly digital, making it necessary to consider digital estate planning when preparing wills and end-of-life directives. However, it is important to understand that the digital estate planning process...