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You’re interested in leaving an inheritance to some of your family members, such as adult children or grandchildren. At the same time, you may be concerned about their behavior or the choices they’ll make moving forward. You want to find a way to encourage what you...
Estate planning, unfortunately, is not the norm. Roughly two-thirds of all people in America, according to some studies, do not have an estate plan. Some of this is due to age. For many people, the issue isn’t that they don’t want to write a will or that they don’t...
Creating your estate plan enables you to outline your wishes for your estate after you pass away. Determining the most appropriate way to pass assets to your beneficiaries is one of the major decisions that has to be made. One option for passing down assets is...
Wills are among the most powerful legal instruments individuals ever create. A single document can potentially determine their long-term legacy and how people remember them. A will can control the distribution of hundreds of thousands of dollars in personal assets....
Losing a family member is a challenging time, both emotionally and practically. Handling their estate can seem overwhelming, but understanding the necessary steps can ease the process. This guide outlines five essential steps to manage a deceased loved one's estate...
Not everyone fully understands the importance of an estate plan. They may assume that the only legal document they need is a will. In reality, an estate plan is much more comprehensive. Not only does it cover the distribution of your assets after you die, but it also...
The majority of American adults haven’t done any estate planning. It may be due to confusion and misconception regarding the purpose and process. Therefore, it’s essential to address some of the myths about estate planning so people can make an informed decision. Myth...
An estate plan can provide guidance for people during difficult times when grief could understandably affect their decision-making capabilities. A will can let families know how to distribute the property of a deceased individual. Advance directives can help ensure...
You can use a trust for many purposes in an estate plan. For instance, a special needs trust can protect assets for a beneficiary without disqualifying them from government benefits. An incentive trust can give beneficiaries specific goals that they need to meet. But...
When your last child leaves home, the emotional shift is clear, but what’s less obvious is how much your legal needs change, too. The plan you created when your kids were young likely focused on guardianship or financial support, but now that they’re adults, those...