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Creating a trust is often a smart move. You can use this legal and financial resource to shield assets, avoid probate when passing them on and otherwise control the ways in which they’re used, depending on the kind of trust you opt to set up. Whether you can move...
When it comes to estate planning, understanding the formalities involved can help to better ensure that any documents you – or a loved one – create are ultimately legally enforceable. What, for example, happens if someone’s wishes are written on a napkin? Can such a...
Growing older often leads to a slow decline in overall health. People may develop a host of different physical and cognitive challenges as they age. They may require expensive medical care to ensure their health and safety as their health changes. While they may...
The arrival of a new grandchild can be a joyous turn of events. Understandably, this kind of “new addition” to a family often prompts grandparents to reflect on their legacy and how they can most effectively provide for their family’s future. If you’ve already...
All adults should have an estate plan that outlines what they want to happen if they become incapacitated and when they die. For some people, an estate plan is very simple and only includes a will and powers of attorney. For others, there’s more planning that’s...
When it comes to estate planning, trusts stand out as a powerful tool in securing your assets, wishes and legacy. This document offers numerous benefits, from bypassing the lengthy probate process to ensuring your loved ones remain cared for even when you are no...
There is a lot to consider when planning for your death. Once you have chosen who you want to leave your assets to, you probably want to look for a way to do this as efficiently as possible. Doing it without an understanding of tax laws or things like tax-free gifting...
Most people leave some or all of their estate to their children. Yet not everyone wants to do this. Sometimes people have reasons to wish to leave one or more children absolutely nothing. It could be due to a falling out, or because that particular child does not need...
It is fun and exciting to travel, but preparation is always wise. For many people, this can mean getting traveler's insurance or hiring someone to watch over their pets. These tasks are important, but it’s important not to overlook another critical travel preparation...
A living trust is one of the most powerful and flexible estate planning documents. It can prove invaluable during your lifetime and protect your preferences upon death. You may know it as a tool to bypass probate, but it can do so much more for you and your loved...