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Trusts can serve as the primary testamentary instrument of an estate. They can also help people protect their assets or provide for a loved one with special needs. There are several important considerations when creating a trust. Those considerations include choosing...
You might not think of writing your own obituary as part of your estate planning. However, increasingly, people are doing that. Even if you plan to stick around for many more years, writing your obituary can be a good way to look back on your life, realize all that...
If this is the year you’re finally going to put an estate plan in place, you may be considering one of those online estate planning websites you’ve seen advertised on television. A do-it-yourself estate plan may seem like all you need if you don’t have especially...
Selecting the right executor is a critical decision when preparing your estate plan. This person will manage your assets and follow your final wishes after you pass away. Financial literacy is a key trait to look for in an executor. Executors must act in the best...
Losing a loved one is never easy. Besides the emotional turmoil, there are practical matters to attend to, such as settling their estate. One of the first steps you may encounter in this process is understanding the difference between probate and non-probate assets....
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...