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Blended families have become more common in recent decades. People with children from prior relationships may combine their families into one blended family unit. Often the focus during that process is on the logistics of everyone living together and how the...
Estate administration involves distributing the property that belongs to a person who has recently died. Typically, the personal representative of an estate notifies the probate court of an individual's passing and submits the will or other estate planning documents...
All adults should have an estate plan, but creating it isn’t as easy as some may believe. Many people assume that their Will is enough to distribute their assets. It’s critical to ensure that all aspects of your estate are set up properly so your wishes can be...
Most people understand that estate plans can protect their spouses and dependents after they die. People may not understand that estate plans also provide protection for the testator drafting the documents. There are certain estate planning documents that can take...
Estate administration requires that personal representatives locate wills when possible. They typically have to follow the instructions provided by the decedent in their estate planning paperwork. If there is no will, then they must follow the guidelines established...
Becoming a parent often brings new meaning to the idea of planning ahead. From choosing the right school to saving for college, you make every decision with your child’s well-being in mind. But some of the most important decisions, like who would care for your child...
In some cases, an estate plan attempts to split things up equally between beneficiaries. A parent may ask what sentimental items each child wants in advance. They may divide up all financial assets equally and split them between their beneficiaries. Even tangible...
Making decisions about what happens after you’re gone isn’t easy, but it’s one of the most meaningful gifts you can leave your loved ones. Taking the time to make your wishes known can help spare your family confusion, conflict and unnecessary stress later. When...
When you think about estate planning, you probably think of wills and inheritances — documents that only matter once you are gone. But the truth is, a solid estate plan can also protect you while you are still here, especially if something unexpected happens. If you...
Businesses can be a valuable source of income, not only for those who set them up, but for their families, too. Business succession planning can help to increase the chance your business will continue to provide your family with income after you step aside through...