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Just about everyone should have an estate plan. However, these plans ideally are as unique as the people who create them. As such, they require different levels of estate planning guidance. If your estate will include considerable and/or complex assets, you’ll want to...
An estate plan serves several purposes; one of the most important is being able to relay the creator’s wishes about who will receive which of their assets. Some people choose to use their will to do this, but there’s another option that might work—trusts. Trusts are...
Every adult should have at least a basic estate plan that includes an advanced healthcare directive, a simple will, and other documents which detail who should be in charge of your estate and who will take possession of your property. But there is another kind of...
Choosing a personal administrator—also known as an executor—is one of the most important decisions you can make when estate planning. This individual is responsible for managing your estate after you pass away, ensuring that debts are settled, assets are distributed...
Probate is the court-supervised process of validating a will, paying off taxes and debts, and distributing assets to beneficiaries. It may sound straightforward, but it’s not always the case. Probate proceedings can be expensive and take months or even years to...
Many people don't have a will or any other estate planning documents. Some people procrastinate because they haven't finished having children or want to wait until after they buy a house. Others convince themselves that they don't need an estate plan at all. They...
Every adult should have an estate plan. But some life changes can make the need for it even more urgent. And one of them is becoming a new parent. When you have a child, it's crucial to protect their future using an estate plan. Here is how you can do this: Name them...
A simple estate plan might only include a will. Many people simply want to name a guardian to care for their children or choose specific beneficiaries for their assets. Others hope to obtain more thorough protection when they invest in estate planning. They want to...
Estate planning can be a sensitive topic. Considering the distribution of your assets after you pass is of course the central concern, but family conflicts over inheritances are unfortunately common. However, there are steps you could consider to minimize the risk of...
A business or successful professional practice can be a strong incentive to draft an estate plan. It can also be a major complicating factor during the planning process. Frequently, business owners need to make appropriate arrangements to ensure that the right people...