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There are certain estate planning considerations that most people recognize. Parents with young children may decide to create estate plans specifically to ensure the safety and well-being of their children. They provide financial support and name a guardian. Those...
When someone passes away, their estate typically goes through probate. This is the process of distributing assets. If there is no estate plan, the distribution is done in accordance with state law—this is known as dying intestate. If there is an estate plan, then the...
It's vital to prepare your beneficiaries for their inheritance. Anyone receiving a large inheritance or assets that could majorly affect their financial standing can make costly mistakes. But you can help your loved ones avoid such mistakes by preparing them. Here is...
You carefully crafted your will years ago, ensuring your wishes were clear. But what about the life events that followed? Is your will still an accurate reflection of your intentions? Keeping your will up-to-date is crucial for peace of mind and ensuring your loved...
When crafting your estate plans, you want your assets to provide a safety net for your loved ones, help fund their future goals or give them a boost in life. However, you may be concerned about how your heirs might handle a substantial sum, especially if they do not...
As a parent, one of the most loving acts you can do for your child is to make sure that you have a plan for them in case something happens to you before they’re grown. That means getting your estate plan together and choosing someone to nominate as your child’s legal...
People enjoying their retirement years frequently make choices based on not just their own comfort but also on a desire to leave a legacy for their loved ones. Providing children, spouses and even grandchildren with practical support is a common goal for aging adults....
Dying without a will is called dying “intestate.” When a person dies intestate, they do not have control over how their assets are managed or distributed. Intestate can create many problems for your family and friends – yet, it is estimated that over half of U.S....
Is it better to hire a professional executor than to appoint a loved one? This is a question you may have when looking for an executor. Professional executors, such as an attorney, a bank, an accountant, or a trust company, are experienced. They have worked with...
Do you ever feel like you’re falling behind with estate planning? Maybe you know that you want to write a will. Maybe you’ve already thought about which beneficiaries are going to get certain family heirlooms or how you want to divide your money among your children....