Practical Experience And Legal Knowledge Guiding You
Your will declares your wishes concerning your estate. But you need to appoint an executor to ensure your wishes are fulfilled. The challenge you may experience when doing this is whether to pick a family member or a non-family one. Here are three factors to keep in...
Writing a will is crucial as you state your wishes and protect your loved ones. However, you need someone who will ensure everything you wish is fulfilled. And that's an executor. Executors have a vast range of functions besides executing the will. They will take the...
Some families are more open with each other about money than others. If your family doesn't like to talk about those things, you may see no reason to tell any of them about your estate plan, and they might not dare to ask. Unfortunately, that could cause problems...
If you have just welcomed a newly-born member of your family into the world, congratulations! While it can be very difficult to think about the risk that you might not be around to enjoy watching their life unfold for decades into the future, the responsibility that...
Estate planning is a major move to make, as you get the opportunity to distribute your estate according to your wishes. When writing a will, you will include your loved ones as beneficiaries and the assets they will inherit. However, one may start making moves that...
Many people have debts when they create their estate plans. Many will still have debts when they die. If you have debts, will they expire when you do -- or will your heirs have to pay them? Here's what you need to know: It depends on the specific debts Federal student...
Many people forget that an estate plan can help you when you’re alive, not just help your family after you’re already dead. Putting the necessary measures in place now prepares for bouts of ill health later. Here’s what you can do: A healthcare power of attorney is...
The stakes associated with executing a will are high, so you’ll want to get it right. There is little point in making a will only for your loved ones to discover that it isn’t enforceable. Here are four reasons that your will may not function as you intended 1. You...
Waiting to receive assets can be frustrating for the loved ones of someone who recently died. They may feel probate is taking too long and push you, as the executor, to move things along a bit faster. You probably wish that you could hurry things up, but that’s not...
If you have already created an estate plan, you should be congratulated. Widespread estimates indicate that only one-third to one-half of the adult American population has invested time and energy in this way. However, it's also important to avoid falling into the...