Practical Experience And Legal Knowledge Guiding You
Your estate administrator or estate executor has a lot of responsibility. This is the person you choose to execute your estate plan. You do get to draft the plan – writing a will, setting up a trust, etc. – but it doesn’t take effect until you pass away. That’s when...
Every adult needs an estate plan -- and not just because it gives them control over how their assets are distributed. By making a comprehensive estate plan, you protect yourself, as well as your beneficiaries and heirs. Here are five parts of an estate plan you should...
Losing a relative can be emotionally challenging, and dealing with the probate process can add stress to an already difficult situation. This is perhaps especially true where the deceased did not leave a clear will or testament, or their will was created when they...
With the rapid growth of digital technology, ensuring proper estate planning for digital assets has become increasingly important. From financial accounts to social media profiles, digital estate planning encompasses a broad array of online assets that can potentially...
Estate planning isn’t something that people talk about frequently. You may have no idea if your parents have actually made an estate plan or not. At the same time, you may be very interested in finding out. Perhaps you’re worried about disputes in the future or maybe...
Money and other assets are important considerations in the estate planning process, but that’s not all there is to it. In your will, you are also able to name a guardian who can look after your child should something happen to you before they reach adulthood. This is...
If you’re making an estate plan, you probably started by considering your assets. They need to be passed down to your beneficiaries, moving wealth to the next generation. This may have been the bulk of your focus when writing a will and using other estate planning...
Estate planning can present numerous challenges. Totten trusts, known as payable-on-death accounts, simplify transferring assets. They allow individuals to pass on specific financial accounts without the complexities and delays of traditional estate planning. Totten...
Over the past decade or so, estate planning has expanded beyond physical assets and financial accounts to include digital assets, leading to the emergence of digital estate planning. This relatively new aspect of estate planning involves managing and arranging for the...
One thing that many people fail to do with their estate plans is to make regular updates. It’s recommended that you update your estate plans every three to five years to help ensure new assets and investments are accounted for. Testators have made changes to their...