Many people come to realize that a trust should be a big part of their estate plan. Some use it as the primary method of distributing assets upon their death, while others find that it’s the perfect secondary tool. Regardless of the approach that you take, it’s important to understand the finer details of creating a trust. More specifically, the … [Read more...] about What are the Duties of a Trustee?
Who will care for your children in the event that you and your spouse pass on before they reach age 18? Have you thought about this, or are you simply assuming that a loved one will step in and ensure their well-being? The last thing you want to do is leave this decision up to the court. Doing so puts someone else in charge, meaning that you … [Read more...] about Questions to Ask a Potential Guardian of Your Children
Creating an estate plan for the first time has the potential to drive you crazy. You know it’s something you need to do, but you have so many unanswered questions that you’re unsure of where to start. Fortunately, once you get together a list of all your questions, it’s much easier to address them in a timely and accurate manner. Here are … [Read more...] about Common Questions Among First-Time Estate Planners
Once you and your spouse tie the knot, your life will change forever. And since it’s your hope that you remain united for the rest of your life, it’s important to create an estate plan with this in mind. If you created an estate plan before marrying, you’ll need to make some changes to ensure that it suits the both of you moving forward. Here’s … [Read more...] about Estate Planning After Marriage: What Should You Do?
The specialty of estate planning is in fact one aspect of elder law, so it is not surprising that it would be categorized out of hand as being something that younger people need not be concerned with. However, this is not entirely true. The minute someone else is depending on you in any way is the minute that estate planning becomes relevant to … [Read more...] about Young Adults & Estate Planning
As a caregiver, you know just how difficult it can be to keep up with your daily responsibilities. In addition to caring for your loved one, you still need to live your life. And with so much going on, it’s not always easy to take care of your own physical and mental health. While there’s nothing wrong with providing your loved one with as much … [Read more...] about Are You a Caregiver? Be Sure to Care for Yourself, Too
In this era of coronavirus, planning is more important than ever. This article includes a brief story about a couple who didn’t plan and the family discord it enabled. Read on to learn more. Avoiding Family Chaos in the Coronavirus Age … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
When creating an estate plan, you should leave no stone unturned. And for this reason, it makes good sense to learn more about the benefits of a durable financial power of attorney. You don’t have to add this to your estate plan, but doing so will protect your finances while giving you and your family peace of mind. Before you get into the … [Read more...] about Don’t Forget to Create a Durable Financial Power of Attorney
It’s a question you’ve probably asked yourself at some point in the past. You know what estate planning is, but you’re unsure if it’s worth the time and effort. While it’s natural to do everything you can to avoid estate planning – as no one wants to think about passing on – it’s something every responsible adult should do. There are many … [Read more...] about Is Estate Planning Really That Important?
Even though you understand the importance of creating an estate plan, it may be something you continually put off. While there’s no legal requirement to create an estate plan, neglecting to do so puts you, your family, and your finances at risk. And that’s not something that most people want to do. Here’s the good thing: once you know why … [Read more...] about Why are You Putting Off Estate Planning?