You do not have to leave an inheritance directly to an heir. You don’t have to cut them a check for $100,000, for example. Nor do you have to leave their inheritance vulnerable to creditors and disputes by articulating your wishes via your will. You can, instead, put...
Estate planning is a crucial step that all adults should consider doing. And some life changes can motivate you to do so, such as having a child. An estate plan is not all about distributing inheritances – it consists of several documents that protect your wishes,...
An estate plan is a legal document or set of documents that outline an individual's wishes regarding the distribution of their assets and the management of their affairs in the event of incapacity or death. While there is no one-size-fits-all estate plan, specific...
There are many reasons why you might want to set up a trust. Perhaps you want to make sure your children inherit your assets, or you want to protect your assets from creditors. Whatever the reason, trusts can be a valuable tool for estate planning. What are the...
When you pass away, there is always a risk that your family could get into arguments or disagree about how to handle your estate. It’s important to take action and to look into ways to prevent arguments or will contests, for example, so your passing can be as peaceful...
A will is an essential part of any estate plan. With this document, you can detail how your assets are distributed upon your death. You can also nominate legal guardians for your children and much more. As with any legal instrument, a will must hold under legal...
Many people put off writing their will because it’s often believed to only be useful later in life. This misconception has caused trouble for many heirs when their loved ones suddenly face health complications at a young age or are in fatal accidents. But, more...
More and more often, people have digital forms of media. They may have invested a significant amount of money in a collection, and it may also have sentimental value to the heirs from times spent enjoying this media together. For instance, your grandparents may have...
If a loved one left a will they wrote themselves or maybe with the help of an online “do-it-yourself” will-maker, there could be some issues – even if they had it witnessed and notarized so that it’s a valid document. It’s not uncommon for people to include...
An estate plan is a great thing to have in place, but you do need to remember to make updates occasionally. Life changes and you don't want to have an estate plan that is 20 years out of date. It is possible to simply make these updates on a set schedule. Maybe you...
