Going on vacation is the highlight of the year for many people. Some people take it a step beyond normal vacation planning and opt to purchase a timeshare. These are legally binding transactions in which the purchaser buys a share of a vacation property. The...
Getting your estate plan in order as early as possible in your adulthood is an important task, but it’s one that can be daunting. Taking the time to carefully consider how you want each component in the plan set can help you to ensure that it accurately reflects your...
Establishing a special needs trust for a child or other loved one with a debilitating medical condition is a clever estate planning move. When properly structured, special needs trusts can provide years of financial augmentation for those incapable of independently...
Parents love their children equally, but they also realize that each child has unique strengths and weaknesses. One child may be creative while another is analytical. It may be tempting to name your more organized, financially savvy child as the executor of your...
During estate planning, testators generally make arrangements for the protection of their dependent family members, such as spouses and children. They also establish beneficiary designations so that specific people inherit the resources from their estate after their...
Contrary to what many believe, talking to your family about your estate plan is typically far better than keeping it all a secret. After all, in most cases, it will affect them as much as you. Here are some of the things you should consider discussing with your...
Addressing an aging parent’s estate plans can be challenging for everyone. People have had it drilled into their minds that it’s impolite to discuss money, politics and religion. While avoiding the latter two may still be wise, it’s never a good idea to avoid...
As you likely know, creating an estate plan is a crucial step in ensuring your assets are distributed according to your wishes. However, as your life evolves, you may need to update or replace your existing estate plan components. Keeping your plan current is wise,...
As a minor child's parent, you need to think about their future when estate planning. In addition to leaving them an inheritance, you should choose a guardian to raise them to adulthood in case something happens to you and their other parent. Your child's guardian...
Is it time to update your estate plan? Many people change their estate plans every three to five years. After about five years, many people have new assets they want to add to their estate plans. However, an estate plan can be changed at any time. Some people alter...
