As artificial intelligence (AI) continues to evolve, many people are turning to online platforms and AI tools to draft legal documents, including estate plans. While using AI to create a will or trust might seem like a fast and cost-effective approach, doing so is...
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Estate Planning
Can beneficiaries also serve as witnesses to will signings?
Wills help establish an individual’s legacy. A testator provides instructions about who may manage their estate and who might inherit from it. The terms included in a will tend to be deeply personal, but they can also have a lasting legal and financial impact on other...
Should you stagger trust disbursements?
When you’re thinking about a possible future for your child where you’re not around to provide the love, guidance and financial support they might need – setting up a trust naturally comes to mind. But, how can you best set up a trust for your progeny that will...
How to “divorce-proof” your child’s inheritance
If you’re like a lot of parents whose adult children will be inheriting considerable assets when you pass away, you probably have emphasized the importance of getting a prenuptial agreement before they tie the knot to help protect those assets should their marriage...
What is undue influence?
It is not always a legal issue if someone has an influence over another person’s estate plan. For instance, an elderly parent may intentionally discuss the estate plan with their beneficiaries, looking to get feedback so that they can create a plan that works well for...
Estate planning for young adults
Estate planning is just as important for young adults as it is for senior citizens. Once a child reaches eighteen, parents lose legal authority to make decisions or access information about their child without consent. If a medical emergency occurs, parents may have...
What should you know about trusts in your estate plan?
A trust is a valuable tool that you can use to manage and distribute your assets. As part of a comprehensive estate plan, trusts can offer flexibility, privacy and other benefits for you and your beneficiaries. Unlike a will, which has to go through probate, a trust...
Why your estate plan should be regularly updated
Drafting an estate plan is an important step. However, it is not a one-time event. Life can change quickly, and an estate plan should always represent your current wishes. Failing to update your estate plan could mean that your wishes aren’t honored in terms of your...
Godparent versus guardian: What’s the difference?
When your child was born, you put a lot of thought into who to name as their godparents – so why do you have to worry about naming a legal guardian in case you die before they become an adult? Isn’t your child’s godparent the same thing? Won’t they automatically step...
Use estate planning to prepare your children for their inheritance
Ask anyone, and they would tell you they would rather have their parent than any inheritance. After all, no money in the world can replace the parent-child bond. Still, even though most children understand that they will receive some legacy from their parents, few...