Most people focus on their assets when they’re creating an estate plan. There’s another component of estate planning that you need to think about when you’re trying to get everything together. This has to do with taking care of your affairs if you’re incapacitated....
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Estate Planning
Can you leave part of your estate to your pet?
Your children and your real estate aren't the only considerations when you create your estate plan. Whether you have a dog, a cat or a macaw that will live for several more decades, you may want to provide for your companion animal when you plan your estate. The idea...
3 reasons families fight over a will or trust
Everyone has good intentions when putting together their will or trust. You may want to ensure your children’s education is funded, your spouse can live comfortably and your friend has a nice summer home. You may put away something special and meaningful for everyone...
3 estate planning tips to reduce family fights when you die
The money that you have earned and saved throughout your professional life will become your legacy when you die. You can create an estate plan that assigns belongings to specific family members so that the people you love from a lifetime of hard work and sacrifice are...
Who should be the executor of your estate?
Assigning an executor for your estate is an important role in having your final wishes granted. The executor ensures your estate is distributed how you intended after your death. Dying without having an executor in place puts the job in the hands of the court. This...
How exactly do trusts work?
Trusts have been in existence since time immemorial, yet many people still do not know how they work. Think of a trust as a legal arrangement you enter with a third party to administer and control your property or assets on your behalf. Usually, the end goal is to...
Why your will should be specific
You know that it can cause a lot of problems for your family if you pass away without a will. Your children are adults themselves, so you don't need to worry about those points of your estate plan, but you know that a will is the easiest way to pass your assets on to...
Check these 2 things in your estate plan if you divorce
The problem with many people’s estate plans is that they are out of date. The best way to ensure your estate plan is current is to read through it once a year to check. The more often you review it and update it as needed, the less likely you or your family discover...
When is it appropriate to contest a will?
If someone you love has passed away and left a will behind that you believe has been tampered with or doesn’t represent your loved one’s wishes, then you may be in a position where you’re considering contesting the will. A will contest is serious, because it asserts...
3 solutions for choosing a trustee while estate planning
Creating a trust is an increasingly popular estate planning solution. It gives the testator more long-term control over what happens with their property and reduces the likelihood of a probate court challenge. A trust can also protect your property again creditor...
