Estate Planning

One of the most common mistakes people make with estate planning is failing to update the plan. People will create a plan when they are relatively young, being proactive about planning for their future. However, they will then neglect that plan for decades. When they...

In some cases, those who are developing an estate plan are worried about what would happen if they passed away relatively soon after putting that plan in place. Some of the beneficiaries that they have selected may still be children or teens. While they do want to...

Testators creating estate plans frequently worry about conflict after they die. Parents may worry about their children fighting over their property. Testators might even anticipate a particular family member contesting their will due to family conflict or a personal...

A trust is an estate planning tool that can provide long-term support for children and other dependents. People can possibly even leave a multi-generational legacy with proper planning and funding. Some people might assume that they are not in a position to establish...

Estate planning is not only for the wealthy or elderly. It is a practical step for anyone who wants clarity over how their assets and personal decisions are handled in the future. Trusts are often a central part of this planning and can offer structure and protection....

A power of attorney is a document that gives someone else the ability to take certain legal steps on your behalf. You can authorize someone to make legal decisions, financial decisions, medical decisions and much more. If you become incapacitated, then this person...

As you make your estate plan, you carefully consider what assets you want to leave to your adult children. You may have family heirlooms or items with sentimental value that you want to divide deliberately to avoid conflicts. You may also need to determine how to...

People who are creating an estate plan have various options they can use to ensure their assets are passed to their intended beneficiaries. One of these is trusts, which are set up as either revocable or irrevocable.  A revocable trust is one that the creator can...

If you’re a young single adult living on your own for the first time, you’re probably finding out that adulting is hard. You have to pay rent and utilities, do your own grocery shopping and schedule your own dental appointments. You should also add estate planning to...

When creating a will, one of the most important decisions you’ll make is who should act as your executor. This is the person who will manage your estate and handle everything after you pass away.  Naturally, you want to appoint someone you deeply trust, such as a...