No one ever wants to think about, or plan for, a time when their parents are no longer with them. It’s often too painful to think about and it’s hard to watch them get older. If your parents have started to talk to you about their will or what to do with their house...
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Estate Planning
The consequences of having an outdated estate plan
Estate planning is essential as it ensures that after someone dies, their property goes to the intended beneficiaries. Unfortunately, most people view estate planning as a one-time thing. However, it is essential to update your estate plan regularly. There are...
Where should you keep your will?
After drafting your will, you should keep it in a safe location. The executor you appoint should not have difficulties finding it when it needs to go to probate. Nonetheless, it should be a private place. This guide discusses four locations you should consider to keep...
3 things to do after you update your will
Your first will may not be the one that will be submitted to probate. You may need to update it when circumstances change. You can do this either by revoking your existing will and creating a new one or writing a codicil to supplement your current will. What should...
How can you update a will?
Life will continue after you have written your will, making it outdated. Thus, you need to update your will when things change. This may not mean omitting or adding information to your existing one. Since it's a legal document, you need to take certain steps to make...
Should you name an alternate executor in your will?
When writing your will, you will appoint an executor to ensure your wishes are fulfilled. In addition, they may be in charge of all your estate documents. Thus, you need to pick a reliable party. Nonetheless, it may also help to have an alternate executor - this is...
Why should you think about having a revocable living trust?
When it comes to estate planning, the number of options available can quite easily make the whole process feel overwhelming. How are you supposed to know just exactly what you need and what’s right for you, your family and your assets? Family and friends might be...
What couples should know about “joint” wills
You and your spouse have decided that it’s time to do your estate planning. You’ve been married for many years, and just about everything you have is jointly owned. You want a simple will that allows you both to leave everything to the other spouse if you predecease...
Why do small business owners need an estate plan?
As a small business owner, you’ll know that the weeks, months and even years go by in a flash. There’s always something that requires your attention and you’re often wearing a number of different hats every day. Being so busy can mean that you don’t get the chance to...
Do you need a digital estate plan?
During the summer of 2022, Forbes Magazine printed an article entitled “New Estate Planning Rule: Don’t Leave an Electronic Mess.” In a nutshell, this is the key concept behind the evolving area of the law known as digital estate planning. Most Americans now spend a...