When someone passes away unexpectedly, they probably have a lot of outstanding bills. This can also be true even when the passing is expected. It’s simply very difficult to take care of everything in advance because you can’t necessarily predict exactly when this...
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Estate Planning
Why do people count on trusts for estate planning?
When some people think about estate planning, they only consider wills. They may not automatically think about trusts. There are some very specific benefits that trusts provide that aren’t associated with wills. Understanding a few points about trusts is important so...
Should you wait until you retire to do your estate planning?
You know that you want to make an estate plan because you have heirs that you love, and you're going to pass your assets on to them. In fact, you're hoping to sit down and talk with your heirs about a lot of your assets so that you can all work together to create a...
New baby? It’s time to update your estate plan
It is an almost magical time in your life when you find out that you’re having a child. At the same time, there can be many fears that come with the idea of bringing a child into the world. Among them may be a concern about what will happen to your child if you or...
What qualities should you look for in a power of attorney?
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....
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...
