All adults need at least the basic documents essential for estate planning — a simple will, an advanced directive (or living will) and a medical power of attorney. Of course, the older you get and the more items of value you acquire during your lifetime, the more your...
A loved one passed away recently, and their estate is in probate. That process is being managed by the estate’s executor (known under the law as the “personal representative” of the estate), whom your loved one designated in their estate plan or the court appointed....
Most of us wonder how anyone could be so callous as to cheat a senior citizen out of their life savings. Unfortunately, there are plenty of unscrupulous people who would do just that. If you have elderly parents, you likely worry about them and wonder how you can...
One of the best ways to plan for your family’s future after you pass away is to draft an estate plan. This provides guidance and instructions, telling your family what you would’ve wanted. It can address things like medical care, end-of-life care, the division of...
Knowing you have a will in place can give you incredible peace of mind. Keeping it safe from a challenge or contest feels even better. A common reason for will contests is family concerns about the testator's mental soundness. This could be a particular risk if your...
Arguably, the most important document in an estate plan is a will. A will is a legal document that instructs your last wishes, including who is responsible for distributing your assets and who should benefit from your estate. A will is not the only document you can...
An estate plan provides an opportunity for a testator to create a legacy. Many testators try to maximize the value of the assets that they pass to their loved ones, possibly by proactively planning for taxes, debts and other liabilities that could diminish the value...
Estate planning with cryptocurrency involves unique challenges due to its digital nature and decentralized system. Cryptocurrencies, such as Bitcoin, Ethereum and other digital assets, require special considerations to ensure they are included in your estate plan...
The first step to planning your estate is often creating a will. A will can help decide how you would like your estate to be handled after you pass away. Once you have made your will, there may be things you still need to do. Here is what you should know: Ensure your...
Many people use this as the main or only method of transferring their wealth when they die. If you own a business, you may want to write in your will that you are leaving it to a particular person, such as your son or daughter. You can certainly use your will to do...
