A will is one of the most important documents in estate planning. You can draft a will at any stage of your adult life and you can also amend it at any point. One of the key functions of a will is to ensure that your hard-earned savings and assets go to the right...
When someone dies, those left behind often hope to spend as little time in probate court as possible. Probate court oversight can delay the distribution of assets from an estate and diminish what the estate is worth by generating court costs. The minimization of...
Thinking about healthcare can be daunting, especially when it comes to situations where you might not be able to make decisions for yourself. But here’s the good news: it’s never too early to establish healthcare directives. These documents, also known as advance...
When it comes to planning an estate, one of the most delicate decisions a person may face is whether to disinherit someone in their will. This decision is not to be taken lightly, as it can have significant implications for both the testator and their intended heirs....
Most people tend to assume that their parents have everything together. As adults age, they eventually need to confront their own mortality and create an estate plan. Some people fail to draft a will or other testamentary documents. Their loved ones may then face...
When making an estate plan, a trust is a tool that can be used to hold assets. Many people will set these trusts up long before they pass away. They can fund the trust with assets that they own, changing their ownership to the trust itself. A trustee will be appointed...
You may have an heir or other beneficiary you worry about when considering the inheritance that you’d like to leave them. Maybe they are a frivolous spender or they constantly seem to make bad investments. You’re worried about giving them a substantial amount of...
When you have worked hard your entire life and made wealth, you most likely want to pass down as much of it as possible to the people you care about. It is for this reason that most people draft wills. For your will to be executed, however, it has to go through...
Family conflict that arises after a loved one’s passing commonly intensifies grief. Recognizing potential warning signs among your beneficiaries may help you designate your assets in a way that helps facilitate peace. Drug dependence and mental health issues can...
Adults of all ages and personal circumstances can benefit from developing an estate plan. Those who recently got married or divorced, those planning to have children and even those who have acquired property like a home or a business may feel strongly about having an...
