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Many people don’t make estate plans while they’re young. This is often believed because estate plans are perceived to only focus on what happens after someone passes away, which may not happen for years still. However, there are many benefits of creating an estate...
There are many ways to transfer your property to your beneficiaries when you die. A will is the simplest and arguably most popular means of planning for the descent of personal property. Many people may execute deeds or make transfer on death arrangements for...
Your estate plan might not be top of mind if you’re planning to divorce. However, if you have one (and you should), you’ll likely need to make some modifications to it. Your plan should reflect your needs and wishes now and after divorce. Some changes can be made...
One thing that people are often trying to avoid when making an estate plan is a future dispute between their heirs. Maybe they have seen examples of other families having a falling out that lasts for life, all based on some disagreement over the estate plan. They do...
Trusts are useful estate planning tools that can help you prepare for the unpredictable nature of aging. The trust that you plan and fund now can offer you stability in your golden years and also protect your legacy after you die. Trusts can help you limit how people...
You know that your children are naturally your beneficiaries and expect to receive assets when you pass away. Estate planning is simply the process of figuring out how you want to divide those assets and making a guiding document to do so. But imagine that you have a...
Life is messy, and sometimes the things a person is dealing with when they die are left for their loved ones to deal with. For example, what if the deceased was facing criminal charges when they passed away? If a person who’s convicted of a crime is appealing that...
If you have an estate plan, you've already taken a critical step to plan for your future. Many people don't have a plan at all, so there's no structure in place to help their families. However, it is important that you don't forget about your estate plan and just...
The thought of estate planning may seem overwhelming, but it doesn’t have to be that way. A simple will can easily be paired with a trust. This will help to ensure that your beneficiaries are the recipients of your assets when you are not here to speak for yourself. A...
In an estate plan, the executor is the person who is in charge of carrying out a person’s final wishes as stated in the will. For instance, the will may list which beneficiaries should get which assets, and then it is the executor who gathers those assets and ensures...