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Many people decide to establish an estate plan to protect themselves or their close family members. However, people may have responsibilities to others beyond their immediate family members. Those who have started or purchased businesses or professional practices may...
If one of the few times you have your adult children gathered in one place is over the holidays, you may find this the best time to discuss your estate plan. If you’re anticipating putting your plan in place in the new year, it can be helpful to everyone to share your...
Increasingly, people aren’t just considering their human loved ones in their estate planning. They’re including stipulations for the care of any pets who outlive them. This is crucial for those who don’t have relatives living nearby who can take their animals....
Receiving a terminal diagnosis is an emotionally overwhelming experience. This scenario often prompts a reevaluation of one’s priorities, including the need to address estate planning concerns. While the thought of managing legal and financial matters during such a...
Most people might benefit from using a trust as part of their estate plan but many people might avoid creating one because they view trusts as complex or expensive. Testators unfamiliar with the advantages of trusts may forego their creation and rely on simpler estate...
When your first child was born, it changed the way you thought about the future. You always wanted to make sure that you could provide for that child. As a result, you took out a life insurance policy. If anything unexpected happened to you, you knew your child would...
It took time and dedication to build your business. While you hope it will always be a part of your family's legacy, it's important to remember that situations may occur that will affect its continuity, such as lawsuits, divorces, and family disputes. One way to...
Estate planning is commonly associated with elderly individuals and those suffering from serious illnesses. However, the truth is that estate planning can benefit all adults, including younger ones. Outlined below are a few reasons why younger people should consider...
Too many people don’t consider their pets when they’re developing their estate plan. They assume they’ll outlive their animals and that if they don’t, one of their relatives will take them in. They may even get a promise from someone that they will. Unfortunately,...
If you own a small business, you probably spent considerable time and effort building it and making it successful. Now that it is thriving, it may be time to think about what might happen to your business when you die or if you become incapacitated. Estate planning is...