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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...
A power of attorney is an estate planning document that gives power to someone else to make decisions for you. For instance, you could set up a financial or legal power of attorney if you need to allow someone to do things like accessing bank accounts, paying bills,...
Estate planning can be as complicated or simple as an individual’s unique needs. Some people simply create a will, while others create a variety of different documents. Those who are part of more complex family scenarios and who have more resources to pass to others...
An estate plan helps people instruct how their assets are distributed after they pass away. Anybody can make their estate plans once they become a legal adult. Many testators make their estate plans as early as possible. An estate plan that’s made early is often...
You already understand the importance of creating an estate plan that includes a will, trusts, powers of attorney and advance directives. But have you put any thought into your digital estate plan? As technology progresses, our lives become increasingly digitized....
Estate planning tools have varying functions and rules, yielding different benefits based on how they work. Some people might be familiar with wills, but some could benefit more from other estate planning options, such as living trusts. Trusts are formal written...