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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...
While many individuals have the necessary plans to distribute their assets to loved ones after death, few have things covered in the event of incapacitation. It is equally important to be prepared for such unforeseen possibilities. Incapacitation refers to the...
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...