Estate planning is complicated, but a well-thought-out plan can give your loved ones peace of mind and provide for them, long after you are gone. The best way to avoid estate planning mistakes is by enlisting the help of an attorney. It’s easy to forget a detail that...
In the process of estate planning, many individuals focus solely on the legal aspects, such as drafting a will to distribute their assets and appointing an executor. While these legal considerations are undoubtedly crucial, it is equally important to recognize the...
You don’t want to go through all the time it takes to create a plan to protect your loved ones, just to have it riddled with errors that end up causing them stress and headaches in the end. Whether you’re creating your first plan ever, or updating an existing...
The most important documents to have in your estate plan are your will, a trust, power of attorney, medical directives, and beneficiary designations. These documents make it easier for your loved ones to manage your care during incapacity and to settle your estate...
Estate planning is important for everyone, no matter their age or wealth. Estate planning avoids taxes and legal tie-ups and ensures funds are bequeathed as you wish. An estate plan appoints the right people to take care of your kids and even you if you’re...
Let’s break down the differences between a joint owner and a beneficiary. It sounds complex but is actually quite simple – the distinction is based on whether the person has access to funds now or later. Joint ownership is particularly common between couples or...
