Estate planning is the process of anticipating and arranging for the management and disposal of your estate during your lifetime in preparation for your future incapacity or death. This planning involves wills, trusts, powers of attorney, and so on. The following tips...
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...
It’s recommended you update your will every three to five years or each time you have a major life event. These life events include a marriage, divorce, death, birth of a child, etc. If you’re in the “have it done but need to update it” camp,...
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...
