Creating an estate plan is essential to managing your assets after you pass away or become incapacitated. Wills, a power of attorney and advanced healthcare directives provide peace of mind for you and your loved ones. Still, without certain provisions, your entire...
Estate Planning
How old is your estate plan?
One of the biggest issues that beneficiaries and executors face is an outdated estate plan. Many testators go many years without updating their estate plans. As a result, an old estate plan may not include newer investments and changes promised by the testator. While...
3 estate planning facts that you may not know
Many people don’t create valid wills, which leads to dying intestate. Intestate can create a lot of difficulties for heirs. Without a valid will, there are no instructions left behind that detail the testator's last wishes and how they wish for their assets to be...
What should be in an estate plan?
Creating an estate plan is one of the most important things you can do to provide for your family’s financial future. However, the thought of making one can seem like an overwhelming task. But once you understand the key components of what to include, you can break...
Estate planning for single parents
As a single parent, it is crucial to have an estate plan in place. The last thing you want is for your children to be without legal guardianship or financial security should you become incapacitated or pass away. Taking the time now to develop an estate plan will...
What is a power of attorney in estate planning?
Estate planning is not all about planning for your death. It also involves anticipating unforeseen eventualities like incapacitation. When you cannot act independently due to an accident or illness, a power of attorney document can come in handy. Many assume their...
When should you update your estate plan?
When it comes to ensuring long-term financial security for yourself and your loved ones, an essential part of preparing for the future is having a comprehensive estate plan in place. Having an estate plan can help give you peace of mind that everything from healthcare...
3 options for the home in an estate plan
If you’re doing your estate planning, the family home can get tricky. On one hand, this can certainly be a sentimental item. It may be the same home where all of your children grew up. There are a lot of family connections there and memories within the home. At the...
What can you do to prevent a will contest?
You do not want to leave your loved ones squabbling over your estate when you are gone. It's probably one of the reasons you have a will. However, do not assume that the probate process will be a smooth affair and that everyone will go home happy. A family member...
Do you need a living will in your estate plan?
A will is the most basic of estate planning documents and something that everyone would benefit from creating. The other documents people add to their estate plans are also valuable, but often people perceive them as being less universally necessary. Living wills are...