As you create a will, you’ll slowly begin to realize just how many benefits it’s bringing to your life. From the peace of mind to the ability to outline what happens to your assets upon your death, you can make a lot of headway with your estate plan by taking this one...
Estate Planning
Estate Planning
Remember to plan for long-term healthcare
When drafting a comprehensive estate plan, people may overlook the cost of long-term medical care. Medical advancements will allow the Baby Boomer generation to live 20 to 30 years after retirement age, but probably not without complications. About 70% of those over...
3 steps to estate planning with the family in mind
When designing an estate plan, parents usually draft their wills and life insurance policies to extend a benefit to their children upon death. Over time, as their children eventually have families of their own, parents often revisit these plans to make adjustments...
Equal distribution among children isn’t always the best estate planning advice
Parents often bend over backwards to treat their children equally so as not to imply that one child is favored over any other. This is particularly true when parents make estate planning decisions – specifically, how their assets will be divided when they die....
4 estate planning mistakes to avoid
While just about everyone could benefit from having an estate plan, very few people do or even know where to start. The right estate plan will protect your assets and loved ones in the event of your death. However, any errors in your plan could leave your family in a...
How should parents split the inheritance among their children?
Most parents understand the value of a well-crafted estate plan. These legal documents help families process death and come together during a challenging time. A thorough estate plan helps reassure families, letting them know that, even in death, their parents are...
Don’t forget to include your digital assets in your estate plan
In today’s digital era, so many aspects of our personal lives exist in the digital realm. But even though many vital records, collections and assets live exclusively on the web, many people neglect to add their digital assets to their estate plans. Without including...
4 common myths about planning your estate
Estate planning isn’t the most cheerful business, but it is essential for safeguarding your assets and loved ones. However, as important as estate planning is, common misconceptions prevent people from planning for their end of life. Here are some of the most common...
The Purpose of Avoiding Probate
When someone dies with a will, their will is admitted to what is called "probate." Probate is the court-supervised legal procedure where a will is proven to be valid, the decedent's debts and claims against the estate are paid off, and lastly, the remaining assets are...
Asset Protection: Shielding Assets from Threats
Unfortunately, there are individuals out there who abuse the legal system to deprive others of their life's work. In this highly litigious society, millions of people file lawsuits against physicians, attorneys, entrepreneurs, corporations and wealthy individuals for...