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If you haven’t done your estate planning, you know that medical emergencies can still happen as you grow older. You may be at greater risk for a heart attack or a stroke, for example. There are things that can happen that will mean you need to be in a hospital or...
Many important decisions need to be made during one's lifetime, including who you want to make decisions for if you can't make them yourself. This is why it's crucial to name a power of attorney. A POA is someone who has the legal authority to make arrangements on...
Many people who are creating an estate plan focus on their physical assets like their home and vehicle. While it’s true that those are the primary concern for an estate plan, there are other considerations that you need to think about whey you’re making the plan....
Even if you haven’t done your estate planning yet, you probably understand that it’s important to do at some point. You may not feel like you have that many assets, but you will have something to pass on. You can also use your estate plan to make medical decisions in...
When you have significant assets, you must do sophisticated estate planning to assure that your heirs and beneficiaries receive the bulk of your estate and that your assets remain protected. One particular tool you might want to employ is a spendthrift trust. Let’s...
You expect your loved ones to take over your estate according to the will you left behind. However, you need the right person for the job. An executor is largely responsible for administering your estate before assigning each beneficiary their portion. As such, they...
Your estate plan is designed to explain what you wish to be done with your assets once you have passed on. It also gives you the opportunity to name your beneficiaries or family members who will inherit your assets upon your passing. From time to time, it’s a good...
Naturally, estate planning does involve some tricky discussions about what happens in the event you become incapacitated, but there is also much more to it. In fact, many of the conversations around estate planning will center around life and the future, particularly...
Estate planning is important. Drafting a will can ensure that your family is secure should something happen to you. Estate planning documents can also ensure that your children are looked after by somebody you trust. You can even factor your beloved pets into the...
No one wants to think about a time when they won’t be around. However, as a responsible adult, it’s up to you to ensure you don’t create a burden for your loved ones when you die or if you become incapacitated. One of the best ways to do this is with an estate plan....