Estate Planning

When a person dies, their debts don’t automatically disappear. Instead, the responsibility for settling the decedent's debts falls on their estate.  There are very few exceptions, but loved ones typically don’t have to pay for the debts of someone who passes away....

Estate planning can be complicated. There are so many considerations you’ll need to make that it’s very likely you’ll forget some key details.  It’s not uncommon, however, for people to forget to do something with their estate plan. The following are several things to...

It’s not at all uncommon for people to have multiple residences around the country. People may live in one state most of the year, then head to warmer territory and a second home in the winter. Or, they may own vacation homes that they use irregularly throughout the...

A will is a fundamental aspect of any estate plan. This legal instrument allows you to pass on an inheritance to those who you love most. You can also make provisions to take care of your children and much more.  That being said, a will must be legally sound to...

Estate planning is crucial for everyone. It ensures your loved ones receive their inheritance without conflicts. In addition, it proclaims your wishes should you be unable to make vital decisions. It is essential to revise your plan when you experience a change in...

Due to its association with death, estate planning is something that people can be hesitant about. In fact, some studies suggest that over half the adult population in America has yet to address their estate plan.  Simply put, this means that the loved ones of...

Creating an estate plan is the responsible thing to do. The average estate plan includes multiple documents, including a will, an advance medical directive and power of attorney. With everything that goes into creating an estate plan, you may not realize some issues...

If you are named as the executor of an estate, it is essential to know your duties. An executor is responsible for wrapping up the deceased's affairs and carrying out their final wishes. There are many things to consider when administering an estate, so it is...

Creditor claims can be a major complicating factor during estate administration. The more debt someone has, the less property they can pass on to their loved ones when they die. In most cases, the right of creditors to demand repayment supersedes the right of family...

If you have worked hard your entire life and made wealth, it only makes sense to figure out how to protect it. One of the most effective estate planning tools you can use to protect your legacy and loved ones’ future is a trust. Besides reducing the value of your...