As part of your estate plan, you want to pass your main bank account on to a specific beneficiary. You may be giving other financial or tangible assets to other beneficiaries, but now you’re looking to incorporate this bank account into the plan. That being said, you...
A will is the starting point of any estate plan. This document outlines the testator’s intentions in terms of how their assets should be divided upon their death. On top of that, a will can also name guardians who look after minor children in the event of the parent’s...
An advance health care directive or living will is one of the documents you should draft when estate planning. With this document, you can state your medical care wishes to be observed in the event of incapacitation. Below are five issues that you’ll want to address...
Creating an estate plan is filled with major decisions that can impact your life and the way you’re able to care for your loved ones after you pass away. While you may think about leaving things to your beneficiaries through a will, there’s another option to consider....
Some people do not want life-saving medical care in certain situations. They would not like to be resuscitated if they stop breathing, for example, or if their heart stops beating. There are many reasons why people choose this, from personal religious reasons to...
No one wants to think about the possibility of being critically injured or seriously ill and being in a hospital in a coma or otherwise unable to communicate with their medical providers. If that were to happen, however, most people would want a trusted family member...
Many people believe that estate planning is only necessary for the elderly or those with life-threatening conditions. However, adults of all ages can benefit from making an estate plan, including young adults. While it isn’t something that most people like to think...
If you are like most American adults, your digital assets, including social media accounts, digital photos and videos, online banking and investment accounts, email accounts and material stored in the Cloud, likely play important roles in your daily life. Have you...
If you have a will, then you are already ahead of most Americans. The majority of adults in the U.S. have yet to address their estate plan. Nonetheless, a will is something that needs to reflect your current needs and wishes. Over the course of even a year, many...
A power of attorney is a legal document that you can add to your estate plan to give someone else the ability to make decisions for you. For instance, you are generally the only one who can access your financial accounts. But you can use a power of attorney to give...