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You’re getting older, and one of the things you want to do is make sure you have a good estate plan in place. You want to be sure that the people you assign as your powers of attorney or executor are able to take on the roles and carry them out successfully. You also...
Estate planning can feel daunting but once individuals have addressed the matter, they tend to feel much better. Nonetheless, estate planning is not a one-and-done event, because life is constantly changing and evolving. A sound estate plan needs to reflect these...
You pay tax on your income as you earn it and on your property as you acquire it. You may even have to pay taxes on the value of your assets when you file your income tax return every year. The idea that there could be yet another tax that applies to that property...
As you look at your belongings and assets, your family and other aspects of your life, you may ask yourself if you’re too young to put together an estate plan. Whether you’re 18 or 81, it makes sense for you to have an estate plan in place to protect you, your assets,...
It may have been a couple of years since you wrote your first year. Many events happened between your first will and today - you may have married, had a child, bought a home or even lost a loved one. Your will may seem a little obsolete now that you built up an estate...
Life can get rough, really fast. You never know when you could be involved in a serious car accident that leaves you comatose or taken suddenly ill and unable to speak for yourself. In those situations, people rely on someone with their health care power of attorney...
If you are worried about how your heirs will manage your estate once you are gone, a revocable trust can help you address these concerns. Here is how it works. After establishing a revocable trust and appointing someone to manage it on your behalf, you can then...
Estate planning is something that some people try to avoid. After all, it can be upsetting to think about serious injuries or death. It is important for you to consider creating an estate plan, though. Even if you think one is unnecessary, you may be surprised to find...
You’re a young couple who’ve spent the last few years building a life together. Factored into this are your young children, who are now your top priority. You may have given little thought to estate planning. While you’re young and healthy, why would you think about...
Creating an estate plan gives you control over your legacy when you die. You can provide for those who depend on you, control what happens to your property and even make gifts to charitable causes. Your estate plan can also help if you experience a medical emergency,...