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Far too often, individuals assume that estate planning is best left to those who have reached a certain age or achieved a certain level of financial security. In fact, estate planning should be completely independent of your age, health or wealth. No matter your...
As executor of an estate, you have a lot of responsibilities. You have to secure the property of the deceased and communicate with all of their family members. You need to file paperwork with the probate courts and eventually distribute property to the various heirs...
Are you in a long-term relationship with a partner that you expect will continue, perhaps for the rest of your lives? You may feel, as many couples do, that there’s no reason to get married. However, without that state-sanctioned marriage and the associated rights...
Celebrities may seem larger than life, but they’re not above making mistakes that impact their loved ones after they pass away. There have been dozens of celebrities who have passed without good estate plans in place, and the issues that arose as a result flooded the...
Many people haven’t ever thought about what would happen if they become incapacitated, but this is something that deserves consideration. If you’re incapacitated, you’ll need someone who can pay your bills for you. You may also need someone to make health care...
A trust is an estate planning tool that makes it easier for you to pass assets down to your heirs. When you create a trust, you can place stipulations on who will receive the assets and when they will get them. One thing that you must remember, however, is that trusts...
Executing an estate is challenging, but you get the satisfaction of seeing assets pass from one generation to the next. If you are one of those receiving assets, so much the better. Yet, what happens if you discover the person who died had nothing left to give? An...
If nothing else, 2020 reminded us that nothing is guaranteed in life. No matter what your plans are, circumstances beyond your control can wipe them out. People also spent a lot more time at home than usual, with plenty of time to consider their mortality and their...
The probate process can be an overwhelming experience, especially if you have never handled an estate before. There are all kinds of obligations for an executor, including notifying family members and filing paperwork with the probate court. Handling the financial...
Trusts are valuable tools for those who have a specific legacy they would like to leave behind when they die. All too often, your wishes and plans could wind up undermined by the actions or preferences of the people you name as beneficiaries or heirs. They could waste...