A will is an essential part of your estate plan. This legal document tells the executor how your assets should be divided. You can also include provisions about who should take care of your minor children if you die. Nonetheless, there are enforceable wills and those...
Trusts and wills are both useful estate planning tools. However, each has its pros and cons that you ought to know about when planning for the future of your estate. It could help you make the right call, depending on what you want to achieve with your estate. Here...
When you have a child with special needs, you never stop thinking about the future – even after they’ve reached adulthood. While your child may have government benefits to pay for their personal needs, you end up providing a lot of “extras” out of your own pocket that...
Estate planning can feel daunting for many people. After all, nobody relishes the prospect of thinking about their own death. However, there is so much more to estate planning than this. It can be used to make your life much more enjoyable while you’re still around. ...
Most people assume that estate planning is meant for older people or those who have a serious illness. While that may be true, it doesn’t mean that a young person who is working and making a decent living should wait to create a plan. The truth is you're never too...
You may have heard that estate plans, despite being needed by everyone at some point, are not actually all that common. It’s been estimated that 2/3 of Americans don’t have an estate plan. If you were surprised by this news, you may be wondering why people haven’t...
You’ve always been rather speculative in your investments, so it’s no surprise that you were quick to acquire various kinds of cryptocurrency, like Bitcoin or Ethereum. Now, you’ve even added non-fungible tokens (NFTs) to your portfolio. How do you make sure that your...
The property in your name when you die becomes your estate. The assets that you own could be vulnerable to claims made by creditors against your estate or could result in expensive estate taxes. A testator thinking about their final mark on the world may start making...
Most people don’t think of their families as “dynasties” – even if they have a long history in this country and have accumulated significant wealth. However, if you want to ensure that the assets you’ve worked hard for or have been fortunate enough to inherit remain...
When planning for the future of your estate, you must get everything right to avoid leaving your loved ones in a tricky situation when you are gone. Having things in place will help prevent uncertainties or conflict over who gets what. When making your estate plans,...
