Probate can be expensive and time-consuming, which is why many people prefer to avoid it when making their estate plans. There are various ways of skipping this court-controlled process, but it is crucial to understand the potential implications of the path you...
The process of estate planning can feel morbid, especially if you spend much time reflecting on the worst possibilities in life. However, it is necessary to do so to create the most effective estate plan. You can't protect your children properly if you don't think...
Music has always been a big part of your life, and you’ve spent decades building up an impressive collection. You have musical instruments that you play, and you also have CDs and a large collection of vinyl records. These tangible assets can be put into your estate...
You may want to disinherit someone when you create your estate plan. For instance, perhaps you have a child who is estranged from the family and you haven’t seen them in decades. But it doesn’t always have to be a negative reason. Maybe you just have a child who is...
Successful writers, musicians, digital artists and programmers (among other creatives) all have something in common: They generally receive royalties for their work that are paid out over time. Good estate planning needs to take these assets into account – so that the...
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...
