As you may already know, an estate plan mostly focuses on allocating your assets to family, friends and loved ones after you die. While it may be a simple matter to name heirs and their inheritance, there’s often a lot more involved when making an estate plan. To...
Estate Planning & Probate
What should you consider as you choose your executor?
Choosing the right person to be the executor of your estate plan is crucial to help ensure that your wishes are carried out as you’ve designated and that your estate is settled with a minimum of problems, conflict and delays. The executor does a lot more than...
The benefits of digital estate planning
One of the primary reasons why it is so important to have a current estate plan in place at all times is that few people are eager to burden their loved ones with stressful estate management tasks in the wake of their death. Ideally, you probably want to make the task...
Considerations for your will when you have a special needs child
Leaving behind your assets in a will can get complicated -- especially if you’re passing along an inheritance to multiple children. There is always the concern that the division of assets is fair or that your last wishes are communicated clearly. Things can get...
What are the most common errors made when creating a will?
Do you envision sitting at your kitchen table, writing down your will and calling it done? Most individuals assume this is how wills are created, but you risk much if you take such a casual approach to estate planning. For your final will to accomplish what you want,...
3 legal strategies to avoid probate
If you pass on without a will or have a very basic one, your estate will go through probate. This is a process of distributing your estate to your heirs. The probate process is almost always expensive, long, and stressful. Fortunately, you can take a few simple steps...
Should I revise my will?
Your will is an important document that gives you an opportunity to specify what you want to be done with your estate upon your passing. People tend to write them and then forget about them. After all, no one wants to think about a time when they won’t be here to make...
Mistakes to avoid when making your estate plans
Planning for the future of your estate is something you should take seriously. Otherwise, you may leave your loved ones in confusion or create discord among family members if your estate plans are not comprehensive. Here are some mistakes you should avoid when putting...
Who will take care of your finances if you can’t?
Most people take being able to handle their finances for granted. You may never have thought about what would happen if you become incapacitated and unable to make financial decisions for yourself. There’s a chance that your bills go unpaid and that other financial...
What happens if you die without an estate plan?
Creating an estate plan takes a lot of thought and can be a stressful experience. You need to review everything you own and owe. Then you have to decide who should receive your property and who you trust to manage the administration of your estate. Many people put...
