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If you’re like many people, you took your first step into estate planning when your child was born. You designated someone to be their legal guardian should you and your spouse or partner both pass away or become unable to care for them before they turned 18. This is...
An estate plan can help you organize your last wishes in anticipation of your passing. You can plan out who should inherit your assets, who is responsible for settling your estate and what would happen to a child that’s under 18 years of age. Estate planning can be...
You may have chosen an executor who is willing to serve, trustworthy, dependable, communicative, organized and responsible. But do they meet the qualifications the probate court will check? You don't want to name someone who will be disqualified by the court. This can...
Estate planning is the important process of deciding how your affairs will be handled when you’re gone or incapacitated. It requires meticulous attention to detail aimed at addressing every aspect of your estate. Additionally, it’s important to consider are several...
The idea of estate planning can evoke different emotions. Planning for incapacitation and death can be challenging. Further, the processes involved in estate planning can strain you emotionally and mentally. However, you can manage your emotions and create a good...
Choosing an executor is a key decision during estate planning. Due to the criticalness of their role, you want to name a reliable party – someone who will ensure your wishes are fulfilled and your beneficiaries receive their inheritance without difficulties. So, what...
The essence of maintaining an up-to-date estate plan cannot be overstated. This holds particularly true after a significant life event, such as divorce. While updating your estate plan might not be the first thing on your mind during such a challenging time, it can be...
Most of us consider the beginning of January an opportunity to eliminate bad habits and create goals for the upcoming twelve months. Turning the page to a new year provides a clean slate in which hopes and dreams are attainable. And if you haven’t done so already,...
One of the things that many people do as they plan their estate is use the terms “heir” and “beneficiary” interchangeably. While an heir and beneficiary are both terms that mean someone who has a legal right to gain from the deceased's estate, they aren’t typically...
Dealing with a loved one's passing is challenging, and the complexities of handling their financial affairs can add to the stress. A common concern in estate planning and administration is what happens to a person’s debts after death. Understanding how debts are...