After choosing someone who possesses the qualities you are looking for in an executor, you need to have a conversation with them. This is when you inform them you are estate planning and you believe they are best suited to administer the estate. You want to handle...
Many people draft wills to designate their beneficiaries and provide instructions about the distribution of their property after their passing. Others create a much more structured testamentary instrument in the form of a trust. Trusts can provide a range of different...
Most people want their loved ones and communities to remember them fondly after they’re gone. They may want to leave a lasting positive impact on the people closest to them or to support causes that were dear to them throughout their lives. The legacy that a person...
Most people assume you need an estate plan only if you are married, have children or are elderly. If you’re young, single and just starting your career, an estate plan may feel unnecessary. The truth is that everyone can benefit from an estate plan. Even a basic plan...
How long has it been since you drafted your estate plan? If it has been more than three years, then it may be time to revise your will, trust and other legal documents. These changes can include adding new assets you want to distribute to beneficiaries. However, you...
If you are preparing to put an estate plan in place, then well done. Many Americans continue to put this off, so beginning the process helps you get ahead of the curve. It really is an essential task to cross off your to-do list. So where do you start? Here are a few...
Making an estate plan is something every adult should do early. While death might seem a long way away, picking someone to take charge of implementing your estate plan when you pass is an essential part of the process. The estate executor, as they will be known,...
People often wait for specific life events to address different estate planning matters. For example, many people choose to draft wills after they get married, have children or invest in certain types of property, such as a home. Testamentary documents are not the...
Estate planning is a deeply personal process, but it doesn’t need to be a solitary one. In fact, involving your adult children in conversations about your estate plan can potentially offer you greater peace of mind and help prevent confusion or conflict down the line....
If your parents are getting older, then you might find yourself concerned about whether their affairs are in order. While this includes some sort of estate plan that specifies how their assets will be distributed when they pass away, it should also include...
