The creation of an estate plan is a key form of personal protection, particularly for those with valuable property and/or dependent family members. Loved ones can be vulnerable when someone passes away unexpectedly or has an unanticipated medical emergency. They may...
Estate planning is only an option once someone becomes an adult. Children generally cannot draft the state plans unless they become emancipated in their teenage years. Adults frequently require estate plans to protect their dependent family members or establish a...
Trusts are versatile instruments that can serve various needs and aren't as complicated as you might think. You might think that trusts are only for the wealthy or those with complex assets, but that's a misconception. A trust is a legal entity, not just a stack of...
Many people look to celebrities as role models who dole out life advice to their legions of fans. However, when it comes to the proactive steps involved in estate planning, many of the rich and famous fall short in those duties, leaving their families with a massive...
The average approach to estate planning focuses on the basics. People worry about their dependents and naming a guardian and ensuring the right people inherit their property. Those are excellent bare minimum essentials to address in an estate plan, but there are other...
Your estate plan can provide directions for your care in a medical emergency in addition to providing an inheritance for your dependent family members. Estate plans can include numerous advance directives that protect you before you die in addition to testamentary...
When people set up a trust, they generally pick a focus for that trust. For instance, maybe you believe that your grandchildren should be able to go to college without taking out an incredible amount of student loans. You want to create an educational trust so that...
Your estate plan helps guide the probate process after you die. It can also protect you while you are still alive. Certain documents can help in the event of an unforeseen medical catastrophe. Maybe you suffer a cardiac event that leaves you in a coma, or maybe you...
Estate planning can involve many different steps depending on a person's needs and family circumstances. Those with big families, specific plans for their personal legacies or highly valuable assets often have to engage in more than just basic estate planning. They...
“I’ll take care of that later.” We’ve all heard or declared that intention in some context, right? Maybe it relates to assembling all relevant documents for the annual tax-filing season. Perhaps it’s a repeated vow to get to promised chores at home. Or it could be a...
