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Do you have a parent or other loved one who doesn’t see the need to have an estate plan – even a will? A lot of people do. If you’ve decided to use part of your time together over the holidays to convince them that they need to put something in place, here are just a...
Transferring assets to loved ones as gifts might seem a viable alternative to achieving your estate planning objectives. After all, it allows you to pass on your estate to loved ones, just like you would with a will. However, gifting your assets can lead to negative...
As technology continues to evolve and become an integral part of our daily lives, it’s increasingly imperative that we have a complete understanding of every place we have left a digital footprint. In today’s world, creating an estate plan for your digital assets is...
As an adult, you often have to juggle various responsibilities. From work commitments to family obligations, life can get busy. However, one crucial matter you should not overlook is discussing Powers of Attorney (POA) with our elderly parents. These legal documents...
Estate planning ensures your assets are distributed according to your wishes after you're gone. While many people are familiar with wills, trusts offer another avenue for estate planning. They can provide more control over your assets, offer greater privacy and may...
Many people believe that estate planning only involves issues relevant to elderly individuals, so they put this vital task off until they are older. However, those with high-risk occupations usually benefit from a plan regardless of age. An untimely work-related...
An estate plan allows a testator to instruct how their estate is handled once they pass away. There’s a lot to understand when making an estate plan. Here’s what you may need to include: Your list of heirs A will typically includes an itemization of assets. It also...
When did you last make your estate plans? It may be so long ago that you can’t even put a date on it. If you can’t remember when you made your estate plan, that may be your first sign that your plans are out of date. Estate planning is a life-long process. It’s often...
It’s often important to ask questions when planning your estate. This way you know how you wish to plan out your estate in anticipation of your passing. Here are a few questions you may need to ask yourself: 1. When should I draft my will? One of the first questions...
Estate planning is a complex legal matter. Because of its complexity, many people misunderstand certain aspects of the process. If you’re considering making an estate plan, you need to be sure you aren’t misinformed about the following issues. Myth #1: You must be...
