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One of the most crucial tasks when estate planning is to name someone to handle things when you pass away. That person is known as the executor, and their job is to execute the wishes you lay out in your estate plan. If someone were to do a bad job, it would cause a...
Most adults don’t think about what’s going to happen to them if they become incapacitated. Some may just assume that someone close to them will be able to make decisions for them. The fact is that this isn’t always how it happens. You can take care of what happens if...
You’ve probably heard that you need to include all of your assets in your will or trusts. While this is mostly true, there’s an important exclusion to this rule. You shouldn’t ever include assets that have a payable-on-death designation in your estate plan. A...
If you get divorced, it’s important to update your estate plan. This plan defines what happens to your assets after you pass away, and it can address many other areas, such as your health care decisions. But a divorce changes things significantly. Here are a few...
You can find a lot of information online about estate planning, but just because it’s readily available, doesn’t mean it’s accurate. You may need to know what myths people spread about wills and trusts to prevent causing legal problems and family disputes. Here are...
Part of having a comprehensive estate plan is naming someone to handle the estate after you pass away. This person should be someone you trust who can think clearly despite the emotions that will be present. Your estate executor has many duties. Ultimately, their...
The financial side of a divorce can be very complicated. You may be planning to get divorced after spending decades with your spouse, but now you’re worried that they’re going to hide assets during the divorce. They’ve been very unhappy with the process and you get...
Estate planning isn’t just about designating who will get your assets or even who will make financial and health care decisions if you become incapacitated. Many people use their estate plan to detail their wishes for burial or cremation and any funeral, memorial or...
There are many reasons why it’s wise for just about everyone to have some type of estate plan in place – even if it’s just a simple will. Let’s look at one that many people don’t consider. However, if you’re a man who’s had your fair share of sexual encounters over...
You took the vital step of addressing your estate plan a number of years ago. However, your life has changed substantially since then. Estate planning can be daunting, so it’s tempting to fall into the trap of thinking it’s a one-and-done event. This is not the case...
