An important part of estate planning doesn’t necessarily involve any estate planning documents. It involves designating beneficiaries for your retirement accounts as well as things like investment accounts and life insurance policies. You do that directly on the...
As you start preparing for retirement or review your finances in your golden years, you may derive quite a bit of joy from the idea of passing on some of your wealth to your children when you die. An inheritance could lead to a more comfortable retirement for your...
Many people assume that an estate plan is only necessary for wealthy individuals, but this isn’t at all the case. Instead, adults of all wealth levels should have an estate plan documented. Your estate plan does several things. The one that most people think about is...
Among the most important decisions you’ll make as you develop your estate plan are the people who will be your representatives and administrators not only after you’re gone but if you become incapacitated by illness and injury and unable to speak for yourself. Perhaps...
One myth that people continue to believe is that you can be too young to do your estate planning. You will often talk to people who are in their 30s and 40s, but they haven’t made an estate plan yet because they think it’s something that only elderly people do. This...
Many people go through life without considering what will become of their assets after their death. However, you may have come to realize that your estate can benefit the people around you when you pass away. You may want your assets to go to good and caring hands. If...
Are you worried that your parents have not yet made an estate plan? If not, they certainly aren't alone, as most Americans haven't done it. The biggest reason for most people is that they are simply going to do it later and they just haven't gotten to it yet, but this...
Many people think about things like who will get their assets when they consider making an estate plan. While that’s an important part of what you need to do, you can’t forget about making the plans for taking care of your affairs if you’re not able to make decisions...
Estate planning is not an easy subject to talk about for anyone. Young people might see it as a depressing topic and older people might feel uncomfortable about facing the reality of aging. For the reasons above as well as many others, people may not address their...
Contesting a will is far from easy. Yet, sometimes it is necessary to ensure a family member’s wishes are carried out, and you get what is rightfully yours. Money issues can lead to lifelong family disputes. So before you share your suspicions that something is not...
