Many people attempt to avoid estate planning at all costs, as it by its very nature involves conversations about some topics we would much rather not confront. This common desire to avoid discussing estate planning in turn leads to some common myths and misconceptions about wills and probate—among other estate planning issues.
Are you getting ready to commit to estate planning for the first time? Below is a simple checklist with steps that will help you draft an estate plan that is as comprehensive as possible.
It is unfortunately common for families to get into heated arguments over inheritances and estates of their deceased loved ones. In some situations, these disputes can tear families apart and cause lifelong feuds.
Even if you assume your family will handle the issue of their inheritances maturely, it is a good idea to ensure you are doing everything possible with your estate plan to prevent disputes from arising. Here are a few tips to help you accomplish this.
Living trusts can be an incredibly useful element of your estate plan, but many people do not understand exactly what a living trust is, how it works and the benefits it can offer. Below are answers to some of the most frequently asked questions we receive about living trusts.
Durable financial power of attorney is a relatively simple means of arranging for another person to manage your finances in the event of your incapacitation. The primary benefit of this estate planning tool is that it allows for continuity for your estate, while preventing any stress and disputes that could otherwise arise among family members about who is best suited to take charge of your money and assets.
It’s a commonly held belief for people who are in their 20s and 30s that estate planning can wait until they are older—or at least until they have children. However, people of all ages stand to benefit from cohesive estate planning. For younger people, it tends to be a much less complicated process, and so there’s little need to put it off.
If you pass away without an estate plan, you may lose control over how your assets and property get passed down to your beneficiaries.
Estate planning lawyers help you distribute your assets and property to your loved ones. Learn more about the pros of working with an attorney in this post.
Help your parents achieve a stress-free retirement and allow them to live out their golden years in comfort with these 3 tips.
In this blog post, learn the benefits of having both a living will and a last will from an experienced estate planning attorney.