Validating Your Will is Important
In spite of the fact that over 50 percent of Americans find estate planning important, only about 33 percent have a will. caring.com Those individuals with a will may have moved to a different state or forgot to…
In Estate Planning, People Make These Five Mistakes
During your adult life, you strive to get financial security in the first half and aim to maintain it in the second half. This adage is why many people spend substantial time and effort maximizing their legacy goals…
Contesting a Will Consists of Several Steps
A person’s will outlines who will inherit their property upon their death, and who will handle the estate settlement (called the executor). For many reasons, beneficiaries can feel slighted by what they did or didn’t receive, and some…
What You Need to Know About Leaving Property to Children in a Will
There is a situation few of us care to think about when we are considering transferring our property to our children. What should happen to our property if our children die before us? I read that when making…
Ensure You Have an Up-To-Date Estate Plan
In case of major life changes such as births, marriages, divorces, or moving to another state, you should check your estate planning documents every so often. Children grow up, marriages dissolve, property gets sold, and residences change. That’s…
A Guide for Understanding Probate Process
During probate, a deceased person’s estate is authenticated, his or her assets are reviewed, debts and taxes are paid, and any remaining assets are distributed to heirs as per their will. After an asset-holder dies, the court will…
An Overview of What a Will Entails
Wills are legally bound directives that state who will receive your property upon your death and are an essential component of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and…
Taking Care of an Estate Without a Will
Despite the COVID-19 pandemic, caring.com reports that overall, older Americans without wills remain the same. Remarkably, younger adults with a will show an increase of sixty-three percent compared to pre-pandemic times. This 18 – 34 year old demographic…