Estate Planning

When someone writes a will, it should express their genuine desires for what happens to their estate. They do this to help the remaining family members because, if the person died intestate, state law would take over and govern what should happen to their assets. A...

Both a living will and a medical power of attorney can be used as part of a person’s estate plan. They both help ensure that medical decisions made on your behalf reflect your wishes. With a living will, the person who is drafting the document typically lists...

One concern that people have when leaving a substantial inheritance is that their beneficiaries aren’t going to have any incentive to work. They are going to quit their careers or lack motivation to be the best they can be. For example, maybe you have an adult child...

Estate planning involves organizing how your assets will be distributed upon your death. You can also use certain estate planning instruments to nominate a guardian for minor children, fund their college tuition and much more. In short, estate planning is very...

An estate plan can put all of your final wishes into legally binding documents. You can ensure that your assets go to people who will benefit from them. You can also outline your medical wishes and much more. However, these things don’t happen by themselves if you...

Numerous estate planning tools can be utilized, including a final will. A will outlines how assets should be divided upon a person’s death. It can also provide instructions in terms of who should become guardians of minor children and much more.  With that being said,...

Your elderly relatives have likely had a huge influence on your life. They looked after you when you were young and vulnerable and ensured you had all the relevant tools to cope with adulthood. Thus, it often comes as a surprise when such people start struggling as...

A relative or friend may have asked you to be the executor of their estate. They trusted you to handle an important role, however, you may not know just what is being asked of you. The executor of the estate handles the distribution and settling process of the...

Estate plans allow you to instruct how your assets and investments are handled after you pass away. Estate planning is a process you should be engaging with for the rest of your life.  An estate plan can be updated at any time. Before you make changes to your estate...

If you’re named as an estate executor, the estate plan itself does give you guidelines for what the other individual wanted. But you are the person who is in charge of ensuring that those guidelines are followed. For example, perhaps the person has three adult...