Debt and Probate: What You Need to Know
Most people have assets and legacies in mind when they create their Last Will and Testament. However, there are other considerations to deal with when making an estate plan. For instance, the matter of what happens to outstanding debts is an important thing to bear in mind. Your family could be responsible for the balance... Read More
Make a Plan for Long-Term Care
The possibility of needing long-term care is a reality that many retired people face as they age. If you don’t think you and your family can afford the costs associated with long-term care, you should prepare to qualify for Medicaid as quickly as possible. However, this kind of advanced planning is often overlooked, and the... Read More
5 Common Concerns for First-Time
Executors Many people who are put in charge of a close friend or relative’s estate have never fulfilled executor duties before. It is a position that involves a lot of responsibility, since being an executor means bringing closure to your family and helping to carry out your loved one’s wishes. There is often a learning... Read More
Essential Estate Planning Documents You Need to Know
When it comes to creating a solid estate plan, you need more than just a Last Will and Testament. Knowing a bit about the documents involved will help you to prepare for the future. There are multiple concerns to think about when you make an estate plan, from how your property will be distributed to... Read More
What Young Families Should Know About Estate Planning
Often, young adults are not in a huge hurry to create an estate plan. They don’t dwell on the possibility of illness or incapacity. However, they need to make estate plans for the same reason that older people create them: there is no guarantee of ongoing good health, even for people in their twenties and... Read More
When to Update Your Living Will
If you are considering creating or updating a Living Will in the event that you become ill or incapacitated, you probably have questions about when to do so. It’s a good idea to review and make changes to your entire estate plan as needed every few years. This ensures that you’re ready for any eventuality.... Read More
What Happens to Debts after a Death?
Everyone who creates an estate plan starts out by considering the assets that they want to pass on to their loved ones. This is only natural, but many people do not pay the same attention to what will happen to their debts when they pass away. This can leave your family in the position of having... Read More
What You Should Know about Separating Estate Plans after a Divorce
There are many legal matters to attend to following a divorce, and long-term planning is often not a top priority. However, you should avoid putting off separating your estate planning documents. It is necessary to update any relevant estate planning materials that activate in the event of your death once your divorce is finalized. This way,... Read More
What You Should Know About Setting Up a Guardianship
If you are new to estate planning, you might not be aware of the differences between a guardianship and, say, power of attorney. However, if you need to set up legal protections for a minor, elderly relative, or person otherwise incapable of managing their own affairs, it is important to understand the distinctions and choose... Read More
Is It Possible to Contest a Trust?
Although a Last Will and Testament is the most common estate planning tool, a trust is also a popular method. Often, trusts will be part of a comprehensive estate plan for a number of reasons, not the least of which is the fact that trusts can help avoid probate. Here are the basics you need... Read More