You probably know the importance of estate planning and might be thinking of how to go about it. While it’s never too late to act, you need to be careful not to cause any misunderstanding when you are gone. For example, an improperly drafted will can throw succession...
Estate planning is often misconstrued as something that only rich people need to consider. This may be partly due to the term “estate” itself. Literally, the word means a vast amount of property or land. However, in terms of estate planning, the definition has a much...
For young people, estate planning is often the last thing on their minds. If you’re running your own business or caring for your newborn child, where are you going to find the time? While estate planning may not be your top priority as a young parent, it is certainly...
It’s not easy to think about what will happen should you become incapacitated, let alone discuss the topic with other people. Nonetheless, the subject is important and many find it to be easier than anticipated. Part of coming to terms with the estate planning process...
As a young couple with children, your life is really just beginning. While it is most likely that you will go on to live a happy life for many years, it is important to cover all possibilities. Estate planning can do you no harm. However, neglecting it can cause...
An estate plan allows you to plan for your future, your assets as well as your loved ones. While many people overlook it, planning about what will happen to your assets and loved ones when you pass on is quite important. If you die intestate (without an estate plan),...
While many people think about trusts and wills as the only components of estate planning, there’s much more to it. Part of having a comprehensive estate plan is getting a plan set up to handle your affairs if you become incapacitated. One critical component of your...
For some people who are going through a divorce, the legal matters surrounding the divorce are the only thing they focus on. While those are important, there are a couple of other points that you have to think about if you’re in this position. Two things that are...
If you have made an estate plan, then you are ahead of many people. A recent survey showed that 58% percent of adults do not have one. The next thing you should do is tell your family about it. If the idea is unappealing, think about why? If you are afraid it will...
Are you one of the many Arizona residents who live in a retirement community that is limited to residents who are seniors? Typically, the age restriction in these communities is 55 years of age and over. Your home is likely one of the largest single assets you have,...