Estate Planning And Wills

In some cases, those without a lot of assets assume that they don’t need an estate plan. Those plans, they believe, are just for the wealthy. They’re a way for those with a lot of money and assets to make sure they’re divided properly. However, Scorpio Partnership and RBC Wealth Management carried out a study

Thanks to a number of common myths, people sometimes have the wrong idea when it comes to estate planning. Below are three such myths and reasons why you should be wary of them. Only rich people need estate plans. This discounts the fact that estate planning is about more than money. You also need to

Contesting a will can be both complicated and controversial. It often happens when someone already feels like he or she was unfairly cut out of the will, or that assets were not distributed as they should have been. In some cases, if the effort is successful, the will may not be followed. Four reasons a will

Don’t think that you’re too young to have an estate plan, or that you don’t have enough assets. Don’t assume that you can put it off and do it next year. Experts have noted that there are a few huge reasons why you need to get your plan in place right now, such as: —

Like other young Arizona families, you might not think that you need estate planning yet. Wills and trusts are just for older people, right? Actually, estate plans are for every adult, and become crucial if you have children and will inherit significant assets from your parents. Providing for children is often a big motivator for

You’ve had a great time at the family vacation home over the years, and now you want to put it into the estate plan so that it is passed on to your kids. Below are three questions to ask. How will ownership be set up? Of course, you can just make all of your kids

You’ve worked hard your whole life to build up money you can pass on to your children. You think of it as a lasting legacy to them, something to give them an advantage and make their lives easier. If you have, though, you should know that 70 percent of rich families see that wealth deteriorate

Hearing the term “inheritance” probably puts a thought of entitlement in your mind. This doesn’t make you an entitled person — it’s just that it is perfectly natural to assume that you will be the recipient of assets when you are included in a will. Inheritance is inherently about accumulating assets or benefits to a

A couple of weeks ago, we wrote a post about wills and their incredible importance to your estate plan. More specifically, we talked about how updating your will frequently is critical because if you don’t update this document, you risk having clauses and provisions in there that don’t reflect your current mindset about your estate and your

Life would be so much simpler if you could predict the future. You could comfortably set up your life to fit in with whatever twists and turns life originally had planned for your non-prophetic ways. But of course, no one can see the future and nothing is done for you to make things easier for