Estate Planning And Wills

If you are visiting this blog, you already understand the value of creating a solid estate plan. It protects your family’s inheritance, minimizes taxes and allows you to direct your healthcare regardless of your condition. Unfortunately, a well-prepared estate plan does little good if no one knows where to find your important documents. Instead of storing

Everyone has different personalities. Different personalities tend to handle money differently, so you may need to tailor your inheritance plans around the unique traits of each loved one. Often, this means leaving unequal shares of your estate to your adult children. Inform your loved ones For many, estate planning is personal and best left private. They would

If you have not yet made an estate plan, you may worry when you hear your friends and family talk about theirs. You might feel like the odd one out. Unfortunately, you are not. Yet you are right to worry. All adults should have an estate plan, but most don’t You can make an estate

Most people automatically think about the will and trusts when they’re discussing estate plans. There’s another important component that must be taken care of – power of attorney designations. The power of attorney designations help to ensure your affairs are taken care of if you become incapacitated. #1: Types of power of attorney There are two primary

A recent news report out of Tucson contains dire warnings about an estate planning scam currently targeting Arizona citizens. Such scams offer the promise of huge savings on will and trust documents, but they drain away your assets instead. Scams that target the aging and elderly plague the nation, robbing citizens of thousands or more of their

A trust is a legal document that ensures your assets are put to good use after your passing. Unlike a will, a trust bypasses the probate period and can avoid estate taxes. Likewise, a trust ensures your beneficiaries their allotment of your estate and privatizes any financial dealings. You’ll have to consider what kind of

Too many Americans do not have an estate plan. In fact, two out of every three people in this country do not have an estate plan at all. One of the biggest factors keeping people from creating an estate plan is not knowing what they should include in it. To help you take the first step in

If you’re preparing to divorce, it may seem like you’ve got a to-do list a mile long. Don’t forget to include updating your estate plan on that list. While the thought of dealing with any more documents and legal matters may be understandably unpleasant, you don’t want to put off crucial modifications. Otherwise, things could

There are many people who feel uncomfortable with the very concept of powers of attorney. These estate planning documents allow testators to name another party to manage their affairs while they are still alive. Powers of attorney take effect in the event of someone’s incapacitation. The people you name to act on your behalf could utilize

An estate plan is essential for ensuring that your property and assets are distributed according to your wishes in the event of your death. However, it’s not something you can do once and forget about it. There are multiple reasons why you might need to update your estate plan. Life is always changing It’s important