Losing your husband or wife is heartbreaking, even if they’ve faced a long illness and it’s something you were both expecting. Planning for a life without them is something you never wanted to have to do. One of the difficult necessities in life is thinking about what...
Estate administration involves reviewing someone's situation when they die and fulfilling their unmet obligations. Often, people leave behind detailed estate plans explaining their preferences related to the distribution of their property after their deaths. No matter...
You may believe you’re not ready to put an estate plan in place to designate who will receive your assets when you’re gone. However, all adults, regardless of age, should have an advance directive for their medical care in case they become seriously injured or ill and...
When you buy a life insurance policy, you may still be relatively young. Perhaps you just had your first child, so you realized it was important to provide them with some sort of financial security. As a result, you named your spouse and your child as the...
Procrastination is one of the most common issues for testators who want to have control over their estates. There are countless reasons why someone could wait another week or another six months to draft estate planning documents, and those delays could lead to tragic...
You might know you should make an estate plan, but that does not mean you will. Many people never get around to it. In part because they do not know where to start. Here are the three main areas to think about: What happens if you get seriously ill? You need to have...
If you are considering creating a living trust, then you also need to understand how to move your assets into it. The technical term is funding the trust. There are three principal options available to cover the different types of assets you might have. You can make...
The primary thing you might think of when you mention estate planning is the transfer of assets. Yet that is only part of it. Another crucial object of estate planning is to put a team of people in place in case several situations occur. Here are four crucial roles to...
Many people spend a lifetime investing in their homes, making real estate their most valuable asset. You want to use that value for something meaningful when you die, but you are not sure of the best way to achieve that goal. There are numerous possible approaches to...
Owning a house is part of the American dream. It is also a way to take a monthly recurring expense and turn it into personal worth. Rather than spending hundreds of dollars every month to pay rent, homeowners slowly accrue equity as they make payments toward their...