In the event that you want to ensure that your spouse gets access to your wealth after your death, this may be referred to as an 'I love you' will. In this situation your spouse will receive the assets outright and it will initially appear as if those assets will be handled according to the [...]
There are many different situations in which you may want to put together a trust that helps to protect your beneficiaries from hurting themselves in the future. Some examples include children who are struggling with addiction, those who are spendthrifts and individuals suffering from mental illness. As a parent, there's no doubt that you have [...]
It's never easy to think about the potential end of your life and putting together a will and other end of life documents. However, it's a great idea to incorporate this into your long range planning as it could help to protect your heirs and give you peace of mind about the future. Practically every [...]
Most people recognize what estate planning covers in a basic sense, but plenty of research shows that people have trouble following through on developing their own estate planning documents. A new study also shows that there's a lack of communication or understanding across generations as well. The study from Fidelity identified that many American families [...]
While estate planning is important for everyone, it's extremely important if you have a blended family. One of the biggest reasons for this is that blended families are much more likely to have complicated issues and it's a situation in which small mistakes can become big ones if you don't plan ahead properly. It's important [...]
One of the most common ways for a will contest to emerge is to have a track record of changing or revoking your will. This is not to say that you cannot update materials you've put together previously, but simply that you should do so with care. Your will should be reviewed on a regular [...]
One of the most common ways for a will contest to emerge is to have a track record of changing or revoking your will. This is not to say that you cannot update materials you've put together previously, but simply that you should do so with care. Your will should be reviewed on a regular [...]
These days, the basic will simply won't cut it for the vast majority of people approaching their estate plan. This is especially true for those individuals who have amassed wealth over the course of their lifetime. A comprehensive estate planning strategy includes multiple components beyond planning for your assets to be passed on to another [...]
A revocable living trust affords many different benefits for the people who choose to use it. There are six primary reasons why a living trust can be extremely beneficial for you. These include: Protecting property for certain beneficiaries who may be unable to control receiving such a large inheritance. This is very beneficial for [...]
A revocable living trust affords many different benefits for the people who choose to use it. There are six primary reasons why a living trust can be extremely beneficial for you. These include: Protecting property for certain beneficiaries who may be unable to control receiving such a large inheritance. This is very beneficial for [...]
