If parents create wills naming contingent beneficiaries as their two adult children, there is always the possibility that the adult children will pass away before the parents. This can have implications for the contingent beneficiary's share. Language of the created will impacts what happens with each beneficiary's share. Some wills allow the surviving sibling to [...]
When is the last time you really sat down and reviewed your estate plan? It’s probably been awhile. If anything has changed in your life since the last time you made this plan, now is a great time to review. Whether you’ve adopted, had grandchildren, had a change in marital status, or simply accumulated more [...]
If you are holding title to a piece of real estate property that you intend to pass on to your loved ones and it's in a different location, you'll need to think carefully about how this location could impact your planning options. One of the best ways to approach this strategy overall is to schedule [...]
If you are a family member, beneficiary, or appointed executor, you might have questions about how that probate is handled when a loved one passes away. Understanding the MS will probate process can make things easier for all the people mentioned above to understand what goes into this and some of the common pitfalls that [...]
The selection of a power of attorney agent is an important one because this person is responsible for acting on your behalf and in your best interests, but what happens if the power of attorney agent doesn't act at all? Sometimes an agent might be unable to handle decisions for you because they are sick [...]
The cost of long term care is a top concern for plenty of retirees, but new research shows that we could be facing a potential crisis in the U.S. when it comes to providing it. The oldest of the baby boomers will starting turning 80 in 2025, more people will need support for their healthcare [...]
When you create an estate plan, you're probably starting with a frame of you and your beneficiaries as the core people involved. However, this is not the full scope of everyone involved in your estate planning process. There are four fiduciaries responsible with the entire estate planning process and they are known as an agent, [...]
If this is the first time you'll be sitting down with your estate planning lawyer, there's no doubt you'll have some questions about what you need to think about or bring with you to that initial meeting. If your lawyer does not already have a questionnaire prepared for you to fill out in advance of [...]
