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Planning what happens to your estate in the event of your death can be a daunting prospect. Often, individuals choose to delay the matter and put it off until it becomes too late. It may be in your best interest to have a solid estate plan sooner rather than later. ...
When creating an estate plan, you may have a variety of concerns to address. You may want to provide for your family, protect your underage children, support loved ones with special needs or achieve a variety of other goals. However, if you do not consider the impact...
Your estate plan is there to protect you and your beneficiaries. An advance directive is a document that gives your loved ones and health care professionals information on what you want to happen if you cannot make your own medical decisions. Your advance directive...
Talking about what will occur in the event of your death is often perceived as a morbid subject. For this reason, many people opt to put off any form of estate planning. However, not having an estate plan means that it will likely fall on the courts to decide how...
You take on several important responsibilities when you agreed to be someone's personal representative or the executor of their estate. You must locate and secure their assets. You must coordinate estate administration with the probate courts. You will also need to...
You may have seen headlines over the past few months about the new administration’s plans to shake up taxes and redistribute wealth. You might wonder how this will affect your estate plan. It depends on how much wealth you have. The more you own, the greater the...
While you may be capable of making decisions about your health care, your minor children and your finances, a time may come when you are no longer able to do this. You could develop a debilitating, terminal illness or be diagnosed with dementia. Creating these legal...
You have worked hard to open up your own investment firm, and you know you have the right partners and business plan in place. Do you have all the right agreements? When you have one or two executives, partners or employees who are critical to your business...
If you have significant personal property, there could be a risk of estate taxes decreasing what you leave for the people you love. If you don't plan ahead before you die, as much as 40% of your property could go just to federal estate taxes. Those with...
It is a huge relief to draft an estate plan that avoids probate and distributes your assets to loved ones and other beneficiaries. But when heirs receive inheritance as an outright distribution, it exposes their future well-being and your legacy to many dangers....