A final will is a crucial part of any estate plan. This document can ensure that your assets are inherited by the people who you want to benefit from them. When drafting a will, there are a few crucial components to consider. If the following factors are not included...
Year: 2022
Can you use your final will to forgive your debtors?
Are you the kind of person that enjoys helping those close to you? If yes, then you may have accumulated a small fortune in loans and debts owed to you or your estate. In the interest of helping and giving, you might want to forgive those who owe you. On the other...
Reasons more younger people are considering estate planning
For years, many people believed estate planning was only something for older people or those who had a high net worth. Unfortunately, this has resulted in confusion regarding asset distribution, ongoing care in the case of incapacitation and other important issues...
How to help charitable causes in your estate plan
Over the years, you’ve raised a family and also carried out work in the charity sector. Both of these aspects are extremely important to you, and you’d like your estate plan to reflect this. You know that you can leave assets to your loved ones through a will, trusts...
How can you ensure that your heir keeps working?
You know that the inheritance you're going to leave to your child is enough that they wouldn't technically have to work again if they didn't want to. They could have a standard of living that is probably higher than what's enjoyed by most people in the United States,...
When do I Need to Update my Estate Plan?
Your revocable trust must be revisited over time to address changes in your life and asset portfolio.
Why the Next Generation Needs to do their Estate Planning Now
Estate planning at an early age is a critical part of your comprehensive financial plan. It also provides your family with peace of mind that they have a roadmap to reference in the event of your death or incapacity.
How to bring up estate planning, naturally
If you're worried that your parents haven't done their estate planning yet, it may be wise to bring it up. This can be an awkward conversation, but it's also a very important one to have. After all, if they pass away without an estate plan, that can cause a lot of...
Should you tell your child’s teacher about your divorce?
If you and your spouse are getting divorced, you've likely talked to your child about it. You may have talked to other family members or close friends. It's good to have a support system. But how far does that net have to reach? For instance, should you tell your...
If your ex won’t pay, can you deny visitation?
In the divorce, you got primary custody of the children, but your ex got visitation rights. This means that the children go over to spend time with them, and they sometimes even come to your house to see the kids. On the other side, your ex was also ordered to pay...