Once you have made an estate plan, it is important to come back to it and review the plan periodically. You want to ensure that it still works with your current life conditions. In some cases, you may review it and find that everything is perfect. In other cases, you...
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Estate Planning
Digital assets are getting more complicated
Digital assets are growing more common. In many cases, sellers are phasing out physical copies of different types of media. People are simply buying or downloading digital copies, instead. There are countless examples of this, from video games to musical albums to...
Can you use a trust to protect investment assets?
People acquire many different types of property for investment purposes. Some people buy real estate to rent out to others or resell in the future. Others purchase stocks and other traditional investment instruments. Those investment resources could be at risk if the...
How can you pass assets to your loved ones?
Estate planning is a crucial process that ensures your assets are handled according to your wishes. It involves preparing for the management of your estate after your death. There are various ways that you can get assets where you want them to go. It’s critical to set...
When is it time to review your estate plan?
It is important to periodically review an estate plan. You’re not always going to have to make updates to that plan. But you want to take a look at the plan and compare it to your current life situation to see if it still fits. In some cases, you’ll realize that...
Can you be too young for estate planning?
There are two ways that people tend to think that they can be too young for estate planning. The first is when they are very young, such as in their teens or early 20s. They don’t have a family, they don’t have significant assets and so they don’t think it makes sense...
How working with a litigator can make for a stronger estate plan
Some people think that any lawyer can put together an estate plan. There are even some people who forgo getting any in-person legal support at all and, instead, use boilerplate documents or cut-rate software as a means of putting together their estate planning...
Digital assets may not fit in an estate plan
There will be room in your estate plan for many of the assets that you own. People will sometimes simply make a plan that lists all of their assets and shows how they should be distributed. But you can also take more complex steps to have control over this process,...
What shareholders and partners need to know about estate planning
Perhaps you started a business with your best friend from college, and the two of you have successfully run a business as partners for years now. Or maybe you are a shareholder who has invested in a business and now attends meetings to help grow the business and guide...
Medical power of attorney: Who should you choose?
A medical power of attorney is an important legal document that can be added to your estate plan. If you use one, you give the power to make medical decisions to a specific agent that you select. If you are incapacitated – something people are often thinking about...