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Contrary to what many people would believe, one of the most difficult parts of estate planning is having a conversation with family members. Many people put off creating an estate plan because of the pressure that could come with discussing their last wishes with...
Wills can leave very clear instructions about the distribution of someone's property and their desires for interment or cremation. A will is also capable of empowering a guardian to care for someone's children if they die. While having plans in place before someone...
Many people like to take a do-it-yourself (DIY) approach to practical matters like hair-cutting and home repairs. While tackling projects around the house can be rewarding, a DIY estate plan might backfire. Navigating the intricacies of wills, trusts and associated...
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...
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...
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...
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...
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...
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...
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...