When you create an estate plan, looking after your children's needs will be a key part. You have a legal responsibility for them until they turn 18, and if you were to die before they turn 18, they need someone to look after them. They also cannot inherit until that...
As you delve into the estate planning process, one of the things you can consider is whether you want to be an organ donor. Even if you designated on your driver’s license that you wish to donate your organs upon your death, you can be more specific if you choose to...
One of the most important things you have to do as an adult is to set up your estate plan. This enables you to leave instructions about who’s getting which assets from you. For people who have a complex family dynamic, figuring out how to set everything up might take...
Maybe you have a spouse who no longer has access to some of your property because they have previously tried to use shared assets to buy illegal drugs. Perhaps you have had to have some very uncomfortable conversations with your middle child because of their alcohol...
No one likes losing their independence and ability to determine their lives. Unfortunately, it happens sometimes in the elderly population. They may become too impaired to continue making sound personal and financial decisions. Like most, you may not want to get...
Testators who add documents beyond simple wills to their estate plans can better protect themselves against whatever the future might hold. Planning not just for your death but for possible future medical issues is a wise choice. Powers of attorney help protect you...
Every now and then, you hear about someone leaving one of their children just a single dollar in their will. This famously happened to TV personality Tucker Carlson, for example. If you're trying to make your own estate plan, you may be wondering why people would do...
You can certainly do your estate planning on your own, but it's often not advisable. It's usually considered much better to talk with your family during this process. This is especially true if you have adult children and they're going to be heavily involved. One...
Your estate plan is an important set of documents that help protect you and your loved ones if you are incapacitated or pass away. The estate plan will go over several important factors including: Your will Your beneficiaries Your wishes Guardianships for your...
You may have heard of dynasty trusts, which are sometimes called bloodline trusts. The purpose of these is to help ensure that family wealth is kept within the “bloodline” as it’s passed from one generation to the next while minimizing estate, transfer and gift taxes...
