If you have worked hard all your life, it makes sense to want to leave as much of your assets as possible to the people you love. This is where estate planning comes in. One of the most effective estate planning tools you can use to set aside assets for your loved...
Estate Planning
Medical care: What happens if you’re incapacitated?
An estate plan has the potential to extend far beyond detailing who will get what when you pass away. When crafting an estate plan, you’ll also want to consider what will happen if you become incapacitated. Having a plan for this unfortunate turn of events can help...
Why do people procrastinate estate planning?
It’s true that most people in the United States do not have estate plans. Roughly a third of Americans already do, but the rest either don’t plan to make one or simply haven’t done so yet. One of the top reasons for this is procrastination. Why do people put estate...
Can you use an online template to create your will?
Estate planning is a crucial process that involves preparing for the distribution of your assets and the protection of your loved ones after you're gone. While the convenience of online estate planning templates may be appealing, there are several compelling reasons...
3 estate planning myths to avoid
Estate planning can greatly help people control how their assets are dispersed after they pass away. However, many people don’t make estate plans or even consider making a will because it’s commonly believed that estate planning is only for the rich or the elderly. ...
3 important rules for those planning to disinherit family members
There are many reasons why one person might choose to disinherit a family member who expects to receive property from their estate. Perhaps the testator no longer has a close relationship with that particular individual. Maybe their relationship is still solid, but...
4 reasons to update an estate plan
Estate planning is the process of anticipating one’s death and ensuring their assets are distributed to the testator's wishes. Many people make estate plans and never update them. But, estate planning is a lifelong process that may need to be altered. There are a few...
What you should know about a will’s no-contest clause
When drafting your will, you expect a smooth probate process for your loved ones. But an interested party may contest it on the grounds of undue influence, fraud or lack of testamentary capacity. Nonetheless, you can prevent this by including a no-contest clause in...
How to protect your will from being contested
When drafting your will, you expect it to go into effect when it goes to probate. But this may not be the case. If your will is contested, it may take time before your beneficiaries receive their inheritances, which is not what you wished for. Luckily, you can prevent...
Avoid these estate planning errors
Estate planning is one of life’s necessary processes even though most people don’t enjoy it. That makes it even more important that your time doing it is well spent and that your estate plan functions as you intend. Mistakes in the process can prevent this from...