A will is the cornerstone of any estate planning process. With a valid will in place, you can have peace of mind knowing that the wealth you have worked so hard over the years to acquire will pass down to the people you care about per your wishes when you die. If you...
Estate Planning
Can I reduce the cost of probating my estate?
If you have worked hard your entire life and acquired significant wealth, you are certainly concerned about what will happen to your estate and legacy when you die. If you have a will at the time of your demise, your estate will be distributed per the stipulations in...
What is a POA agent allowed (and not allowed) to do?
Do you or a loved one need a POA (power of attorney)? Or is someone giving you their POA? A POA is a document that grants an individual authority over another person’s financial or medical matters. It can take effect immediately or when someone becomes incapacitated....
Why you should avoid DIY wills
The pace of life is increasingly becoming faster. Now, it is possible to carry out multi-million dollar deals on your phone at the click of a button. There is an app that serves almost every purpose, including estate planning. DIY will templates are very common and...
Why make a will after you have a child?
When people think about estate planning, they often imagine elderly parents leaving assets to their adult children. The parents are in their 80s, the children are in their 50s and wealth is transferred from one generation to the next. Certainly, this happens all the...
What is an ethical will and does your estate plan need one?
Do you want your loved ones to live an ethical lifestyle? Do you wish you could pass on the values and beliefs you have come to trust in your lifetime? A yes answer to one or both of these questions could mean your estate plan would benefit from an ethical will (aka...
3 assets you should not include in your will
Creating a will is, without a doubt, one of the most responsible things you can ever do. In fact, a will is the foundation of the estate planning process. Done right, you can have peace of mind knowing that your hard-earned assets will pass down to the people and...
Why you may need a residuary clause in your will
When you sit down to plan your estate and designate beneficiaries for your largest assets, you probably already know what assets are worth the most. Your home, your cabin, your investment accounts and your small business could all be assets that you carefully plan for...
What does your family know about your estate plan?
If you died tomorrow, would your family know what to do next? You may have your will written and a trust in place, but your family may still largely be clueless about what steps to take when you die. If you’re healthy, you may not be immediately concerned for your...
What is resuscitation?
When you are doing your estate planning, making medical decisions is one thing that you want to keep in mind. This isn’t all about money and assets. One document that people sometimes used to do this is known as a DNR order, where DNR stands for “Do Not Resuscitate.”...
