Estate planning is often thought of as something that only elderly individuals need to do, but this is far from the truth. Estate planning can help adults of all ages to better safeguard their interests. Drafting a will may be the last thing on the mind of a young...
Estate Planning
There are positive reasons to disinherit someone
When someone gets disinherited, it means two things. First, it means they had a reason to expect to inherit. They are either a family member of the person who is making the estate plan or they are a beneficiary who was previously included, even if they aren’t a direct...
3 reasons why you need an estate plan
Unfortunately, many people spend more time planning a holiday getaway, selecting a restaurant for dinner or purchasing a new vehicle than they devote to planning their estate. Making decisions about the people who will take over your estate when you are gone may not...
What is digital estate planning?
Digital estate planning is a relatively new feature of broader estate management that deals with the handling of digital assets after a person's death or incapacitation. Due to the ways in which the world has evolved over the past few decades, a significant portion...
Who will make medical decisions for you if you’re incapacitated?
When an individual becomes incapacitated, unable to communicate or make decisions due to medical reasons, the question of who will make medical decisions on their behalf becomes a primary concern. Two critical legal tools are crucial in this scenario: advance...
Can you have more than one medical power of attorney?
Good estate plans don’t just address what happens after you die. They also try to anticipate your needs before death – including any period when you may be incapacitated and unable to speak for yourself. A durable power of attorney (POA) for health care is one such...
Revocable vs. irrevocable trust: which one should you set up?
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...
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...