As you develop your estate plan, you’re going to hear and see a lot of new terms – some more than others. If you have experienced legal guidance, you don’t fully have to understand them all. However, it’s wise to know what some key terms mean. One of these terms is...
Estate Planning
Estate planning is about much more than money
There are many misconceptions in circulation about estate planning. People can be put off of the subject over the perception that it is morbid. Younger people commonly think that they don’t need to think about it yet. Even a significant number of individuals over the...
3 myths about estate planning
It’s important to plan for the future, not only for you but for your family's sake. That’s why many people plan their estate, allowing their families to inherit their assets and more. The only trouble with estate planning is that many people have the wrong idea about...
Choosing the executor of your will
A will is a vital component of any estate plan. This document outlines how your assets will be divided upon your death. You may also have provisions in place for who will care for your minor children if something happens to you. The person who is tasked with ensuring...
2 tips to chose a guardian for your child
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...
Organ donation and estate planning
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...
How you split your estate may lead to hard feelings
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...
2 ways to protect yourself from abuses of powers of attorney
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...
Why would you leave an heir $1?
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...
Create a quality estate plan (but don’t DIY)
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...