Many people believe that estate planning is only for the wealthy who have substantial assets. Unfortunately, this misconception could cause the fruits of your life's work to fall into the wrong hands. These are four reasons why you need to create a formal estate plan....
As you go through divorce proceedings, you may think that you have accounted for every detail of your split. Yet, people often overlook their estate plans during this time. Yours may have your spouse inheriting a significant portion of your assets. Or, they may be the...
When you have a child, you hope everything will be perfect. However, little in life is guaranteed, so this is the moment to review your estate plan to ensure that your children get the care they deserve if you can’t be there for them.Setting up the terms of your...
If you have been thinking about your estate plan recently, likely, you will already have a good idea of the people whom you would like to inherit your estate. You may want to leave your estate to your children or grandchildren. If this is the case, you may have some...
You have many decisions to make when you're creating an estate plan. You shouldn't become so focused on what's going to happen to your assets that you overlook the importance of setting plans for your end-of-life care. There are a few things that you should get...
People often put off writing a will. Maybe they think it's too confusing. Maybe they think they don't really need one. Maybe they plan to do it and they just don't have the time.One of the events in life that really makes the need for a will more clear, though, is...
You wrote a will 15 years ago or so, and it addressed your needs at the time. Those needs have changed a lot in the last decade and a half. You have more assets. With the birth of grandchildren, you have more potential beneficiaries. Some of the things in your older...
Many people use life insurance policies as a big part of the assets they plan to pass on to their children. Even if they do not have significant assets saved up, they know that a large policy is guaranteed to give their children a financial boost when they pass away....
Many people think of estate planning as a goal that they need to accomplish eventually. They put it on a list and then cross it off when they get done with it. They feel prepared for what the future holds.The reality, though, is that that is not good enough. Don't...
Most people understand the need for a will or an estate plan. They know what it does. They know how it helps their family. They know that they need one.But the reality is that most people -- more than half -- don't have one. Even that says nothing about more complex...