Americans are confused. They're confused about estate planning and rightfully so, it's a diverse topic. Should you create a will, a trust or both? It depends because they serve different purposes, but both can be beneficial to form a complete estate plan. Will and...
Does your estate plan prevent future family disputes?
Your estate plan should be individually tailored to your wishes, your situation and your family. One thing you might want to consider about your estate plan is whether it is likely to prevent future family disputes or cause them. This is an especially appropriate...Why to tell your children what they’re going to inherit
While you’re free to do whatever you want with your will, it’s often best not to keep it a secret. You don’t really want there to be any surprises for your children regarding what they’re going to inherit–or, perhaps more importantly,...Representing families in New York guardianship cases
One of the harshest realities of life is the fact that not every adult is able to care for him- or herself. At some point in all of our lives, it is likely that we will need to rely on someone else for our health and well-being. In some cases, we may be so...Adding a list of property to your will
You may know that it’s quite important to update your will. Despite the fact that most people don’t do it often enough–one study found that a full 86 percent of people had not updated at all in the previous five years–you know that changing...Are you prepared for the probate process?
If someone you know has recently died, or if you have a loved one in the golden years of life, then probate processes are likely in your future. This is especially true if your loved one has asked you to be the executor of his or her will, which means you will have...Speaking with your elders about long-term care planning
It is a topic few people embrace, but it is a necessary discussion all the same: Long-term care planning for your elder loved ones. Like estate planning, which many associate with the death of a family member, long-term care planning can be a difficult subject to...Not all property can be covered by a will
When people tell you to write a will, they’ll often suggest that you should at least have a document saying you leave everything that you own to your children, or something similar. While this can be helpful, it’s important to note that such general wills...Why some parents don’t wait for death to pass on money
An inheritance is typically money given by a parent to a child when the parent passes away. This has been true forever, but some parents choose to buck the trend and give their children the money in advance. One woman said that she did it to help her daughter buy a...How can estate planning benefit my business?
There are a lot of ways that a sound estate plan can benefit your business. In fact, getting things organized in this regard should be an essential part of your business strategy. This is because — if you die unexpectedly — the government can hit your...
