Many people hate to think about their own mortality, and that can lead them to neglect to put an estate plan in place to pass along their assets to children. But even some people who do have a plan fail to discuss the details with their closest family members. Holding...
It’s a shocking fact that 51% of Americans don’t even have a basic will. If you already have an estate plan, you are at an advantage. However, estate plans are never final—they require updates as life unfolds. A regularly revised estate plan is the key to getting the...
In 2020, most of us conduct a lot of our lives with digital help. We use online banking and bill paying, we shop online, we take classes online and we even order takeout or groceries online. Now, many companies offer online DIY wills or software packages so you can...
An owner’s business is their life’s work. That work deserves careful planning to keep it intact for the family members who potentially own and run that business. As an owner, you want to find the most risk-averse strategy for transferring your business to your family....
The holiday season is a time for giving and enjoying the company of our loved ones. But they are also a time when unscrupulous people try to take advantage of the generosity of others, especially older citizens. The World Health Organization estimates that one out of...
You may think that estate planning is all about what happens to your assets after you pass. While directing assets may be important, you could be helping your family through an even more trying time when they might need your help the most. Two-thirds of Americans...
You may trust your family to be reasonable about how you divide your inheritance. But after you pass away, you won’t be around to prevent any fights. However, you can minimize conflict by creating an estate plan. Estate planning is much more than just writing your...
Estate plans include numerous documents that ensure the safety and security of your family’s future. One option that you can choose as part of your estate plan is a revocable trust. A revocable trust is a document that outlines how your estate gets distributed and...
Advance health directives let you say what you want to happen and not happen if you are ever in an extreme medical situation and unable to speak for yourself. They usually include specific instructions and name a person you want making decisions for you. Anybody can...
Expecting parents typically have a to-do list, and even lists of to-do lists, to prepare for the new family member. Even so, most feel less anxious if they give estate planning a prime spot near the top of their pre-baby agenda. Buying life insurance comes first for a...
