Those with children and grandchildren usually intend to leave assets behind when they die to support their loved ones. Children and other descendants are often the primary beneficiaries of modern estate plans, as testators frequently want to provide as many resources...
As individuals age, their overall health and cognitive function can decline to a point where they struggle to live independently. They may become dependent on professional caregivers or members of their family for day-to-day tasks. A guardianship involves someone...
If there is just one step that people need to take when thinking about what happens after they die, it is committing to actually creating an estate plan. Frequently, adults procrastinate making this effort despite knowing how important estate planning is for their own...
When a couple becomes parents, it’s often a great time for them to start working on an estate plan. Technically, anyone can make a plan after they turn 18. But many people don’t think about it until some sort of life event occurs that shows them how important it may...
It can be embarrassing or emotional to discuss financial matters with loved ones. Some people simply don't like the idea of talking in depth about their personal wealth or their legacy wishes. Others have complicated family circumstances and are concerned that their...
Estate planning is as much about choosing the right people to manage someone’s interests as it is about providing instructions regarding the distribution of one's property. In fact, both the living documents and testamentary documents included in an estate plan...
As your loved ones age, ensuring their well-being and protecting their interests becomes crucial. In certain situations, obtaining guardianship of an elderly parent becomes necessary if they can no longer make important decisions on their own behalf. Guardianship is a...
You and your spouse are a team who have raised children, bought homes and enjoyed life together. Now, your spouse is living with a debilitating long-term condition like Alzheimer's disease, and you can no longer take care of them at home. They need to move into an...
Assets with financial value and also emotional significance to beneficiaries and the testator often become the focal point of estate planning efforts. Frequently, testators prioritize physical property and may overlook the digital assets that they have accumulated...
An estate plan is not the final say but a living document that requires revisiting based on certain circumstances. Some experts believe that revisiting the paperwork should occur every three years or as certain circumstances require. Remembering to revise documents...
