Americans consider estate planning, or asset management in case of incapacity or death, important, but not urgent enough. As reflected in a survey, 67% of the nation still have not established their estate plans. Despite the COVID-19 pandemic magnifying how...
Even with someone in charge of an estate, like an executor, conflicts between beneficiaries may be unavoidable, especially when a huge inheritance is at stake. And because of the intricacies of familial relationships, estate disputes can make the members feel very...
Probate is the process of legally recognizing an individual’s death for estate administration purposes. When a person dies, they leave behind their estate. Before the surviving heirs and beneficiaries can receive their share of the estate, the court will have to...
Every adult should have an estate plan to let their heirs and beneficiaries know how to handle their property after they have passed away. Most people are familiar with wills as part of estate planning, but many aren’t as familiar with trusts. A trust is a legal...
One of the purposes of a will is to establish clear boundaries regarding an individual’s estate distribution plan and intention. This estate planning tool aims to make the probate process smooth and worry-free for the decedent’s heirs and beneficiaries. However, a...
Many people who become incapacitated by sickness, old age or severe injuries are unable to make decisions about their medical care and treatment. Documents like medical directives and medical powers of attorney can help you avoid this situation and keep control over...
Estate planning lets you decide what happens to your assets after you pass on. It ensures that your possessions go to the correct people and helps reduce conflict among family members over matters like inheritance. Because of your will's importance, it should cover...
There is no single correct way to do estate planning. Each estate plan should be carefully curated to each individual’s needs and priorities. Nevertheless, individuals must consider all possible components that may benefit their estate. One of the components of estate...
An estate plan is a process of arranging your assets for distribution after your passing. In other words, you’ll designate family, friends and loved ones to inherit from your estate when you die. While that may seem simple enough, estate planning can be complicated....
All adults need to take the time to set up an estate plan that outlines their wishes for after they die. There are several components to consider. Learning about how they all work together is beneficial. As you’re creating your estate plan, you must ensure you aren’t...
