Members of the military have a more dangerous occupation than the average American. Because of this, service members should make estate planning a priority. Make a plan and prioritize estate planning now so in the event that something happens to you, your loved ones will have clear instructions for your assets. Letter of instruction A…Read More
Twenty years ago most people would only have a handful of online passwords to remember. Today, our digital life is much different. We bank online, some have cryptocurrencies, pictures are stored in the cloud and our daily lives are interwoven with digital information. Not everyone makes plans for their digital assets after they pass away,…Read More
An updated will and testament is more important right now than ever before. The last thing anyone wants is a will that is created poorly or is not updated regularly. These wills are vulnerable to being contested or being formally objected to. A will contest can wreak havoc on both your finances and your family…Read More
Typically, when a person dies with a will, they have an executor who was named in the will. This person is responsible for being sure that the deceased’s money and property is given to the right people and the debts are paid. Once a person passes away, the executor should file the will in court…Read More
The death of a parent can be a difficult time. These times are made easier if your loved one had a will, power of attorney, and full state plan. Even though you and your siblings are grieving together, past differences can crop up and money is usually the culprit. If you discover that you have…Read More
The biggest question regarding estate planning is this: Do I really Need a Will? The short answer is yes, everyone should have a will. People who die without a will leave behind a lengthy probate process for their families. Probate without a will is an experience unlike any other. Wills are not just for the…Read More
Beneficiary designations are widely used in financial and estate planning. These designations are commonly used to name the individuals or entities who are to receive the proceeds of life insurance policies, annuities or retirement plans after the death of the owner. Through the use of beneficiary designations, many assets can be transferred after death without any…Read More
Wills and trusts are important elements in any comprehensive estate plan. These legal documents are called “living documents”. Most people realize it is important to have a will and/or trust, but many forget to update them as changes in their situation occur. Those who create a will or trust using an estate planning website usually…Read More
If you are named as an executor for someone’s will you should consider it an honor. That person believes that you have the ability to settle debts, distribute assets and complete all the tasks necessary to close out their estate. Even though you are not required to accept this position, most executors feel compelled to…Read More
Families who do not get along are common. Bad family dynamics should be considered when it comes time to do your estate planning, including your will or trust. Fractured relationships may cause you to disinherit that person, as unpleasant as it may be. Additionally, divorce, blended families, or addiction tend to change family relationships faster…Read More
