As you create an estate plan, you may want to learn more about the probate process. If nothing else, you should learn what happens and where you fit in. Although every situation is unique, probating an estate typically includes the following: -- Collecting all probate...
Estate Administration & Probate
Create a special needs trust for peace of mind
Are you currently caring for a child or another loved one who has special needs? Do you worry about what will happen to this person once you pass on? If you have these types of concerns, it's important to learn more about the benefits of a special needs trust. This...
Power of attorney planning
When it comes to estate planning, there is never a good time to hesitate. Instead, every detail, no matter how big or small, should be taken care of without delay. There are many strategies to consider, with many people focusing strongly on the use of a power of...
Choosing a trustee means focusing on these overlooked details
Creating a trust may be the best decision you ever make from an estate planning perspective. However, before the process can be completed, you need to choose a trustee. This is the person responsible for carrying out the details of the trust upon your death. Many...
Who should you choose as the executor of your will?
As you create a comprehensive estate plan, you'll begin to feel better about the future. During this process, you'll be faced with many important questions. Here is one that is sure to sit at the top of your list: who is the best person to name as the executor of your...
Facing probate after the death of a loved one
When a loved one, such as a parent, passes on, it can be difficult to pick up the pieces and move forward with your life. Even so, you need to know what's expected of you to ensure that everything is taken care of in the appropriate manner. This means many things,...
What are the responsibilities of a will executor?
When creating an estate plan, there may come a time when you need to choose a will executor. Conversely, you may one day find that you are responsible for taking on this task. Either way, it's imperative to understand the responsibilities of a will executor. This way,...
Who is in charge of money left to your children?
As a parent, you naturally want to do everything in your power to ensure that your children are provided for both today and in the future. To that end, you may have taken steps to execute an estate plan that not only appoints guardians, but also identifies your assets...
Consider the many types of trusts when creating an estate plan
Are you in the process of creating an estate plan? If so, you understand the importance of making all the right decisions. While a trust is not the right approach for every individual, it may be something that fits your estate plan. If you are interested in creating a...
If your parents’ estate plan was ineffectual, learn from that
Did your mother, father or both parents manifestly ignore all important dimensions of estate planning to such a point that you and other surviving loved ones went through a flatly stressful -- as well as time-consuming and expensive -- ordeal to properly attend to...