When it comes to estate planning, many people only think about what will happen to their assets upon their death. While this is important, there are other things you need to think about.
A conservatorship may sound like a good thing, but it can actually lead to an expensive and time-consuming court proceeding.
Do you have a child under the age of 18? Are you concerned about what would happen to this person if you and your spouse were to pass on?
Are you in the process of creating an estate plan for the first time? Are you updating your estate plan to better suit your needs? If you find yourself in either position, it's important to learn more about a durable financial power of attorney.
Many people create a will or trust to ensure that their assets end up with the right people upon their death. But have you ever considered the fact that there is more to estate planning than what happens once you are gone?
As you create your estate plan, you need to think long and hard about a future in which you won't be around. For many, this means making sure their family will be safe.
Choosing a guardian for your child is easier said than done. This is a big decision that should be treated as such. If you rush through the process, you may find yourself making a change at some point in the future.