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Probate is the court-controlled process a will goes through before distributing the estate to the beneficiaries. It serves to validate the will and ensure that it is executed as per the deceased's wishes. It sounds pretty straightforward, but there are several reasons...
Unfortunately, estate planning is an area of the law that is often plagued by myths. You'll find you will many people repeat these myths if you ask them about their plan or if you find out that they simply haven't made an estate plan. To help you avoid the same...
You generally use your estate plan to pass on your assets. However, you may be able to use it to pass on your personal values and things that you find important. One way to do this is by using a trust. A trust is a financial device that allows you to set money aside,...
When you create your estate plan, you know you have an heir with a lot of special needs, and so you plan to leave the bulk of your assets to them. You believe that this is the best way that you can help them even after you're gone. However, one unintended consequence...
Your estate plan is meant to persist after you die and give instructions to others about your final legacy. It will provide information about who will serve as the guardian of any children you have and offer instructions about how to distribute your property after you...
If your parent is getting older and they don't have an estate plan, you might want to talk to them about that. Especially if you only have one living parent or if your parents have divorced, having an estate plan in place is very important for your family. Encouraging...
One of the most powerful tools you can include in your estate planning arsenal is a well-drafted trust. With this document, you can enjoy flexibility when leaving assets to your heirs. You can also add more than one trust to your estate plan, allowing you to address...
If you’ve been chosen as the executor of a family member’s or friend’s estate, you may be somewhat relieved that they designated their home to be sold rather than leaving it to one (or more) of their heirs. This can prevent a lot of complications and conflicts. Often,...
Putting your estate plans in order is a gift for your loved ones. Your clear direction can help them resolve any lingering doubts about what you might want in your final hours or how you want your assets and personal belongings divided. An advance health care...
If you’ve just been given a serious diagnosis, such as late-stage cancer, your first thought is likely about what treatment options you have. At the same time, though, you also want to think about what else you need to do in case that treatment does not work or...
