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If you were to think about what assets your estate plan should cover, you would probably think of any real estate you own, the contents of your bank accounts and other financial investments. There are other things you might not consider, however, that are equally...
Among the many reasons why some couples in long-term relationships choose not to marry is that they don’t want to deal with all of the documentation and bureaucracy that comes with becoming legally married. There are, however, some documents that committed, unmarried...
As you work on your estate plan, you decide that you want to address future medical decisions. You know that there is always a chance you could become incapacitated. You could be injured in a car accident or have a stroke, for instance. You never know what the future...
Making a plan about who you want to receive what after you pass away is important for adults. The best way to do this is to get the estate plan in order. Getting this set up requires a multifaceted approach. One option that you have is to set up and fund an...
Many people experience different emotions when drafting an estate plan. It's not easy preparing for incapacitation or death. Nonetheless, you can manage your feelings and, in turn, smoothen your experience. Here is how you can do this: Accept your emotions Estate...
Preparing a last will and testament is a critical step in managing your estate and ensuring your wishes are honored after your passing. You may hear or read about more than one type of will, each serving different purposes and addressing various aspects of estate...
A Payable On Death (POD) account is one way that you can transfer assets to a beneficiary upon your passing. As such, it’s something that you may consider setting up while doing your estate planning. But it is much different than a will or a trust. With a POD account,...
It can be good to make an estate plan, even at a young age. Maybe you’re just in your 30s or 40s, so you feel like you’re nearing the halfway point of your life, but you have a lot of time left. Even so, drafting an estate plan at this time can help in case of an...
An adult who’s creating an estate plan might be focused on the ways in which they can pass down their assets to their beneficiaries. While that’s an important part of estate planning, planning for the unexpected is another critical consideration. If you’re getting...
Why are more people than ever concerned about estate planning? Because they know it safeguards their assets, secures their legacy and helps ensure that their final wishes are honored. You probably already understand the purpose of a will – to distribute assets per...