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All in Estate Planning
A will or trust contest can wreak havoc on families. The conflict can result in possibly irreparable resentment and loss of familial communication. Careful estate planning can help you substantially reduce the risk, or even avoid this problem entirely. Read on to find out ways to you can build your estate plan to keep the peace and minimize family conflicts after you’re gone.
Every day we make hundreds of decisions from what to eat for breakfast to where we go on vacation. But, what will happen if you can’t make decisions for yourself? Before that time comes, there is one important decision you need to make. Who do you want to serve as your guardian? Read on to learn about the type of person that should make decisions for you when you can’t make them for yourself.
It is important to understand that blended families and subsequent marries create important and unique issues when it comes to estate planning. You may need to account for a prior spouse who is still caring for minor or disabled children, and also possibly make sure your current spouse and any children you had together – and any step children – are also taken care of after you pass away. The good news is that estate planning can take all of these factors into account.
You might believe that a will is only for the rich and famous, and not the average person who has a far smaller net worth. On the other hand, you may think that a will is entirely unnecessary since you have a trust, jointly owned property, or have named beneficiaries on your insurance. So, do you really need a will? The short answer to this question is “yes.” Read on to find out why.
With the fall season approaching, it’s an excellent time to review your affairs. This checklist wil ensure your planning meets your needs and is up-to-date.
If you are trying to figure out what all the estate planning terminology means, I’ve broken down the following terms to help you understand each and how they work together to give your family peace of mind and to ensure your life and healthcare wishes are carried out.
