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When creating your estate plan, one of the most crucial things to focus on are your key figures. These are the people who will either help you during your end-of-life process, or will benefit from your estate after your death. As key figures often change, it is...
Contracts are at the heart of every business transaction, from hiring a cleaning company to acquiring a competing business. While some of the terms are obvious, the benefits of other clauses may be dubious. Arbitration clauses have the potential to be either good or...
The brilliance of a special needs trust is that it provides funds for the beneficiary to use on certain supplemental expenses while preserving his or her eligibility for means-tested government financial assistance. If your loved one qualifies for Supplemental...
When someone designates you as the executor of his or her will, you become the administrator of his or her probate estate when (s)he dies. This makes you a fiduciary. As FindLaw explains, this means that you represent the estate and its beneficiaries, i.e., the heirs....
It is easy to think of a trust as an account that holds assets, but the true definition is that it is a legal document that sets out the holding of assets. A trust is more like instructions than an actual tool. Once you understand what a trust is, you can begin to...
As you age, you become more vulnerable to illness and complications. In some cases, these illnesses may incapacitate you physically or mentally. If you cannot make financial or medical decisions, then you have to depend on someone else. According to U.S. News, a power...
Probate is not always a long process even though many people think that it is. A simple estate can often move through the process quickly. However, complex estates will usually take more time. According to SmartAsset, you can usually tell how long probate will take...
It is vital to have an estate plan, even for recent college graduates, but it is even more important to have a well-written estate plan. Do you know which blunders to avoid while tending to the task? Kiplinger explores common estate planning missteps. Explore them to...
When you have a child with a disability, you may have to consider how your child might support himself or herself once you are not around to help. Many parents of children with disabilities seek to help secure the futures of their children by creating something called...
Choosing a person to be the executor of your estate may feel like the crowning touch of your estate plans. Composing a solid will and appointing a good executor can do a lot to shorten the probate process. However, selecting just one individual to be your executor...
