When your kids were growing up, they all had distinct personalities and traits. Those qualities likely continue to manifest in adulthood, at least in some form. Now that it’s time to do your estate planning, you wonder how to best protect your heirs after you’re gone....
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Can your children actually inherit your property?
As you consider your estate planning, odds are that you just assume your children are going to be the main beneficiaries who get your assets when you pass away. This may not be the case if your spouse is still alive and they have a claim first, but you do think that...
Is it time to review your estate plans?
Estate planning is one of the most important things you can do for yourself and your loved ones. It ensures that your assets are distributed the way you want and can also provide peace of mind in knowing that you have taken care of everything. However, estate plans...
Do you need to make an estate plan for your debt?
Estate planning often focuses on distributing the assets that you own. People also use it to do things like making medical decisions in advance. But it’s important to remember that it also has to address debt. Specifically, if you pass away with outstanding debt, that...
Incorporating charity into your estate plan
You’ve taken the important step of addressing your estate plan. First of all, you want to make sure that all of your loved ones are cared for should you become incapacitated. However, there are other things that you also want to include. You’ve always been a...
Did you plan for incapacity?
As you get older, it’s natural to think about end-of-life planning. However, younger people also need to consider this planning step. What would happen if you were unable to make decisions for yourself? Who would handle your finances and medical care? Do your loved...
4 things to remember if executing an estate for the first time
You might have said yes straight away when someone asked you to execute their estate. A lot of people do so out of loyalty to the person asking. It might not be till that person dies that you consider what it entails. Here are some reminders when you feel overwhelmed:...
If these people die, you need to change your estate plan
When you make your estate plan, it is your death you have in mind. So it might seem odd to suggest you need to think about other people dying. Surely they have their own estate plans for that? Hopefully, they do, but their death can still affect your estate plan if...
Dying without a will is especially risky for LGBT adults
Creating a will may seem like an unnecessary expense and a morbid exercise, but it is an important step for every adult to undertake. There is no way to know what could happen in the future, and if you don't proactively create documents before you have a serious...
Why include an advanced healthcare directive in your estate plan
When you create an estate plan, you are taking a necessary step to protect yourself and your loved ones when you pass away. While this is true, many people don’t realize there’s more that goes into an estate plan than just a will. One document you need to include is...