Adapting your estate plan to benefit all your heirs
When creating your estate plans, it helps to accommodate the unique circumstances of your loved ones and craft a tailored plan that works best for everyone. This means considering each heir’s situation and ensuring your estate plan provides them with the necessary...
Estate planning considerations this Christmas
Most people get some time off work over Christmas and the New Year. If you have not yet made an estate plan, you could use some of this time to start thinking about yours. Then, once the holidays are over, you can get help to put it all in writing. Here are a few...
How estate planning benefits new adults who just turned 18
People often associate estate planning with middle age or retirement. It is obviously important for those who have become financially secure or responsible for other people to have plans in place in case of a tragedy. However, even those who expect to have decades of...
How can you change an irrevocable trust?
Irrevocable trusts are among the most powerful estate planning tools in use today. Done right, they offer significant tax advantages, protection from creditors and asset control that can extend beyond the grantor’s lifetime. By their nature, irrevocable trusts are not...
How is a power of attorney different than a living will?
When considering medical decisions in your estate plan, you have two documents you may want to use. First, you may consider using a power of attorney. Second, you may be thinking about using a living will. Both of these documents can be beneficial, but they do operate...
3 compelling reasons to add powers of attorney to an estate plan
Many adults do not have any estate plan whatsoever. Those who do often have basic wills and no other documents. However, integrating additional legal instruments into an estate plan can be a beneficial decision. Estate plans can provide guidance to family members and...
2 tactics for reviewing your estate plan
If you have already written an estate plan, you are ahead of the game. Most people have not. Simply by virtue of having an estate plan in place, you are more prepared than average. However, there is the risk of creating an estate plan and then neglecting it. Some...
Writing a will may not be enough
If you don’t have an estate plan and you want to start one, you will probably begin by writing a will. In your will, you can name beneficiaries and the assets you want to leave to them. You could say that your first-born child gets the family home, for example, while...
Why is becoming a parent a good time to estate plan
If you have not yet made an estate plan then becoming a parent gives you an extra incentive to get it done. While you will already have your hands full with your newborn baby, creating an estate plan can help you ensure they will always be cared for. Things you might...
Don’t forget about your estate plan as you divorce
When people are responsible about their estate planning and don’t put it off until they’re well into their senior years or have serious medical issues, they know they will likely need to make some modifications as their lives and their families change. Certainly,...
