An estate plan is a valuable way to ensure that future generations will benefit from your hard work and accompanying wealth. However, an out-of-date estate plan can complicate your final wishes. Here are three situations that warrant an update to your estate plan. 1....
Estate planning goes far beyond writing a will. Creating a thorough estate plan means going through all your belongings and making the transfer of your belongings and accounts go smoothly. It is the best way to ensure that others follow your wishes after death....
Creating a comprehensive estate plan is one of the more effective ways to maintain control over what happens to a person's assets after he or she dies. Nowadays, though, many estate plans also deal with end-of-life matters, such as critical care decision-making,...
It is a proactive and prudent responsibility to set in place a written plan of succession for your business. Many small businesses go under after the death of the original owner because there was no clear plan in place. Business agreements are separate from the will...
Estate planning can seem like a daunting or depressing task. However, without proper planning, you will not have a say in how the state divides your assets. If the process seems difficult, make small, simple steps to at least cover the basics of estate planning. 1....
A Power of Attorney plays a very important role in your estate planning. The person you designate must act in your best interests and can make decisions on your behalf should you become incapacitated. Choosing the right person for this role can be difficult. This...
There is a lot more to estate planning than writing out your last will and testament. If you want to ensure your heirs can follow out your wishes in the quickest and most effective manner after your passing, you will need to provide as much detail about your estate as...
Whether you have already set up an estate plan or you find yourself in the early stages of the estate planning process, it is pivotal to take a look at estate taxes if you have significant assets. In fact, federal estate taxes could apply, depending on the value of...
The idea of people using your money without your consent can feel like a major violation. However, this is what often happens during emergency situations when no power of attorney is in place. Your decision to name a power of attorney as part of your estate plan can...
