Sound estate planning helps you and your family successfully navigate some of the legal challenges that arise now and then. A will establishes your desire to pass on property to certain heirs and to make your wishes known in many circumstances. You might sometimes...
One avenue of estate planning that many families do not have at the top of their priorities is the cost of a future funeral. You and your loved ones may insist on talking about inheritances and powers of attorney. However, planning for these costs have a number of...
When choosing an executor for your estate, you may want to default to someone you know well. After all, your relationship with your executor is undeniably important. However, is it the most important part when it comes to picking an executor? Surprisingly, that is not...
An injury or illness can result in mental incapacitation. A medical power of attorney is a legal document that gives someone else authority to make health care decisions for you if you are unable to make them yourself. A medical power of attorney can be an important...
An estate plan with a will and any necessary trusts can protect your assets and ensure that your family receives the assets you wish without a lengthy and complicated probate process. Many people begin an estate plan without a thorough understanding of the...
It has taken you years to build your business, so you naturally want to leave it in good hands when retiring. That is the goal of succession planning, which is the process of choosing people to fill essential positions long before the need arises. Creating a...
An estate plan can benefit people of all ages, no matter where you may be in life. Additionally, a good estate plan will include certain items to ensure you remain protected. While professional assistance is a must, you should also be aware of these essential items....
If you want your business to continue after you retire, a solid succession plan could be essential. Given that some small businesses fail because of poor planning, you should know which mistakes to avoid as you compose a strategy to pass your business to a new owner....
After a death, emotions often take a turn when it comes to a will, with some family members deciding that they should contest it. While 46% of U.S. adults who do not have a will in place leave their loved ones in a lurch, according to a Gallup survey, you want to...
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....
