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There are three distinct types of wills that people may draft to provide instructions about their estates. Frequently, people partner with lawyers to draft printed, professional estate planning documents. Other times, testators might want to draft electronic...
Estate planning is usually associated with preparing for death, but that’s only part of the picture. Equally vital is planning for the possibility that you may become incapacitated and unable to manage your affairs. Without proper safeguards, court intervention could...
When someone passes away, their assets are typically distributed according to their last wishes listed in the deceased person’s will. However, every year, fewer and fewer people draft a will. When someone dies without a will, they can unintentionally create...
If you’re preparing for divorce or have already begun the process, it’s important to go through your estate plan, if you have one in place, and determine what modifications need to be made. Some changes can be made at any time. Others will be made automatically by the...
Estate planning should provide clarity, prevent confusion and give you and your loved ones peace of mind. However, a common and often costly mistake people make during this process is choosing to favor one heir or beneficiary over another. Whether it stems from a...
Creating a will is a deeply personal and important task that helps ensure your wishes are honored and your loved ones are protected when you’re gone. For many aging parents, it’s natural to turn to their adult children for help during this process. After all, these...
If you are like most Americans, you likely process much of your life experience online. From social media accounts and cloud storage to email and subscription services, digital assets are a significant feature of modern life. Yet, many people overlook these assets...
If you are making an estate plan, a good place to start is by writing a will. This isn’t necessarily the only document you need—you may also use a power of attorney or set up a trust. However, a will is the foundation of the estate plan. Why is a will so important?...
There’s no legal obligation to talk to your beneficiaries when drafting an estate plan. You can simply let them find out what they inherit after you pass away. You don’t even have to tell someone if you’re disinheriting them. However, if you want things to go...
Estate planning is essential for ensuring that your assets are distributed according to your wishes after your passing. However, one often overlooked aspect of estate planning is liquidity. Having sufficient liquidity in your estate plan is crucial for covering...