One of the most important elements of a comprehensive estate plan is the guardianship provision for your children. Appointing someone to care for your children after your death is a big decision. When you finally make a choice, you need to draft a guardianship...
A living trust is an effective estate planning instrument that combines your property and assets into one secure entity. It allows you to maintain control over your assets while alive and distribute them to your named beneficiaries when you are gone. You must assign a...
It can be worrisome to have a child who has a serious disability. After all, your son or daughter might not be able to work as an adult. Luckily, there are probably some public benefits available, provided your child has limited assets and income. As you probably...
Whether you are a child of elderly parents or anticipate needing care in the near future, it is important to understand your options. Making a long-term care plan ahead of time, with those options in mind, may help avoid unwanted communication problems with your...
When you start your estate planning, there are probably things on your mind like who inherits your estate or what powers of attorney need establishing. Depending on your situation, there may be pieces of tangible property to identify like your house as well as...
Every adult should have an estate plan. If you worry about your parents' estate plan, it may be time to have a conversation about it. According to Business insider, you need to know how to bring it up gently to have a conversation. Find a reason to bring up the estate...
If you are like many others, you may think that you do not need an estate plan or will until you hit your 50s, 60s or older. However, you have probably realized that every day is a gift, and tomorrow is not guaranteed. You can protect your heirs and mitigate or...
Creating an estate plan is crucial to protecting your assets and family after you are gone. However, you must also update your will and other estate planning documents as your life changes. Numerous situations call for a review of your estate plan to make certain it...
In developing your estate plan, you will determine what will happen to your assets after you are gone. You may want to consider gifting some of your assets to your heirs while you are living. In 2022, an individual can gift up to $16,000 of property to one person...
Proper estate planning protects the assets you worked so hard for during your life. Living wills are a crucial part of estate plans and actually protect you while you are still alive. These legally binding documents specify what kind of medical treatment you prefer...
