Whether new parents already have an estate plan in place or they have never so much as drafted a will, the arrival of a new family member should serve as inspiration to get their affairs in order. Having a proper estate plan in place can both ensure that someone whom...
Estate Planning
How to make your executor’s work easier
Appointing an executor is crucial when creating a will, as they will ensure your wishes are fulfilled. Besides this, executors have several duties to perform to ensure your estate plan protects your loved ones as you intended. For this reason, their work can be...
Does your estate plan address your digital assets?
The foremost purpose of an estate plan is to ensure that someone’s wishes concerning the distribution of their assets and sentimental property after death are made clear and made known. Additionally, supplemental documents – like advance healthcare directives –...
Choosing your estate executor
Deciding who will be your estate executor is an important one. You want someone reliable, organized, and detail-oriented to handle your affairs after you pass away. Here are some things to consider when making your choice. One of the most important factors is trust...
Should you leave your business to your children?
You’ve always had an entrepreneurial spirit and a lot of drive – so opening your own business was always a goal. Over the years, you’ve managed to create a thriving company that you could easily see lasting for decades to come. So, do you leave the business to your...
2 reasons why someone should not be your power of attorney
As part of the estate planning process, it’s a good idea to start thinking about power of attorney. This makes sure that you have someone you trust in place who can make healthcare and financial decisions for you when you’re no longer in a position to be able to do so...
Why do people add powers of attorney to their estate plans?
As an independent adult, you likely don't want to put yourself in a situation where someone else has control over your money or your health care, as you likely realize that many people who would take such a position could do so because they have an ulterior motive....
3 simple tips to help you minimize your probate costs
We all want to live a little something behind for the people we care about when we die. Sadly, a huge chunk of what you’ve worked hard for can end up going to the government by way of probate fees when distributing your estate. Basically, probate is the process of...
What’s the difference between a trust and a will?
A trust and a will allow people to decide who will inherit from their estate. Despite that, a trust and a will aren’t the same kinds of legal documents, however. These legal documents each have their unique advantages and disadvantages. Here’s what you should know:...
How can an estate plan protect your health?
A large part of estate planning involves thinking about what happens when you eventually die. The other main purpose is to put precautions in place in case you fall into ill health. There are two parts to this kind of planning: financial and medical. Financial...