Divorce is one of those significant life events where you need to update your estate plan. You should revise it every year or so anyway. But births and deaths, marriages and divorce may require more significant changes. Here are four things to consider: Powers of...
Month: January 2022
Reasons to consider adding a living will to your estate plan
A comprehensive estate plan might include multiple different documents, each of which can protect you in different ways. A will allows you to name a guardian for your children and to designate beneficiaries for your property after you die. This is the most basic...
How should a trustee handle complaints by a trust beneficiary?
Serving as a trustee can be a thankless job. Even if the trust compensates you for your time, you will likely put in a lot of work that you don't charge for, to say nothing of the stress you endure in your personal time or the impact your responsibilities may have on...
What to know about gifting money from your estate
Making sure that your loved ones don’t have to spend a lot of money on estate taxes is important if you have a high-value estate. There are several things that you have to consider when you’re trying to do this. You make decisions that propel your wishes forward. This...
Factors to consider when setting up a medical power of attorney
If you'd like to choose an agent to help you make medical decisions or to make them on your behalf when you can't do so, you can do this with a medical power of attorney. This can give someone who otherwise wouldn't be able to make these decisions the ability to act...
Should you talk with your children about your estate plan?
The chances are good that your children will be the main beneficiaries of your estate when you die, especially if you have since gotten divorced or your spouse has already died. Your children may already have a vague idea about how you want to split your assets and...