No matter what age you are, it’s a good idea to consider the value of estate planning. Estate planning generally refers to a set of legally binding documents that outline your financial, medical and legal preferences in the event that you are no longer able to make...
Month: April 2022
2 things that are often overlooked in your estate plans
Thinking about your estate plan might bring up thoughts of your will and trusts. But, these are only some of the things you need to include when you create the plan. You also have to consider other points that might have a direct impact on your heirs and...
How can the death of others affect your estate plan?
Your estate plan focuses on what happens when you die. It also serves other purposes, such as looking after you if you fall into ill health, but your death is typically the main focus. You cannot predict when you will die, so it is essential to get an estate plan made...
3 different approaches to naming a trustee
Many people include trusts in their estate plans or even in their long-term care planning when they get close to retirement age. Trusts can reduce the value of your estate, help you qualify for Medicaid or protect your assets from taxation and creditor lawsuits....