People who have children and get remarried need to give careful thought to the best way to ensure that everyone in the blended family gets their fair share of the estate. It isn’t usually sufficient to simply write a will that leaves everything to your spouse because...
Estate Planning
Debt is an inheritance your children won’t thank you for
When creating an estate plan, it is crucial to look at your entire financial situation. You need to consider your debts, not only your assets. If you die before you can pay off your debts, it will have implications for your family. What happens to debt when you die?...
Questions to answer when creating a health care power of attorney
As you age, there's a chance that you may not be able to make health care decisions on your own. The same holds true if you suffer a serious injury or are struck down by an illness.And for this reason, it's imperative that you plan for the worst, while always hoping...
Estate planning and your first child
There is nothing more exciting than bringing a child into the world for the first time. While your life is sure to change in many ways, there's nothing you can't handle with proper preparation.Estate planning may not be the first thing you think about after having a...
What to do if your parents don’t have an estate plan
As your parents age, you'll have a lot of worries running through your mind. For example, it's common to have concerns about their estate plan.If you come to find that your parents don't have an estate plan, it's important to discuss your concerns with them. When...
Anyone can believe one of these estate planning myths
When it comes to estate planning, there's so much gray area that it's easy to confuse fact and fiction. Unfortunately, if you believe a simple myth to be true, it can harm your ability to create a comprehensive, legally binding estate plan to protect you and your...
What should you look for when comparing nursing homes?
There may come a point when you're seeking a nursing home facility for yourself or a loved one, such as an aging parent. With the right long-term care plan in place, you'll find it easier to not only make a final decision but to also pay for the required service.With...
Long-term care planning: Focus on these details
Creating an estate plan can be confusing, challenging and rewarding all at the same time. This is particularly true when you take into consideration long-term care planning, as it brings you face-to-face with the possibility that you may require regular health care...
Is it time to review your estate plan?
Once you create an estate plan, you'll feel much better about the state of your affairs. However, don't assume that you're set for the rest of your life.There are times when it's critical to review your estate plan, as you may need to make some adjustments to ensure...
Estate planning fears are very real
The simple thought of estate planning has the potential to raise your blood pressure and make you sweat. And if you're actually in the process of making estate planning decisions, there's a good chance you'll feel even more anxious.Estate planning fears are very real,...