In a world where wealth and prosperity are often celebrated, one might assume that inheriting a significant fortune is a blessing beyond measure. However, the reality can be far more complex than it appears at first glance. Below are the intricacies of inheriting...
Reaching retirement is a big milestone in life and one that should be celebrated. You’re probably looking forward to finally having the time to spend doing all the things you love and getting some well-needed rest and relaxation. Planning for retirement, however, can...
The older you get, the more you wish and can help your parents with complex matters, such as estate planning. While it can be unusual, it's beneficial to know if your parents have drafted crucial documents for their estate plan. However, you need to approach the...
One of the reasons for starting estate planning earlier is kids. When you get a child, you will want to protect them in all circumstances, even when you become incapacitated or die. Guardianship designation is one of the documents you will have in your plan. Before...
The best way to form the foundation of a sound estate plan is by creating your final will. With it, you can express your wishes for dividing estate assets among your loved ones. Once you have it in place, you can continue to build your plan until it meets your needs....
If you are like most people, thinking about what may happen if you are incapacitated or at the end of your life isn’t something you enjoy. However, as a responsible adult, it’s something you shouldn’t avoid. Part of end-of-life planning is establishing an advanced...
Having a will as part of your estate plan is the responsible thing to do. With a will, you have ensured your wishes are followed regarding your assets, guardianship of your children and more. It’s worth noting, though, that a will isn’t an estate plan. In fact, it’s...
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...
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...
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...
