Estate Planning

It can feel like an honor when someone asks to execute their estate. Years later, when they die, and you have to step up to the task, you might realize you took on more than you bargained for. Executing an estate is a tough job that requires a lot of your time. If you...

If you like to do things yourself, you might consider using an online resource to create your estate plan. While it is possible, it is probably not the best idea. Estate planning mistakes can be costly If you have bought clothes online, you will know it does not...

History is full of heart-wrenching stories of dogs who mourn their owners. If you cannot bear the thought of your pooch spending the rest of its life looking for you, you need to take steps to ensure it is well cared for after you are gone. You can name a caregiver in...

When creating your estate plan, one vital element is giving someone the ability to control your finances if you become incapacitated. Otherwise, you could leave your family wondering how they will pay your health care bills because they cannot access your funds. You...

A recent survey found that only 17% of Americans have set up a trust as part of their estate plan. What is worse, only 3% of those asked even mentioned a trust when asked to talk about what estate planning involves. One of the major issues with trusts is that people...

When people talk about inheritances, they often use the terms heirs and beneficiaries interchangeably. Yet, there are two different words for a reason. They do not mean the same thing. What is a beneficiary? If you make a will, you can decide to whom you would like to...

Imagine this. In a few years from now, you pass away unexpectedly. Your spouse is consumed by grief, your children inconsolable. All any of them want to do is lock themselves in the house and cry. Yet they cannot, for there are essential tasks to be done, such as...

Many people put off their estate planning. They think they are too young or too poor to need one. Or they intend to make one but never get around to it. While this is the biggest error you could make, it is not the only one. Estate planning errors could cost you and...

One commonly asked question is what happens to the power of attorney after someone dies. The short answer is it becomes invalid. Let’s look at why. What is a power of attorney used for? When you give someone power of attorney, you provide them with authority to make...

Being an early adopter of new technologies such as cryptocurrency can create opportunities to make money before the rest of the world catches on. Yet, it can also create issues when the authorities are still deciding how to regulate it. If you are one of the estimated...