Most people do not have estate plans in place, and a sense of overconfidence is one of the reasons. Many young adults think they will draw up a will at some point when they are senior citizens, and the matter will be closed. There is really nothing to think about, and a lawyer is not … [Read more...] about Do You Need a Lawyer to Plan Your Estate?
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Survey: Two-Thirds of Americans Don’t Have Estate Plans
Death and taxes are two certainties of life, and we all acknowledged one of them recently in April. However, the vast majority of people do not plan ahead for the other one, and this is an oversight that is not getting any better. Caring.com Survey Each year, Caring.com conducts surveys that ask … [Read more...] about Survey: Two-Thirds of Americans Don’t Have Estate Plans
Avoid These Costly Inheritance Planning Missteps
There are some estate planning errors that people often make that yield negative consequences. With this in mind, we will look at three of these common mistakes in this post to help you steer clear of them. Do-It-Yourself Estate Planning If you conduct a search to find information about estate … [Read more...] about Avoid These Costly Inheritance Planning Missteps
Prince Estate Case Underscores the Risks of Intestacy
Prince was an extraordinary songwriter, musician, and onstage performer, and his death in 2016 created a void in the entertainment landscape. He was a very wealthy man, and his royalty rights generate ongoing income, so his estate was very valuable. It would be logical to assume that someone in … [Read more...] about Prince Estate Case Underscores the Risks of Intestacy
Have You Checked All These Estate Planning Boxes?
When you fill out important contracts, you make sure to “dot the i’s and cross the t’s.” It is important to attend to all the details, because mistakes can yield costly consequences. The same mentality should be applied when you are devising your estate plan. Yes, you have to create a will or a … [Read more...] about Have You Checked All These Estate Planning Boxes?
Is Probate a Good Thing?
If you use a simple will to record your final wishes, you name an executor to act as the administrator. This person would not be able to follow the instructions and distribute inheritances to the beneficiaries independently. The executor would be required to admit the will to probate, and a court … [Read more...] about Is Probate a Good Thing?
