Everyone knows that you have to draw up a will or a trust to facilitate asset transfers after you are gone. This being stated, there are some finer details that should be attended to when you are devising your estate plan, and we are going to look at three of them in this post. Advance Directives … [Read more...] about These Three Estate Plan Details Are Easy to Overlook
Inheritance Planning: Protecting a Spendthrift
When you are planning your estate, you may have concerns if you will be leaving an inheritance to someone that is not good with money. If you name them in a simple will and provide a lump sum inheritance, they could burn through it too quickly and have nowhere to turn later on. These situations … [Read more...] about Inheritance Planning: Protecting a Spendthrift
Do You Need a Lawyer to Plan Your Estate?
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?
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
Can You Include Your Pet In Your Estate Plan?
The majority of American households have some type of pet, and dogs and cats enhance the lives of their owners in many ways. If you own a pet as part of a family and you pass away, the rest of the family will provide the care that the pet needs. However, everyone is not in this position. Pet … [Read more...] about Can You Include Your Pet In Your Estate Plan?
Is Your Estate Plan Incomplete?
A lot of people think that estate planning boils down to the execution of a simple will. This is definitely part of the equation, but there are other matters to consider, and a will is not always going to be the best asset transfer vehicle to utilize. Other Options You should definitely take pause … [Read more...] about Is Your Estate Plan Incomplete?
