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If you have worked hard to build a family business, it is only natural to want to protect and pass it down to the next generation. But figuring out the best way to pass wealth to your dependents is never a walk in the park, especially if the wealth in question is in...
No one wants to think about dying. We all want to enjoy the time we’re here and spend our time doing things we love with the people that matter to us. But, speaking of the people you love, when you pass away it’s going to be important for them (and for you) to know...
As your parents get older, you might notice that they are losing the ability to think clearly, make rational and informed decisions and even care for themselves. Perhaps they are developing a degenerative condition like dementia or Alzheimer’s disease, have recently...
It isn’t easy to contemplate an end to life, much less plan around it, but doing so is vital during your life and after you die. Through estate planning, you can provide for your loved ones, preserve your assets and direct your healthcare. Those who have never created...
Numerous surveys conducted by widely-respected sources confirm that as few as one out of every three Americans has an estate plan in place. Therefore, if you’re either thinking about drafting an estate plan for the first time or you already have one in place, you’re...
If you have children, they probably expect to inherit something when you pass away. Yet child-parent relationships can sometimes become strained, and you might decide you don’t want to leave anything to one (or all) of them. Should you leave them to find out when it’s...
When deciding how to distribute assets to your heirs, do you find yourself wondering how your heirs are going to use the money? Maybe you don’t care enough to create an official trust that guarantees it has to be used for one specific thing, such as a college...
When your loved one passes away, the last thing you want to think about is dealing with the legal aspects of administering their estate. The unfortunate situation is that there are things that need to be handled, including making an application to probate. This is the...
The estate planning process often involves using more than one method to make sure your loved ones get what you want them to have. While many people might think of the will as the first place to put assets they want to pass down, this is often not the best option....
As you make your estate plan, one thing you may consider is setting up a power of attorney. When you do this, the documents allow you to choose an agent. You are giving them – the agent – the power to make decisions for you. The general reason that people do this...