It is always a good idea to get important documents, accounts, and information squared away before you actually have to. What is a revocable trust, and do you need one? Important Terms You Should Know As with all legal matters, trusts come with several vocabulary words that not everyone is familiar with right off the
It is important to think ahead. Many people spend decades saving for retirement with no thought of what might happen to their loved ones if they were to pass early. Some assets are bequeathed via
In all fifty states, a will is considered legal when it has been signed in front of two witnesses. To prove its validity, those witnesses affix their signatures to the document. The witnesses may be
If you have already created your Last Will and Testament, you may be wondering how to file your will with a lawyer. What most people don’t realize is that they don’t need a lawyer to
Giving someone the Power of Attorney (POA) is an important step in estate planning. To ensure that your wishes are carried out should you become unable to voice them, make sure you choose someone you
To ensure that your final wishes are carried out when you are gone, it is important to write a Last Will and Testament. However, before you can do that, you need to know what to
Whether you’ve already created your will or not, it is important to carefully evaluate the content. Many people make mistakes that conflict with their wishes. To ensure that your final wishes are honored after you
Getting your end-of-life affairs together is a big job, but an important one. Even if you have already planned your estate with the help of a lawyer, you may need to update it sooner than
If you have minor children, one of your most important tasks is to choose a guardian for them before the end of your life. Establishing guardianship of a child should be done wisely and quickly.
You have probably heard the phrase “getting your affairs in order” tossed around, but what does it actually mean? Begin with the Basics Everyone’s “affairs” look different. Spouses, children, pets, income, property, etc. all play
Many individuals get confused by the many legal terms thrown around when estate planning. How does life insurance interact with wills and trusts, and is one controlled by the others? Let’s take a closer look.
In a time of fear and uncertainty, it can be difficult to keep the facts straight. The coronavirus pandemic has reminded many people that life is short, and we must prepare. While panic is unnecessary,
Many people confuse the terms “will planning” and “estate planning.” In reality, they are two different processes with separate requirements. Let’s take a closer look. What is Estate Planning? Estate planning encompasses will planning, as
The passing of a loved one is never easy, and it can seem even more difficult if relatives have to sort out financial and legal issues. That’s why a final will and testament is so
Whether you are younger or older, organizing your end of life documents should be a priority. Not only does it ensure your final wishes are carried out, but it also protects your loved ones from
Choosing to take someone off of life support is a scary and overwhelming decision. Who ultimately makes that choice, and what needs to be done beforehand? Shared Responsibility In the United States, the decision to
Many people confuse the terms “will” and “trust.” A Will and Living Trust are not the same, but both are valuable for communicating your wishes after you’re gone. What is a Will? A will is