People are often surprised to find out that most people do not have an estate plan. After all, everyone is eventually going to pass away, so their family needs to know what to do with their assets and things of this nature. But the reality is that many people simply...
One of the primary goals of an estate plan is ensuring that your beneficiaries receive the assets you want them to have. While some people opt to do this through their will, establishing and funding a trust is often another viable option. Some trusts are classified...
You’ve decided to start a business. It’s always been a dream of yours, and you believe you have a successful business model. You fully expect the company to be lucrative and provide an income for your family for years or even decades to come. At the same time, you’ve...
Estate planning is more than just drafting a will or setting up a trust. Filling your plan in a safe place with other important documents is invaluable, but so is keeping track of them and providing access to executors or family members. Creating a "red file" can be a...
One important part of estate planning people often overlook is detailing their wishes for what happens to their bodies after they die. You can state your wish for organs and more to be donated in your advance directive, but what about your final resting place? Do you...
Estate planning is often thought of as something that only elderly or infirm people need to think about. That’s why almost three-quarters of all eligible adults have no estate plan. Nonetheless, the reality is that estate planning can benefit all adults, including...
Creating a will is a smart move for those with dependent family members or valuable property. A will allow a testator to control their legacy and provide support for their family members when they die. The availability of fill-in-the-blank documents online can give...
If you have a loved one with a disability, it helps to tailor your estate plans accordingly to protect their interest and well-being long after you are gone. A special needs trust (SNT) can help you do this. An SNT works like most irrevocable trusts. It is managed by...
Most people in the United States know that you typically can’t just walk into a store and purchase a firearm. Instead, you likely have to go through a background check to make that purchase. Because they’re highly regulated, firearms present a challenge when a person...
As you work on your estate plan, you realize that you have two main goals. For one thing, you’d like to eliminate disputes between your beneficiaries after you pass away. You don’t want to create long-term arguments or drive a wedge between two family members. Your...