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Choosing an executor for your estate is a significant decision that demands careful consideration. The executor will manage your assets and distribute them according to your wishes after you pass away. However, circumstances may arise that necessitate you to select a...
Appointing guardians for your children may feel like one of the hardest parts of estate planning. How do you decide who to trust with such a responsibility? While you should always discuss the designation with the potential guardian before naming them, there are some...
Did you know that more than 60% of the people in the United States die without a will or any kind of direction for their grieving families? Not only can this cause division and disagreements within the family, but not having an estate plan also has legal...
There are many factors that go into writing a complete will, but one important consideration that many neglect to put sufficient thought into is the designation of an executor. It is important to thoughtfully determine who is best for the role, and you might even...
As the executor of an estate, it is your responsibility to distribute the assets according to the estate’s documents. Whether you are facing a delay during the probate process or you are just navigating the executor’s role, what you may not realize is that some of the...
When you create a power of attorney, you sign a legal document that designates another person as your representative. This person can then make legal decisions for you. A durable power of attorney grants this power to an agent even if you are unable to make decisions...
Your estate plan should include more than just your wishes upon your death. In fact, you should also consider your needs if you become incapacitated and unable to make decisions for yourself. A durable power of attorney is an important tool in that case. There are a...
A revocable trust is not permanent. The grantor (who owns the trust) can change or reverse it at any time. This has several advantages and a few disadvantages. What are the advantages of a revocable trust? The biggest advantage is that your loved ones can avoid the...
For many, estate planning seems like a task that you can always put off until later. However, preparing one's assets for the future becomes an increasingly complicated and sensitive matter as the years go by. It can be difficult to bring up the topic of estate...
One of the most critical aspects of putting together your estate plan is to designate an executor of your estate. This individual’s role is to take on the responsibilities you would typically have but can no longer have if you are sick or pass away. Choosing an...