One myth that people continue to believe is that you can be too young to do your estate planning. You will often talk to people who are in their 30s and 40s, but they haven’t made an estate plan yet because they think it’s something that only elderly people do. This...
Estate Planning
It’s never too late to write your will
Many people go through life without considering what will become of their assets after their death. However, you may have come to realize that your estate can benefit the people around you when you pass away. You may want your assets to go to good and caring hands. If...
Do you need to have a family meeting about your parents’ estate plan?
Are you worried that your parents have not yet made an estate plan? If not, they certainly aren't alone, as most Americans haven't done it. The biggest reason for most people is that they are simply going to do it later and they just haven't gotten to it yet, but this...
What is a financial power of attorney?
Many people think about things like who will get their assets when they consider making an estate plan. While that’s an important part of what you need to do, you can’t forget about making the plans for taking care of your affairs if you’re not able to make decisions...
Procrastination over estate planning could harm your loved ones
Estate planning is not an easy subject to talk about for anyone. Young people might see it as a depressing topic and older people might feel uncomfortable about facing the reality of aging. For the reasons above as well as many others, people may not address their...
Reasons you might want to contest a will?
Contesting a will is far from easy. Yet, sometimes it is necessary to ensure a family member’s wishes are carried out, and you get what is rightfully yours. Money issues can lead to lifelong family disputes. So before you share your suspicions that something is not...
3 estate planning myths to avoid
When you start to think about estate planning, it's very natural to think about the things that you need to do. You need to write a will or you need to pick an estate executor. It is very important to consider the whole process from this side. At the same time,...
Why a DIY will is not such a good idea
Creating a final will and testament is a crucial decision that many people choose to put off. Hesitance may arise because the topic of discussing death can sometimes be viewed as morbid. Furthermore, the costs associated with legal appointments and procedures can...
Choosing the right person as your medical power of attorney
There are a lot of ways to address future medical decisions. Some people choose to have a do-not-resuscitate order on file. Others write out their wishes in an advance directive. Still, others just talk to their medical team in advance and tell them what type of...
What can you do if you have a problem heir?
There are times when an adult knows that they need to set up a plan for what will happen to their assets when they die, but they’re worried that an heir will squander the inheritance. There are several options that you have for handling this type of situation. One...