Estate planning traditionally starts with a will, which allows you to list out which heirs get which assets. You can leave one child the car, for instance, while another gets the art collection. You can leave them both the house and let them decide what to do with it....
You know that you need to leave your assets to your children -- and, potentially, to your grandchildren -- when you pass away. You have started thinking about how you want to do this. While digging into it, you have started to worry. Are the children going to wind up...
Generally speaking, though you are getting older, you feel healthy. If you do wind up in the hospital for some reason, you know what type of care you want. You assume you will simply tell the doctors about it at that time. That projected future may play out exactly...
One of the big fears that you have with your estate planning is that leaving money to your heirs is going to rob them of the motivation they need to find success in life. You're very well off, after all, thanks to a lifetime of hard work and smart financial decisions....
Quick show of hands: Who will need an estate plan some day? Obviously, anyone reading that sentence should raise their hand. Everyone will pass away eventually. Any assets they have, no matter how many or how few, need to get passed on to the next generation....
Many people often associate making an estate plan with getting older. They wrongly assume that it's not necessary to make such a plan unless you are in your 40s or 50s. However, this is simply not the case. Estate plans are not only necessary for planning your legacy...
Setting up an estate plan can be daunting, especially if you are just starting out. There are a lot of elements that go into estate planning and deciding if you need a trust is just one element. If you are debating whether or not you need a trust, it is likely that...
It's generally not very pleasant to have to think about the end of your life. Many people will put off planning their estate or creating a will for years. That can leave their families, minor children and assets in legal limbo if they unexpectedly pass. However,...
If your aging relative requires nursing home care, you probably want him or her to live in the best nursing home available. The thing is, nursing homes can appear like a great match for your loved one, when, in fact, they are not. It takes time and diligence to ensure...
If you have not started preparing your will, it is past time to do so. By having a will in place, should you pass away, you will maintain control over what happens to your estate. For example, if you have a preference in regard to how your beneficiaries divide your...
