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Category Archives: Estate Planning
5 essential documents for your estate plan
Establishing an estate plan is an essential task that protects your assets and carries out your wishes after your passing. Although this is important, many individuals overlook it because…
What is intestacy?
When you die, you need to have some way to allow those left behind to take legal possession of your assets. Most people will create a will or estate plan…
Understanding the dangers of undue influence
As people age, it is normal for them to begin to take their estate plans more seriously. Many people involve their families in their estate planning process. Involving the family…
2 Myths about second marriages and estate planning
Most people do not worry about their estate plans until they age. However, at this point, you may be in your second marriage, and you and your spouse may have…
How long will it take to close your estate?
Choosing an executor is a critical part of estate planning and one that requires time and thought. The person you select should have adequate availability to oversee the many responsibilities…
Using charitable giving as part of your estate plan
When you hear the word “heirs,” you most likely think of close family or friends. However, you can also name charitable organizations as beneficiaries of your estate plan. Gifting your…
Power of attorney abuses to look out for
A power of attorney (POA) is a legal document that gives another person the authority to make decisions on your behalf. Several types of POAs exist, including a durable POA,…
The difference between an individual and corporate trustee
Establishing a trust can be an excellent decision for your financial legacy. However, with the establishment of a trust, you have to make several important decisions, includingestablishing a trustee. You…
Should you include a letter of intent in your estate plan?
If your estate includes special needs planning for a child who will require lifelong care, you may consider including a letter of intent. This letter is not a legal requirement,…
How a trust protects your adult child when a marriage fails
You worked hard to create a legacy to leave behind to your children, and you may worry about what happens to what you leave your child if he or she…
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