The AARP cites data showing that more than half of U.S. adults have not drafted a will. It is an alarming statistic because every person should have a customized estate plan in place. Estate planning generally starts with a will.…
Estate planning and trusts are closely related concepts, but they serve different purposes within the realm of personal finance and wealth management. Estate planning and trusts are two terms that often come up in discussions about managing assets and…
Every adult should have a comprehensive, customized estate plan in place. Yet, the AARP cites survey data showing that six in 10 Americans lack a will—let alone other estate planning documents. An estate plan can help you secure your legacy.…
Navigating estate planning can feel like traversing a complex landscape, with two essential landmarks looming large: the trust and the will. These two instruments, while both integral to crafting a comprehensive estate plan, serve distinct purposes and operate under differing…
When you’ve created an estate plan, it’s important to notify certain individuals and entities to ensure that your wishes are carried out smoothly. Here’s a list of who you should consider notifying: Immediate Family Members: Inform your spouse, children, and…
A will is a legal document that outlines a person’s wishes regarding the distribution of their assets and the care of any dependents after their death. In a will, the individual, known as the testator, can specify how they…
When Should You Start? When is the right time to start planning for your estate? The answer is “now.” No matter how much wealth a person has, everyone needs to plan for the unforeseeable, and the best way to get…
We all know, there are two types of trusts: Irrevocable and Revocable. People prefer Revocable Trust because it can be modified by the Grantor anywhere and anytime. Revocable Trusts are used to ensure that a Probate Process case is…
Many people think having a Will is enough to protect their assets, but a Will is best used as a last resort rather than your primary plan. It’s important to protect your assets for your legacy – and it’s…
A power of attorney enables someone to deal with aspects of your life such as finances or health care planning. A durable power of attorney often becomes effective when you become incapacitated because of an accident or illness. Keeping a…
