Divorce comes with serious implications not only for you but also for your finances and your loved ones’ future. If you created an estate plan while married, it is in your best interest to review and update it as soon as your divorce is final. Here are important...
People are often put off by estate planning. Talking about your own death can be daunting, and to some, it seems morbid. As such, it is estimated that well over 50% of the population has no will in place. Some choose to get around this hesitation by creating a will on...
At some point in everyone’s lives, we realize that our estate will be left to the wolves after we pass — unless we first establish a will or trust. With today’s medical endeavors that grant us a taste of immortality, allowing people to live into advanced age, you...
Most people wonder whether they should create an estate plan or not. However, pretty much everyone appreciates that having an estate plan simplifies estate administration while ensuring that your assets go to the right people when you pass on. One of the most common...
Safe deposit boxes (sometimes known as safety deposit boxes or lockboxes) aren’t as commonly used as they once were because so many of our important documents are now accessible online and home safes are more common. However, if you have jewelry, coins or documents...
An executor is a person charged with administering an estate according to the owner’s wishes after they pass on. It is a position of trust since they virtually control everything. But, what if they are not acting according to your loved one’s instructions? If you...
People sometimes think of estate planning as only having to do with the matters that must be handled when they pass away. One thing that you need to do is ensure that there’s someone appointed to make decisions for you if you become incapacitated. In your estate...
As you do your estate planning, you really do need to consider all of your assets. If you have been investing in things like Bitcoin and other types of cryptocurrency, these could be worth an incredible amount of money. Experts note that one of the biggest problems...
Digital assets are becoming more and more common. Thirty years ago, someone may have owned a closet full of VHS tapes; now they have a digital library they can access on their smart TV. What used to be a stack of CD cases is now just a folder of music on your phone....
Sentimental items defy the normal logic of estate planning. Traditionally, the goal has been to consider the monetary value of each asset and divide things equally to avoid disputes. For instance, a parent who has $600,000 in investments and three children may keep...