As you draft your estate plan, you begin by listing out the assets that you want to pass on to your children. You may have a significant amount of financial assets that you’ve saved up. You hope it can provide some financial stability to the next generation. Maybe you...
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Estate Planning
What happens to your Facebook account when you die?
Social media has become increasingly important in the modern world, and the odds are high that you use Facebook to connect with far-flung loved ones, communicate with friends, joke around in online communities and save cherished memories. What happens to all that when...
How can loved ones access your bank account when you die?
Taking care of your loved ones after you pass away is one of the most important things you can plan for. There are several different things that you need to ensure are taken care of as part of that plan. You need to set your estate plan, but you also need to make sure...
Why do college students need to think about estate planning?
Estate planning, often associated with later life stages, might seem premature for college students. However, life's unpredictability does not exempt younger adults, making estate planning an important consideration even at this early stage of life. The following are...
Is it time to update your estate plan?
If you have an estate plan in place, then you are further along than most people. Over half of all Americans have yet to address this issue. If you have a plan, remember that estate planning is a constant process, and your plan should reflect your current wishes....
What makes a good executor?
Stating your wishes on how to be taken care of when you become incapacitated or how to distribute your estate when you die makes estate planning an essential process for everyone. But the party you name as your executor plays an integral role in attaining this. You...
How can you pass assets to charities of your choice?
Many people have causes that they want to support. While they can do that while they’re alive, some are fortunate enough to be able to continue to support those charities after they die. There are several ways that a person can make this happen. It is critical to...
Is it typical to talk to the people included in your estate plan?
After you’ve made your estate plan, you may be wondering if you should talk to anyone about your decisions. While some people talk about their estate plans, many people keep their personal matters private. That doesn’t necessarily mean it’s a bad thing to talk to...
Avoid these estate planning errors
Having an estate plan in place can bring peace of mind, knowing that your assets will be distributed according to your wishes after your passing. However, you may make mistakes that can jeopardize your legacy, even with the best intentions, and it can cause...
2 reasons you may want to talk to your heirs about your will
One of the most important things you can do after working hard your entire life is figuring out what will happen to your estate when you die. If you die without a will in place, New York intestacy laws would dictate how your assets are distributed. But what if you...