Estate Planning
Essential Estate Planning Documents: Protecting Your Assets
Posted on July 5, 2023
Estate planning is about protecting more than your assets. It is about protecting you and the people you love and care about. Part of estate planning involves protecting yourself while you are still alive. The other important part is protecting your loved ones after you are gone. By protecting your assets with the right estate planning documents, you can maximize the benefit to your survivors. You will likely need a variety of different documents. Modern estate planning involves far more than making a will. In fact, a will might not […]
Taking Care of Beloved Pets: Your Estate Planning Options
Posted on June 27, 2023
Estate planning typically focuses on the management and distribution of assets to beneficiaries, guardianship for minor children, and legacy planning. However, it’s equally important to include provisions for your pets in your estate plans. If you are like many people, you consider your pet to be a family member.
How Often Should You Revise Your Last Will and Testament?
Posted on June 15, 2023
Making a will is one thing, but knowing when to revisit it is another thing altogether. When a person makes decisions about their property and assets, as well as how their estate will be distributed amongst their beneficiaries, they record such wishes in a document called a last will and testament. Though estate planning is essential, it is only effective if the document’s provisions reflect the person’s current intentions, wishes, and family circumstances. This is why it is essential to revise a will periodically, especially when significant life changes take […]
Six Signs it is Time to Update Your Will
Posted on June 2, 2023
Your last will and testament is the foundation of your estate plan. Your will explains how your property should be distributed to beneficiaries, designates a guardian for minor children, and describes your final wishes. It can be thought of as an instruction manual in probate showing how you want your assets to be distributed. Creating a will is essential. However, it is not a one-and-done task. Many different life changes and circumstances will necessitate an update of your will and other estate planning documents. In this blog, we will explain […]
What is Digital Estate Planning, and Why is it So Important?
Posted on May 23, 2023
Consider the last time you shared pictures of your grandchildren or your latest vacation with your friends. Were the pictures in a physical photo album? If you are like most people, your recent photographs are likely on your smartphone, tablet, or computer. Every day, our lives are becoming more and more digitalized. A crucial part of estate planning is determining what happens to online accounts and digital assets. E-mail accounts, photographs, videos, social media accounts, and smartphone applications are just some of the thousands of digital assets you probably own. […]
Estate Planning Instruments for Transferring Real Estate
Posted on May 17, 2023
For many people, real estate properties are the most valuable assets they own. Personal residences, vacation homes, and other real estate properties also have significant personal and sentimental value. Many people include their home in their will, but there are many different estate planning instruments above and beyond a will that allow for the transfer of real estate. If you intend to leave one or more real estate properties to your loved ones, make sure you are using the right legal tool for the job. Joint Tenancy with Right of […]
Unmarried? Make Sure You Understand How This Influences Inheritance Rights and Estate Planning
Posted on May 8, 2023
Did you know that less than half of adults in the United States are married? Over the past few decades, marriage rates have dropped significantly. Fewer and fewer people are choosing to get married, and living with a romantic partner to whom you are not married is becoming increasingly frequent. For many couples, waiting to say “I do” is the smart choice. Nobody should rush into a marriage unless they are truly ready to marry. That being said, unmarried couples should understand the risks involved in foregoing an official marriage […]
Understanding Testamentary Capacity in the Context of Estate Planning
Posted on April 28, 2023
Anyone who signs a legal contract must do so of their own free will. An individual cannot be forced, manipulated, or tricked into signing a contract. These rules also apply to estate planning documents such as wills and trusts. Testamentary capacity refers to a person’s ability to create and agree to a valid will. An individual must be of sound mind to create a will that holds up against a will contest. Whether you are planning to create your will or you have concerns about the validity of a deceased […]
Key Estate Planning Considerations for Anyone Getting Divorced
Posted on April 25, 2023
If you are in the middle of a divorce or thinking about ending your marriage, make sure you understand how to update your estate plans to reflect your new marital status. Divorce can be very overwhelming, and it is not uncommon for people to neglect crucial estate planning concerns during and after their divorce. Update Your Power of Attorney for Healthcare and Finances A power of attorney is a legal tool used to designate an individual who has the authority to make decisions on your behalf. A power of attorney […]
Using a Special Needs Trust for a Child With a Severe Disability
Posted on April 18, 2023
If you are the parent of a disabled child, you are probably all too familiar with the expenses that come with a serious disability. The cost of special education, medical care, assistive devices, and other needs can be significant. For now, you may be able to cover these expenses by directly paying for your child’s needs. But what happens when you pass away and can no longer directly provide financial assistance to your child? A special needs trust is an estate planning tool that parents of disabled children can use […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.
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