Even though we don’t like to think about it, death is an inevitable part of life. Therefore, it’s imperative to have plans in place for when you die, such as creating a will. How does dying without a will negatively impact your loved ones? The complications of dying...
Your will is designed to help instruct how your assets are supposed to be handled after your passing. You may have your estate distributed among family members and friends -- but, since you won’t be around to handle the process, someone must be put in charge. That’s...
Special needs trusts are designed to provide for the well-being of someone who has a disability, without putting their eligibility for important government benefits – including Supplemental Security Incomes (SSI) and Medicaid – in any danger. The money in a special...
When it comes to estate planning and administration, the process of probate often plays a crucial role. Probate is the legal procedure that validates a will, settles the deceased's debts and distributes their assets to the rightful beneficiaries. Supervised probate...
Estate planning helps people organize what happens when they pass away. Their assets may be distributed to heirs and funeral arrangements may be made. The testator can even make plans for their underage children to be cared for by a trusted guardian and a power of...
Estate planning can be a very complicated, involved process in which people put together multiple documents to arrange for the transfer of property to their loved ones when they die. Testators seek to retain control over who receives their assets and will often try to...
Estate planning protects your wishes should you die or become incapacitated. To achieve this, you should observe the required processes when creating all your estate planning documents, including having witnesses when signing your will. But who should you choose as...
A living will, also known as an advance healthcare directive or healthcare declaration, is a legal document that allows individuals to outline their preferences for medical treatment in the event they become unable to communicate or make decisions about their own...
Planning for the future can be a daunting task, but it’s a crucial step in ensuring that your loved ones are cared for when you're no longer here. As part of your estate planning, an irrevocable trust can provide a multitude of benefits for your heirs. Despite its...
An estate plan is a preparation for the distribution of an estate in anticipation of the testator’s passing. Good estate plans can preserve the testator’s legacy, protect their loved ones and make it easier on their heirs as they grieve. They also make sure that...
