Planning for a future that doesn’t even include you is an act of responsibility and love for those you’ll eventually leave behind, and it generally involves making a lot of decisions about how to safeguard your legacy. Before you decide how to go about that process,...
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Estate Planning
Make sure your estate plan addresses sentimental value
As you make an estate plan, one of your top goals may be to reduce the odds of a dispute between your adult children. You know that it’s possible, and maybe you’ve seen it happen in other families. You do not want your estate to drive a wedge between your children. As...
4 kinds of trusts to consider
In your estate plan, you have the option to create one or more trusts. A trust can provide you with more control over how your estate is distributed after you pass away than if you only have a will. Likewise, a trust can protect your estate from facing estate taxes,...
Wills vs. trusts: What you need to know
Comprehending the differences between wills and trusts is essential when planning for the future. These two estate planning tools serve unique purposes and offer various advantages and limitations. Here, you can learn more about the differences in wills and trusts and...
Reviewing your estate plan as the new year begins
If you are like most adults, you have not yet crafted an estate plan. If this is the case, consider tackling this effort as a New Year’s resolution. It’s a necessary undertaking that can help to protect your interests and safeguard your legacy should something go...
What to look for in a guardian for your child
If you’re making an estate plan as a new parent, you’re not just thinking about what would happen to your financial assets or your possessions. You can put them in a will, put them in a trust or take other steps to address these assets. But your main focus is likely...
Why include digital and social media accounts in an estate plan?
Did you know that any content you store in digital format can be considered a digital asset? Most people accumulate a substantial online presence in the course of their lives through email accounts, internet-based enterprises and blogs. In an era dominated by digital...
How to choose the right executor for your estate plan
Estate planning can be an excellent way to better ensure that your assets are allocated according to your wishes after you're gone. One key decision in this process involves selecting the right executor. This individual will play a pivotal role in executing your will...
What should you do with your old will and trust documents?
Creating your plan is the first step in the estate planning process—you must review and update it routinely to ensure it meets your needs and accounts for any changes in the law. Sometimes, you may only need to make simple changes, which you can probably do by adding...
2 estate planning must-haves you shouldn’t overlook
In the ever-evolving landscape of financial security, estate planning stands as a foundational pillar for individuals and families alike. It’s an essential tool to help preserve your legacy and to better ensure that your hard-earned assets are distributed according to...