Most of the time, a will is going to include two different types of assets. First, you have physical assets that the person owns. These are tangible in nature, and may need to be sold or simply given to various family members. Examples include art collections, homes,...
The will you draft determines who inherits property from your estate and who will care for the people that currently depend on you, such as your minor children or your ailing parents. Many responsible adults create wills when they have people who require financial or...
Estate planning is not an easy process. Not only do you have to think about what happens when you die, but you also have to learn about probate law. Taxes, creditor claims and even Medicaid could affect how much of your estate passes to your loved ones and heirs. The...
Disappointments in an estate plan might result from unrealistic expectations. If you always thought you were your mother's favorite, you might have anticipated her leaving more to you than to your siblings. Receiving an equal share could feel unfair in that situation....
Creating a will and estate plan is an important part of establishing your wishes for your legacy after you pass away. However, simply using these tools is not always enough to make sure that your beneficiaries do not challenge your will when the time comes. In many...
The coronavirus pandemic has triggered an increased interest in estate planning. From medical professionals that are on the front line fighting the virus to others that have used the change in regular scheduling to prioritize the matter, this push to get a will in...
You have plenty of assets, but you have found that the items you're most concerned about don't truly have that much value. These sentimental items are important to you.Whether it's something like a military award or as simple as your childhood toy, you can still...
There is more to a piece of property than its utility. As families create memories there, they develop a value beyond dollar signs and market estimates. Whether it’s a long-held home, a treasured piece of land or even a vacation condo, how can you ensure a...
The ideal for the legal system in many ways is equal treatment for everyone under the law. However, people of different backgrounds have different concerns they need to address. That is certainly true in estate planning, where women may have to consider a different...
You want to protect your assets, even when you are gone. Thankfully, estate plans are helpful tools for parties to use to designate specific assets and their distribution.Consider a few essential elements to orchestrate the proper care of your estate, such...
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