When someone creates a Will or a trust, they are considered to have the free will and mental capacity to make their own decisions about what happens after their death.
There are a myriad of myths and misconceptions around estate planning. Understanding the intricacies of estate planning is essential to ensure the orderly distribution of assets and protecting the security of your loved ones. Here are some of the most common estate planning myths you should know about. Get Estate Planning Help Myth 1:…
If you are interested in charitable giving in your will, it is important to understand how to properly name a charity as a beneficiary.
What are the Responsibilities of an Estate Trustee? Your estate trustee is responsible for administering trusts, including inter vivos and testamentary trusts. This means that trustees’ responsibilities include administering the trust, executing the estate’s terms in a timely manner, and acting in accordance with the best interests of the beneficiaries. Being a trustee is a…
Pets are wonderful companions that become part of the family. Having a pet can provide people with a sense of purpose, decrease loneliness, and can improve quality of life for those who are aging or ill. However, many people do not know how to plan for their pets’ care after they are gone. Options…
What is a Living Trust? A trust allows you to provide financially for dependents or other loved ones, such as children or grandchildren. A trust can be set up in various ways, depending on your individual needs and preferences. One of the most common types of trust is called a “living trust.” A living trust…
Will Considerations for Blended Families In blended families where two people in a couple may each have children from previous marriages and/or have children together, asset distribution after death can be somewhat complex. What Happens to My Blended Family if I Die Without a Will? It is highly recommended that those with blended families have…
Estate Planning For Childless Individuals What Happens if You Die Without a Will When You Have No Children? If you are a childless person and you die without a will, your assets go to your spouse or common-law partner. If you don’t have a spouse or common-law partner, your assets will go to your parents….
How to Avoid Family Disputes Regarding Your Will Discuss Your Will Early & Often It is a good idea to talk to your family about your will and estate plan early on, so that everyone is aware of what to expect. Having these kinds of discussions often is also a good idea, so that nobody…
How to Talk About Inheritance with Your Family Talking to your family and loved ones about your estate plan is a good idea because it helps ensure that everyone has the information they need, knows what to expect when the time comes, and helps prevent potential family conflict. Get Help With Your Estate Planning Starting…
