Estate planning is a major task that all adults should think carefully about. While most people think about writing out a quick will, many might not realize that there are other factors to consider when you’re thinking about an estate plan. Your estate plan...
Year: 2022
3 tips when picking someone to execute your estate
The person you choose to execute your estate will take on considerable responsibility. While they can get legal help to do it, you want to ensure they have certain attributes in the first place. Choosing the wrong person can delay the distribution process and could...
Why you need to designate a legal guardian for your child
One life event that often spurs people to start an estate plan is welcoming a child. It’s always wise to designate a legal guardian to care for them if something happens to you and your spouse. While the odds are slim that this will happen, they aren’t zero....
What does a power of attorney mean?
Creating an estate plan means that you need to think about what you want to happen to your assets after you pass away. However, there’s another facet to estate planning that you might not realize exists. You need to consider what’s going to happen to you if you become...
Why a DIY estate plan isn’t the best idea for you
If you are starting to work on your estate plan now, one of the things you might have looked into is using a DIY kit to do so. These kits can be helpful in some ways, such as by giving you an idea of what you need to start gathering in terms of documents or...
Will contest: Proving undue influence
If you suspect your loved one was a victim of undue influence when making their will, you can challenge its validity in a probate court. Undue influence happens between the perpetrator and the victim and takes time. In most cases, the victim and the people around...
Should you set up a trust fund for your infant?
You may have recently had a child brought into your world, but you’re worried that health issues or an unexpected accident could make it impossible for you to watch your child grow up. You can, however, leave your child something behind in the event you pass away. ...
Can a simple letter help prevent a contest over your will?
It isn’t uncommon for family members to contest a loved one’s will after they pass. This can happen for several reasons. However, some situations are more likely to cause disputes than others. Knowing what issues can cause a family dispute after you pass away will...
2 responsibilities when an executor must sell estate assets
As the executor of someone's estate, you will have a lot of responsibilities to manage over the next few months. You have to secure and inventory their property. You have to notify their creditors as well as the beneficiaries of their estate. You will likely also have...
Should a single person use a trust?
You might think that you don’t need a trust since you don’t have a spouse or children, but trusts can be protective of you even if you’re a single person. Trusts help your estate avoid probate, so anyone who has to handle your estate if you pass away will be able to...