If you do your taxes online, why not create your estate plan online? There are multiple sites with state-specific templates. You may see some of them advertised on television. Why spend money and time with professional estate planning guidance, especially if you just...
Those who decide to draft estate plans are already ahead of the curve. A substantial portion of adults in the United States fail to establish estate plans at all. They may convince themselves that their circumstances do not warrant an estate plan or that they have...
Trusts are powerful estate planning tools. They come in various types to allow people to address a variety of challenging circumstances. Trusts can help protect assets from creditors, limit the use of inherited resources and shield people from collection activity and...
A will is a legal instrument that allows the testator to instruct how their estate should be handled after they pass away. It is the job of the executor to carry out these instructions. An executor is named in the will and is often someone close to the testator, such...
A trust is a legal arrangement in which an individual, referred to as the grantor, transfers their assets into a trust managed by a trustee for the benefit of designated beneficiaries. The primary purpose of a trust is to provide a structured and efficient way to...
A testator (someone who makes a will) can change their mind about their beneficiaries regarding different matters, including preventing them from receiving property from the estate. Disinheriting a loved one can be complicated but necessary in certain instances. ...
All adults should have an estate plan, so their loved ones know exactly what to do when something happens. When minor children are involved, it’s even more important to have everything in order. There are some special considerations that you have to think about when...
Heading off on a military deployment requires plenty of preparation, but not just that of physical and tactical gear. One of the most important of these preparations is getting an estate plan in place. For those in the military, estate planning becomes less about age...
When you are in the process of creating your will and naming your child as a beneficiary, you may have concerns about their poor spending habits. Setting up a spendthrift trust ensures that your child will have financial security for years to come. According to the...
When you’re making your estate plans, choosing who to name as the executor of your estate can be tough. After all, you’re asking someone you love and trust to take on a very big responsibility – and it’s not an easy job. The executor of your estate will have a large...