Estate Planning

Even though having a will is an important aspect of a well-rounded estate plan, many individuals fail to plan for the future and draft one. When a person passes away without having a will in affect, his or her estate goes into intestate succession where state law...

Drafting a comprehensive estate plan can be a difficult task when faced with numerous options and a large estate. The process can, however, be made simpler by divvying up your end-of-life duties among your children.Your estate plan essentially takes care of tying up...

One of the common misconceptions about estate planning is that it is put off mainly because it is a depressing process. Even though aging and our and inevitable mortality are somewhat depressing, many people put off estate planning simply because it is...

The idea of an estate plan is usually one reserved for conversations between retirees. Many people believe that unless you are advancing in years, you don't need an estate plan. While there are certain cases where it may not be necessary to have one, even a rough idea...

You may feel a weight lifted off your shoulders after creating your estate plan. However, your estate plan is not just a one-time thing you complete. You need to review your estate plan and update it accordingly to make sure everything is up-to-date and accurate as...

If you are considering giving gifts as a part of your estate plan, you may be concerned with how taxes may impact your plans. While estate planning can be complex, gift giving is commonly used as a way for individuals to protect their estate and bestow loved ones...

If you are considering a will as your main source of estate management, you have likely been asked or read about the powers of appointment. These positions differ from trustees and are usually present in any will. Knowing the different types of power of appointments...

Procrastination is a like a warm blanket draped over you: once you have it, you just don't want to move or do anything else. You just want to lie there in your comfort. As great as that would be, your life is still going on while you're covered by that blanket. You...

As an individual gets older, they can fall victim to all sorts of things including illness, injury and even financial struggle. Some of these threats are common in the course of aging. Others are inflicted upon them by greedy and uncaring people looking to take...

Several weeks ago on this blog, we delved some of the most common pitfalls in estate planning. Of course, estate planning is a broad subject, so we only touched on a few of the most prevalent errors people make in the process. This week, we will pick up where we left...