Creating a will is one of the best things you can do from an estate planning perspective. Even if you do nothing else, this legal document will ensure that your property ends up with the right person or people upon your death. There are several important questions to...
Estate Planning
Should you create a durable financial power of attorney?
There are many ways to create an estate plan that gives you the peace of mind you're seeking. In addition to a will or trust, which is designed to ensure that the right people receive your assets upon your death, there are other estate planning documents you can use...
Do these things to discuss estate planning with your parents
As your parents age, you may come to find that they don't have the best (or any) estate plan in place. This is where you come into play. You want to jump in and discuss estate planning with them. At the same time, you don't want to come across as greedy. Here are some...
What are the biggest estate planning mistakes?
Any estate planning mistake has the potential to have a negative impact on your life, but some are more powerful than others. Fortunately, once you have a clear understanding of the most common mistakes, it's much easier to make the right decisions at every turn of...
When and why should I update my will?
Your will is one of the most important pieces of your estate plan. Without one, the grantor dies "intestate," meaning that all default laws and processes are utilized to divvy up the person's assets and belongings. Having a will is critical, and for those who don't...
What are wills and trusts?
If you are considering how to make your end-of-life wishes known and possible to execute, then you want to make sure you understand the advantages and limitations of two very powerful estate planning tools, wills and trusts. These tools form the basis of most estate...
Assess elderly parents’ needs before planning a move
It's the thing adult children of elderly parents often dread the most - moving their mother and/or father into a more suitable living situation. While this is rarely an easy task, it can be simplified by laying the proper groundwork ahead of time. Whenever you are...