It’s always wise to include an advance health care directive in your estate plan. In fact, adults of any age can benefit from having one even if they don’t yet have a will or other estate planning documents. An advance directive allows you to codify your wishes if...
You may have heard in the past that you need a power of attorney document in your estate plan, but you may not know what kind you need. There are several different POA documents that you can select from when choosing agents to care for you or your affairs. One of...
Planning for what happens in the event of death can be a daunting prospect for anyone. However, younger individuals may be especially wary of tackling their estate plan. Often, estate planning can be viewed from a negative perspective and seen as a morbid subject....
Choosing the right personal representative for your estate is a critical decision. As the executor or administrator of your estate once you are gone, it is paramount that you pick someone who has your interests at heart. In addition, they will likely take on...
Essentially, trusts and wills serve the same purpose - passing on your estate to your beneficiaries after you are gone. However, you need to carefully consider your objectives before settling for either of the two. A will is a legal document that expresses your wishes...
Life is always changing -- and this is never more true than when it comes to your estate plans. When you first created your estate plan, it was reflective of your situation, your assets, the people in your life and the law of the day. If you look back three or five...
There are two main types of trusts: revocable trusts and irrevocable trusts. These trusts are both created while you’re still alive, so they’re called living trusts. The ways that they differ is in how you control your assets, the tax benefits and if you have a right...
Little by little, artificial intelligence (AI) is being integrated into our daily lives. Every industry is being affected by AI, some for the better. Thankfully, there are still some things that humans are much better at, like practicing law. Law seems like a...
Distributing the belongings or money of a loved one may be one of the most difficult things an individual may do. It may be only slightly easier to carry out this important task if the loved one left a will. If there is no will, the process becomes even more...
Your estate plan doesn't just explain who will receive what property from you when you die. It also strongly influences how people remember you. The inheritance that people receive from you will have a dramatic influence on your ultimate legacy. Protecting that...