One of the reasons that people often give for putting off their estate planning is that they don’t want to spend money to do it. They just want to save that money so that their children can have it. There are some issues with this strategy, though, including the fact...
Month: January 2021
Estate planning for blended families
Those of us who are a certain age remember the Brady Bunch television show. Mike and Carol got married and merged his three boys with her three girls into one big happy blended family. While the show highlighted the zany antics of everyone living together, what would...
The world’s largest wealth transfer is about to happen
There is an incredible amount of wealth in the world, and all of it has to eventually get passed from its current holders to future generations. While this is something that has always happened, it’s more important today because we’re approaching the largest transfer...
Why do so many people try to avoid probate when estate planning?
The probate courts primarily exist to take action on behalf of people who can't take care of themselves. The probate courts oversee proceedings involving a person's estate. They also approve guardianships and conservatorships for those who cannot act on their own...