When planning your estate, you will realize that the smoothest way for your assets to reach your loved ones is by avoiding the probate process. However, this can be easier said than done, and it is important to look into all of the methods at your disposal that can...
Estate Planning
You can prevent all of these estate planning mistakes
Regardless of your situation and goals, creating an estate plan can be a complicated process that brings a lot of stress to your life. Fortunately, when you take the right approach, this doesn't have to be the case. There are many ways to make it through the estate...
Avoiding probate: There are things you can do
When creating an estate plan, you need to think about more than what will happen to your assets upon your death. You also need to focus on how these assets will transfer from you to the appropriate person or people. It's important to learn more about the probate...
Is it time to amend your will?
If you already have a last will and testament, congratulations — you've taken an important step toward protecting yourself and your loved ones, one that far too many adults never take. However, even those with wills may leave their loved ones and beneficiaries with...
Why do young parents need a solid estate plan?
Having a new baby is a joyful event in a parent's life. While almost everything about this is a pleasure for parents, there is one thing that parents need to consider now -- estate planning. Your estate plan is more than a basic outline of who is going to get what if...
Things to consider when choosing a guardian for your child
Estate planning can be difficult enough when you don't have any children. However, if you add at least one child to the mix, you'll soon find that you need to make a variety of key decisions. There are many things to consider when choosing a guardian for your child,...
There are many reasons to update your estate plan
Creating an estate plan is a big step in your life, as it forces you to look toward the future. While you hope that the basics of your estate plan can remain in place for the foreseeable future, there are times when you'll need to make changes. Here are some of the...
A faulty estate plan may cost your beneficiaries dearly
Many individuals, especially those who have worked hard to build up some assets they wish to pass down to beneficiaries, do not properly understand the risks of poor estate planning. The basics are simple, and are broadly available to just about anyone who has...
Take these estate planning steps after a divorce
If you decide to move forward with the divorce process, this will change your life in many ways. While many people focus on the "here and now," such as the impact on their personal finances, you also need to think about the future. This means many things, such as a...
Know how to name the right beneficiary
Are you in the process of creating an estate plan? Are you making changes to an estate plan that you already have in place? Although there are many things you need to think about, at some point you will turn all your attention to choosing the right beneficiary or...