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Discussing estate planning with elderly parents is a sensitive conversation that you should approach with care and consideration. As loved ones age, it becomes increasingly important to talk with them and make sure you understand their wishes. Here are some steps and...
Creating an estate plan gives you control over what happens to your property if you become incapacitated as well as after your death. A well-crafted estate plan can help reduce or eliminate taxes, ensuring more of your wealth goes to your loved ones. One strategy to...
Becoming a parent for the first time is an exciting and life-changing experience. As a new parent, you are welcoming a new member to your family, but also welcoming many new responsibilities that come along with parenthood, including planning for the future. Though it...
Expectations often run high when someone dies and it comes to reading that person's will. Everyone from children to siblings to more distant relatives often expect to receive a distribuion from the decedent's estate. However, the will does not always conform to these...
Many people feel intimidated by the thought of estate planning to the extent that they put it off altogether. However, even though estate planning may not feel like an easy thing to tackle, it doesn't have to be intimidating or overwhelming. The right attorney makes...
Estate planning allows you to prepare for the future and help ensure the carrying out of your affairs to your wishes. Part of that is planning for your loved ones to receive assets that may enable them to do certain things like go to college or purchase a home of...
A properly drafted estate plan, which includes your will, and often a trust, can protect both you and your loved ones' future and ensure your wishes concerning the distribution of your assets at death are realized. Therefore, a critical part of your estate plan...
Most people have a basic idea of what a will is and what it does. However, myths about the topic persist. These are three of the most common myths about wills. 1. Only senior citizens and sick people need wills While everyone hopes they will not need a will until they...
When you agreed to become an executor, you may not have understood everything the role requires. Perhaps you even worry about making mistakes. Learning about the key roles of an executor may help you build confidence in acting as one. Here are five tips to help you...
When you are going through the work of sitting down with your attorney and crafting your estate plan, there are a lot of decisions to make. It can be challenging to figure out how to divide your assets among all of your children and other loved ones in a fair way. One...