An estate executor has a variety of jobs when someone passes away. Hopefully, that person has written an estate plan, and it is the executor’s job to carry out the plan. This includes tasks like reading the will, mailing copies of the will to beneficiaries,...
People make estate plans to provide their loved ones with the instructions they need to handle the creator’s affairs when they pass away. Most estate plans are executed without any issues, but there are times when estate litigation becomes necessary. There are a few...
If you have been named or appointed as an executor of an estate, you will be tasked with ensuring the estate is settled according to the deceased’s wishes. It is a significant responsibility that requires a careful approach to avoid exposing yourself to legal and...
Revocable living trusts are important estate administration tools that can help you ensure that your estate is taken care of as per your wishes. A revocable living trust provides several benefits, including the following. 1. Protecting your privacy Probate proceedings...
The world is steadily advancing in terms of digital technology, and almost every one of us has a digital footprint. When it is time to plan your estate, how you handle your digital presence determines the ease with which your heirs can access and manage your online...
Creating an estate plan gives you the power to dictate who is going to get which of your assets. While many people assume this is best done in the will, there’s another tool that you may choose to make it happen. This is the trust. Trusts provide you with a...
When it comes to estate planning, people often use a will to transfer assets. Some people will also put their assets into a trust, which can then distribute those assets to the beneficiaries. Still others will give gifts while they’re alive, perhaps seeking to reduce...
Creating your first estate plan feels like a monumental task. Nevertheless, it is the ideal way to safeguard your assets and loved ones after you are gone. Starting with the must-haves below can help you address your most pressing concerns and offer an opportunity to...
One misconception about estate planning is that the process is only for people who have a large amount of wealth. However, anyone can benefit from an estate plan. Even if a person has very little assets, they could create an estate plan for health care decisions and...
Making an estate plan may seem daunting. Yet, once you start you’ll probably find it is far less so than you imagined – especially if you get appropriate legal guidance. Once you have the initial plan, it becomes relatively simple to keep it up to date, which you must...