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Having several grandchildren can be a wonderful blessing, but it can also make estate planning more complex than it might otherwise be. As families grow, it becomes increasingly important to create a plan that clearly reflects your wishes and provides for future...
Many married couples assume that they should have a single will that covers both spouses. However, the vast majority of the time, each person should have their own individual will. Although spouses often have similar estate planning goals, a will is a personal legal...
It’s well known that family secrets often cause problems. Despite this, many people are still incredibly secretive about their estate plans with their family. They don’t see anything wrong with it and probably never dream that it could cause problems for their loved...
When married, one of the most significant decisions you’ll face is determining which roles your spouse should take on within your estate plan. Involving your spouse in your estate plan can strengthen your family’s long-term security, but it also requires careful...
When someone feels deeply disappointed or estranged from a loved one, the thought of disinheriting that person may seem like the only way to express disapproval or maintain fairness. Before taking such a drastic step, it’s worth understanding that there are...
As more aspects of life shift online, it is important to consider what happens to your digital assets when you pass away. These assets include everything from email accounts and cloud storage to cryptocurrency and online banking profiles. Without a plan, your loved...
It is most common for parents to create estate plans with roughly equal bequests. For instance, they may divide financial assets equally among their adult children or leave property—like a vacation home—to all of them jointly, making them co-owners. However, it’s...
Have you ever considered making a trust for your estate plan? Much like a will, a trust can allow you to choose who should inherit your assets after you pass away. Unlike a will, a trust can protect your estate from probate, estate taxes and disputes. There are many...
Powers of Attorney (POAs) are an essential component of estate planning. However, to make the most of these documents, it’s important to understand the different types of POA. The agents named in POAs make decisions on your behalf. These can be financial or they can...
If you’re creating a business succession plan as part of your estate planning process, it’s essential to avoid making assumptions. One of the most critical mistakes business owners make is assuming their adult children want to take over the family business. For...
