Like many people, you may have created an estate plan earlier in adulthood – maybe when you started a family. Unfortunately, it may fail to address your needs as you enter your senior years, even if you regularly update your documents. Many things about your life can...
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Estate Planning
2 mistakes to avoid when choosing a guardian for your child
No one wants to imagine the possibility of someone else raising their child. But life has its share of uncertainties. As difficult as it is, the decision to designate a guardian for your child is one that you should never overlook. A guardian is basically an...
Is it necessary to update an estate plan?
One of the things people don’t always realize when making an estate plan is that their plan can be updated. While an estate plan isn’t at risk of expiring, an out-of-date estate plan may make your wishes unclear for your executor and heirs. Some people schedule to...
The home you inherited has a lien. Now what?
Inheriting a home – particularly one you don’t plan to live in – can be a mixed blessing. Chances are that eventually you’ll be able to sell it for an amount that more than makes up for any time and expense you put into fixing it up and dealing with issues surrounding...
4 estate planning myths debunked
Estate planning is a complex matter and it can only seem more daunting when misinformation is believed. To help you as you make an estate plan, you may need to debunk some old myths. Here’s what you should know: Myth 1: You must be over 50 years of age to make a will...
Signs of undue influence in your loved one’s will
The passing of a loved one is undoubtedly a difficult time for anyone. It becomes even more challenging when suspicions arise regarding the legitimacy of their will. Undue influence occurs when an individual manipulates or coerces a testator into creating or altering...
Can you prevent someone from disputing your will?
Will creation is a crucial part of the estate planning process. By dedicating time to creating one, you are taking full control of your legacy as well as your loved ones’ futures. Better still, you will be taking the guesswork out of the picture as far as your wishes...
Is your estate’s trustee violating their fiduciary duties?
Being a trustee comes with enormous responsibilities. These individuals are responsible for administering the trust upon the grantor’s demise. This involves ensuring that the grantor’s wishes are executed per the provisions of the trust instrument. To effectively...
3 reasons your heirs can challenge your estate plans
Your estate plan is more than just a will. It includes multiple documents that outline what should happen to your estate after you pass away, and if you have advance directives or living wills, it outlines what your heirs can do while you are living. What you include...
Would a reversible trust fit into your estate plan?
Older Americans sometimes delay their estate planning for far too long. This can backfire on them -- and even more so on their surviving spouses and any dependent children. You want to do the right thing for your heirs and beneficiaries, but in these uncertain times,...