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When creating an estate plan, you hope that everything goes as planned, but you know that you're likely to face challenges.Fortunately, there's nothing you can't overcome with the right approach and some guidance. Here are some of the many questions that'll challenge...
Executors have many responsibilities. Some of them include selling your property, filing lawsuits on your behalf, paying creditors, distributing assets and reviewing medical records. Not everyone is an ideal candidate to be the executor of an estate. The person has to...
When it comes to your estate plan, you never want to find that you made a mistake. The only good part of pinpointing a mistake is that it puts you in a position to fix it before it causes harm in the future.People make estate planning mistakes for a variety of...
As you age, your life changes in many ways. Sometimes, you're excited about the direction you're heading. Other times, you're disappointed in something that happened and searching for ways to make it right.Regardless of the life circumstances you're dealing with, it's...
There are many types of professionals that are considered to be fiduciaries, including attorneys, real estate agents or brokers, accountants, business advisers, bankers and financial advisers. Then there are others such as trustees and executors that don't necessarily...
When your loved one asked you to serve as his or her health care proxy, you may have felt trusted and hoped you would never have to fulfill the role. Then recently, you got the news you hoped you would never hear -- your loved one can no longer make decisions for him-...
When creating or modifying your estate plan, consider every option that's available to you. By taking this approach, you reduce the risk of making a mistake that could complicate matters for your loved ones in the future.Many people overlook the benefits of a living...
You may know for a fact that you are named as a beneficiary in someone's will. For example, your parents may have made it clear to you that you are their sole beneficiary.Just the same, there are times when you may be surprised to find that you're someone's...
Estate planning has a way of confusing people. Many people focus so much time on their assets and distribution upon their death that they overlook other details of importance.For example, long-term care planning should be a big part of your estate plan. Without this,...
In the event of incapacitation, you want to know that there is someone who can step in to manage your finances. Furthermore, you want to know that the court won't make this decision on your behalf.A durable financial power of attorney allows you to name an agent. This...