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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...
There is no predicting how family relationships will turn out as children grow into adults and find their own ways. You may be living proof of this if your adult children are living lives that are very different from what you had hoped and planned for them. Perhaps...
If you've been appointed as the executor of someone's estate, then you've likely already been advised by the testator, their attorney or a judge just how long it can take to adjudicate a case. The probate process can take anywhere from weeks to years to see it through...
There is no denying the fact that there is a lot of gray areas associated with estate planning. Even if you have a good working knowledge of estate planning, your legal rights and federal and state laws, you could still make a mistake that costs you and/or your...
Once you decide to create a trust, you'll be faced with a variety of questions that require your attention. For example, you need to choose a trustee. And when doing so, it's imperative to name the right person.Answer these questions as you compare trustees on your...
As a parent, you want the best for your children's future. You also know that you would do anything for them and provide them with anything they needed. As a result, when you consider your estate plan and desires for property distribution, you undoubtedly want to...
As challenging as it may be, it's satisfying to create an estate plan that you can trust. Not only does it ease your mind and reduce tension, but it's sure to do the same for your loved ones.After creating an estate plan, you shouldn't put it away and hope that...
As your parents age, it's critical that you help them with a variety of tasks related to their finances and health. In many cases, this leads you to discuss topics that fit under the estate planning umbrella.There are a variety of important questions to ask your...
You're faced with a variety of challenging and important decisions when creating an estate plan. Among them is deciding who to name as your beneficiary.Even if it sounds simple and straightforward, the more you think about it the more you'll realize that you have...