The equitable division of assets among children is the logical and right decision in many situations. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family issues after you are gone. While the answers
Grieving after losing a spouse or long-term partner can make it difficult to see beyond your grief. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan. In truth, estate planning is perpetual as it accounts for
It may have taken years for you to cultivate and protect your legacy for future generations. But have you thought about the impact it will have on family members who are in different stages of life after you are gone? It’s crucial that your loved ones are ready for the
Despite its negative reputation, probate can sometimes be avoided or minimized with thoughtful estate planning. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what probate is in conjunction with careful estate planning can minimize probate’s impact on an
An estate plan consists of several documents that outline a person’s wishes. During the process, you can name people to make financial decisions on your behalf when you are unable. You can designate beneficiaries for your assets. You can also express your wishes for what type of medical care you
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