It is rare that assets are divided amicably in divorce (especially if there are children involved). While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents, your ex-spouse may receive assets…
A loss of a close relative is one of life's most emotionally draining experiences, along with the stress of dealing with the deceased's estate. This part can be especially overwhelming. The process of proving to a probate court that the…
A lot of Americans perceive estate planning as a chore they can do once and then file until they die. However, without realizing the potential consequences, many people will change beneficiaries on their accounts or make gifts during their lifetime…
As we age, we are more likely to have diminished mental capacity or declining health, so it is important to create an estate plan to protect ourselves and our loved ones. We need to make sound decisions regarding our finances…
If properly written, a will addresses who receives your assets and properties after your death. Your will names a personal representative (executor) who will carry out your wishes. In addition to asset distribution, your executor makes a public notice of…
There are some overlaps between estate planning and elder law, but both are equally important to protect yourself and your family. The two terms tend to go hand in hand, but there are some differences. The biggest difference is that elder…
Estate planning is being transformed by changing family structures. As recently as thirty years ago, a traditional family consisted of a husband and wife who married young, bought a home, had children, and worked toward financial stability and security. In…
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…
You should include Power of Attorney (POA) documents in your estate planning process. Most states recognize powers of attorney, but each state has its own rules and requirements. The document gives one or more individuals the legal authority to act…