A living trust provides more control over your assets and the process for dispersing them after you are gone. It also helps avoid probate, because the trust will own your assets going forward. According to Kiplinger, many estate planners forget to...
Misinformation can result in complications when planning your estate. Before you start the process of drafting a will, reviewing these common myths can help inform smart choices for your finances. These are the facts behind four often-repeated estate-planning misconceptions. The age...
Every adult should have an estate plan. Clearly mapping out your desires for how you want your assets distributed after your death lessens the burden on those you leave behind. While most people think of having a will drawn up,...
As strange as it sounds, passing down your business is one of the most important business decisions you make. In fact, you should have a plan for business succession before your business even gets off the ground. In order to...
It is natural to feel a sense of accomplishment after your estate plan comes together. After all, it has plenty of moving parts and takes a lot of time, effort and energy to orchestrate. But the journey is not over...
If you have a Florida will, your estate may pass through probate faster than if you die without one, but particular assets are still subject to the process. Going one step further and creating an estate plan can increase the...
When you create your estate plans, you do so with the intent of protecting your legacy. However, if you do not update your estate planning documents, your legacy could end up in the hands of some stranger or intended person....
Choosing a personal representative is an essential part of estate planning. According to Forbes, a personal representative is responsible for locating assets as well as debts, providing your will to the court for review, paying taxes, valuing the estate, and many...
It is definitely true that wills are the cornerstone of the estate planning process. However, they are also subject to probate, which can be problematic if your will is contested by family members. To ensure your estate is properly protected,...
From ensuring that assets pass to loved ones easily after your death to establishing clear directions about your long-term health care preferences, estate planning is often important for both financial and emotional peace of mind. However, maintaining your estate plan...
