How to distribute assets to beneficiaries isn’t always a simple decision. Not only do you want to consider how best to distribute your assets, but you also want to consider how and when beneficiaries should be able to access inheritances and then ensure this is all documented in your estate plan. An article from Kiplinger, “Estate Planning? … Continue reading How Do I Leave Assets for Heirs?
Category: Inheritance
What are the Advantages of Putting Your Home in a Trust?
Property trusts allow you to place your personal residence or any property you own into a trust to be given to a beneficiary, explains an article, “When Should I Put My Home in a Trust,” from yahoo!life.com. Placing your home in a property trust makes it far more likely your home will go to its intended beneficiary. The property … Continue reading What are the Advantages of Putting Your Home in a Trust?
How Can I Relieve My Family’s Stress When I Die?
After losing a family member, people experience pain and grief. The situation gets worse if legal issues are involved, resulting in family conflicts. Such challenges are typically the result of a lack of planning when they could have been much easier if a good plan had been in place, says Scubby’s article entitled “7 Ways To Ease Your … Continue reading How Can I Relieve My Family’s Stress When I Die?
What Is Probate Court?
Probate court is a part of the court system that oversees the execution of wills, as well as the handling of estates, conservatorships and guardianships. This court also is responsible for the commitment of a person with psychiatric disabilities to institutions designed to help them. Investopedia’s an article entitled “What Is Probate Court?” also explains that the probate … Continue reading What Is Probate Court?
Does Divorce Have an Impact on Estate Planning?
The short answer is “Yes”. Even the most amicable divorce requires a review and update of your estate plan, as explained in an article from yahoo! finance, “I’m Divorcing. Will That Impact My Estate Planning?” This includes your will, power of attorney and other documents. Not getting this part of divorce right can have long-term repercussions, even after … Continue reading Does Divorce Have an Impact on Estate Planning?
Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?
If you aren’t thorough with your estate planning, you could create conflict, even with the best of intentions, says an article from yahoo! Entertainment titled “Life Insurance Beneficiary vs. Will: Do I Need Both?” Your life insurance beneficiary designation supersedes your will, so you’ll need to have your life insurance policy and your will aligned to save heirs … Continue reading Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?
How Should I Handle Memorabilia in My Estate Planning?
Kiplinger’s article entitled “Estate Planning for Memorabilia Collectors: Don’t Leave Your Family in the Lurch” says the first step is to know what you have. Make a thorough and updated inventory to help your family understand the scale of the collection and where the items are located. Make sure the inventory is current and has detailed information about … Continue reading How Should I Handle Memorabilia in My Estate Planning?