Most people don’t have any idea where to start when it comes to their emergency documents. This often keeps them from going anywhere near their estate planning. This is a big mistake, says an article, “3 tasks your family needs to complete to ease any anxiety over unexpected emergencies,” from MarketWatch. Estate planning is not just about wealthy … Continue reading What Documents are Needed in an Emergency?
Category: Power of Attorney
The Basics of Estate Planning
No matter how BIG or small your net worth is, estate planning is a process that ensures your assets are handed down the way you want after you die. Work with an estate planning attorney to ensure your documents are in line with your intentions. Forbes’ article entitled “Estate Planning Basics” explains that everybody has an estate. … Continue reading The Basics of Estate Planning
Estate Planning Mistakes to Avoid
One reason to review your estate plan is to make sure people you’ve assigned roles to, like executor or guardian, are still living and willing to perform these tasks, according to the article “Five common estate planning mistakes to avoid” from the Idaho Press. Another is to be sure your estate plan is not missing out on any … Continue reading Estate Planning Mistakes to Avoid
What Should Not Be Kept in a Safe Deposit Box?
In today’s digital world, almost everything of importance is stored virtually, in the cloud. A physical safe deposit box might seem like a throwback, but still has some good uses, says an article from Kiplinger, “Things You’ll Regret Keeping in a Safe Deposit Box.” Some things belonging in a safe deposit box include prized possessions, like a … Continue reading What Should Not Be Kept in a Safe Deposit Box?
What Happens When There Is No Will?
A will ensures that your personal and financial assets are given to the people and organizations you want. It also allows you to choose the person you want to settle your affairs, known as your executor. The time to have a will prepared is typically the same time people have a power of attorney and … Continue reading What Happens When There Is No Will?
Why Everyone Needs an Estate Plan
Estate planning means making plans to manage and distribute assets and caring for loved ones in the event of a person’s death or incapacity. It also involves the creation of legally binding documents to outline a person’s wishes for health care and financial matters. Estate planning ensures your wishes are carried out and is also … Continue reading Why Everyone Needs an Estate Plan
What’s the Best Way to Organize Your Estate Plan?
Congratulations, if you already have an estate plan. However, do you remember where you put it? Does anyone but you know where it is? According to an article from The Press-Enterprise, “2023 check list: How to organize your estate plan,” most people take their estate plan and put the binder or file folder someplace they deem safe and … Continue reading What’s the Best Way to Organize Your Estate Plan?
What You Need to Know About Inheritance
Receiving an inheritance is a mixed blessing. It usually comes after a loved one has passed, while you are grieving and trying to figure out how to navigate finances. If you have received or anticipate receiving an inheritance, an article titled “Getting an Inheritance? Here are 4 Things to Consider” from Kiplinger, has some helpful information. It takes … Continue reading What You Need to Know About Inheritance
Top Benefits of Estate Planning
Despite the hard lessons learned during the COVID pandemic, surveys repeatedly show most Americans still don’t have an estate plan in place. According to the article “Five benefits of estate planning” from The Aspen Times, a comprehensive estate plan ensures your assets are distributed according to your wishes when you die, minimizes taxes on your estate and protects … Continue reading Top Benefits of Estate Planning
Why It’s Important to Update Your Estate Plan
When someone dies without having updated their estate plan for many years, the executors often face a difficult task of administering a disorganized and incomplete estate. At best, the executor needs additional time and resources to organize the estate. At worst, says an article titled “Estate plans require maintenance” from The Record-Courier, the decedent’s wishes and desired distributions … Continue reading Why It’s Important to Update Your Estate Plan