Estate plans can evoke a lot of hostile feelings from the beneficiaries involved. Hurt feelings and the sensation of getting slighted are not uncommon couplings with estate planning. This is especially true among siblings who have to deal with the estate plan of a...
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Ways of incorporating your business into your estate plan
If you own a company, you need to include it in your estate plan. These documents solidify what will happen should you expire or become incapacitated. There are various tools available when building an estate plan. The following legal mechanisms limit the amount of...
Be careful with disbursements from special needs trusts
If your loved one has physical or mental disabilities, working 40 hours every week for the entirety of his or her adulthood may be difficult or even downright impossible. Luckily, many Americans who cannot work qualify for financial assistance, provided they do not...
Is a family member your best bet for estate executor?
When choosing your executor for your estate, you want to pick someone who will not let you down. This person should have your trust and should think in a way somewhat similar to you. However, they should also have what it takes to fulfill the duties of an executor....
Reasons to have a prenuptial agreement
Being newly engaged is an exciting time, but there are many legal and financial considerations to make with your soon-to-be spouse before walking down the aisle. These include whether or not one partner will take the other's last name and which bank accounts will be...
Should you review your estate plan yet?
After creating your estate plan, you likely do not want to see it again for some time. After all, the act of creating an estate plan can take up enormous amounts of time and effort. However, you cannot simply leave your estate plan as-is for the rest of your life. You...
How can you ask your fiancé for a prenuptial agreement?
If you are intending to walk down the aisle in the next year or so, you undoubtedly have a great deal on your plate. Not only must you nail down the fine details of your ceremony and reception, but you also must prepare for entertaining numerous guests. You even may...
What should you look for when choosing a guardian for your children?
One of the most challenging components of estate planning for parents of young children is naming a guardian. No one wants to think about their kids growing up in a world without them, but if you do not create a plan, your children may end up at the mercy of the court...
How can you avoid estate planning mistakes?
A solid estate plan helps you care for your family even after you are gone. It also ensures the assets you worked so hard for go to good use, whether it is helping loved ones pay for college or purchasing a new home. While it is important for everyone to have an...
Tips for estate planning with a blended family
Estate planning for a blended family requires open communication and attention to detail. While there are no unique requirements for a blended family, you need to address a few fundamental issues. Consider how your family may relate to each other in the future. Will...