What Should I Look for in a Trustee?
Do not put off finalizing and signing your estate planning documents, just because you have reached an impasse on who to name as trustee.
Your Will Isn’t the End of Your Estate Planning
Your estate plan isn't finished just because your attorney has drawn up a will. Proper asset titling is the next step.
The Estate Planning Goal of What To Do with Mom’s House
The executor is responsible for finding a buyer and doing all that is necessary to get the best price possible.
Use a Trust to Protect an Inheritance
If you have any reservations about who you have in mind when writing your will, whether you're thinking about a young child or even an older person who could be vulnerable to scams, a trust could make a lot of sense.
Lessen the Chances of My Children Fighting Over Their Inheritances.
My mom wants to leave her house to me, since I'm the only girl. My brothers may try and contest this in probate court. What can my mom do to be sure I receive ownership of the house upon her death?
Gifts During Lifetime Has Advantages
You probably give to others each year, such as for birthdays and Christmas gifts. Gifting can be done for other reasons, including during life or as bequests at death. The reasons for doing so could be to accomplish nontax or tax goals.
What If I Give Unequal Inheritances to My Kids?
Most of us would like to be remembered for who we were, not what we had. If you have any assets that you’ve accumulated during your lifetime that you plan to leave behind, it’s on you to figure out who gets what.
How Do Family Relationships Mess Up Estate Planning?
Families should plan early and communicate their wishes to their estate planners, as well as update their legal documents to reflect those wishes.
Why Should I Check My Retirement Account Beneficiaries?
Have you checked your beneficiary designation for your retirement account recently? If not, you may find that your designated beneficiary is not who or what you think it should be, especially if you have divorced, remarried or had children, since your retirement plan account was established.
How Do I Plan for End-of-Life Measures for a Loved One?
This is a sad reminder that families who don’t agree on end-of-life measures can cause friction and additional grief, at a time when unity should be a primary concern.