Year: 2018
Families are often silent about what should happen if a parent becomes terminally ill or when a parent passes away. It is generally taken into consideration within a family that a parent will some day pass away. However, it is not often discussed how painful this can be for the children, even adult children. Parents […]
An inheritance can be wasted in many ways, including avoiding work and making bad investments. There are many possible scenarios that could lead to a wasted inheritance. Fears that this will happen appear to be on the rise because, in the next few decades, the largest transfer of wealth from one generation to another will […]
There are many ways to transfer assets. The challenge is sometimes conflicting instructions. It is important that all the different ways assets can pass down do not contradict one another, or an estate plan may not be effective. A common problem that creates conflict was discussed recently. It began with the creation of instructions that […]
The government continues its campaign to fight the financial abuse of the elderly in U.S. with a joint webcast by federal agencies. The government has increased its efforts in recent years to combat the financial abuse of the growing elderly population in the U.S. Despite these efforts, many people believe that elder abuse is still […]
Legislators have been working to provide greater access to digital assets for estate administrators. Estate plans almost have to include plans for what to do with digital assets these days. However, many people are still confused about what digital assets actually are. There are four different basic categories of digital assets people might need to consider, […]
Creating an estate plan can be easy. However, there are many opportunities to fail. The ease of writing your own will or downloading some forms from the Internet can make you jump to the conclusion that you don’t need professional assistance. There are many reasons why you really need an attorney, according to the Huntsville […]
You are young, or you don’t have many assets and that means you don’t need an estate plan. Wrong! It is true that if people do not own any real estate and do not have any other property of high value, it will not be too difficult for their families to handle their estates. However, […]
Sometimes little thought is given in the choice of executor. That can create problems. The person in charge of your estate is the executor. Instead of thinking about whether the person they are choosing is the right person, many people just pick a close friend or relative. This can be a very big mistake, especially […]
Planned giving is one way to leave a good legacy. Assets are often the first thought about estate planning. However, that does not mean your other values have to be left out of your estate plan completely. You can use your estate plan for planned charitable giving, according to the Nashua Telegraph in “Planning to […]
There are good ways and bad ways to give to charities. It often depends on the charity. People often decide to leave some or all of their assets to charity. However, the best way to find out how to give to any specific charity is to talk to that charity, according to Mountain Xpress in […]
