Category: Estate Planning
The key reason for an estate plan is simple: protecting your family from future problems. Gathering the information to create an estate plan is probably not a pleasure. However, the reason for the estate plan is to protect your family from problems in the future, according to J Weekly in “Estate planning wards off problems […]
An estate plan can put you on the path of being remembered for charitable giving. If you want to be remembered for being a charitable benefactor, you need to get started and an estate plan is a good beginning, according to the Port Huron Times Herald explains in “Plan today to make a difference tomorrow.” […]
Received an inheritance? It may create more problems than it solves. A person or family could actually end up with less wealth after an inheritance, according to Chase News & Stories reports in “How to make sure your inheritance is a boon, not a bust.” An inheritance doesn’t always grow a family’s wealth. The biggest […]
An Online will may save you some money now but you can rack up a big bill in probate. Creating a homemade will that later goes to probate may be a big disappointment, according to the Huntsville Item in “A humorous look at the danger of homemade wills.” A will is designed to pass on […]
We are facing big changes right now and more changes are likely. An estate plan should be considered as only temporarily up to date because significant changes in situations should spark a review of the plan. Recent Treasury Department regulatory changes make it likely that your plan needs review as Wealth Management discusses in “Remind […]
Attorney-Client privilege is important in estate planning but there could be exceptions. Attorney-client privilege is one of the key doctrines of our legal system but there are exceptions as explained by the Wills, Trusts & Estates Prof Blog in “Treasure-Hunter’s Documents Might Be in Deep Water.” This doctrine even has an important place in estate […]
Prince’s estate files lawsuit against Jay Z As speculation mounts over how Prince’s estate will pay what is expected to be a sizeable estate bill, the estate has begun a legal fight against a rapper’s company, according to TMZ in “Prince to Jay Z No Free Rides in My Little Red Corvette … Record Label […]
Getting remarried late in life can create inheritance problems without a careful look at your estate plan. Remarriage late in life without proper estate planning can quickly cause problems with families and estates, according to New Hampshire Magazine in “Navigating Late-Life Remarriage.” Elder advocates generally consider it a positive event when people find love and […]
It is always a good idea to plan ahead with no exceptions. We all know it will happen to us someday but some attempt to ignore the fact that passing away is a reality. However, don’t let some common estate planning myths fool you as discussed by WSBT 22 in “Special Report: Are you properly […]
A holiday dinner could be the right time to begin a conversation about your estate plans. It may be a good idea to let your family know in advance about your estate plans and an upcoming holiday dinner could be the right time to begin, according to The Street in “Thanksgiving Dinner Is a Perfect […]
