Category: Will
We get it: Nobody wants to contemplate his or her own mortality. Estate planning is going to hurt, at least a little bit—right? The notion of planning for one’s death is not exactly a walk in the park. But CNN says that is doesn’t have to hurt. In a recent online CNN Money article, “10 […]
Estate Planning, Wills, Probate, Inheritance, Power of AttorneyAccording to a report from BMO Wealth Institute, Canadians list conflict (54%), unpleasant surprises (37%) and financial or taxation issues (33%) as the pitfalls to avoiding the legacy conversation. Although you won’t be around to witness the drama, here are five ways to avoid a Dynasty-worthy brawl over […]
The first thing you need to have is a will. Without one, your assets will be divvied up according to the laws in your state. “It isn’t necessarily what you think or want,” warns California-based financial adviser Ted George. Do you really need a will? One word: Yes! If you don’t have a will, then […]
Several experts said that the ways that families handle these situations depends on multiple factors, such as what caused the disparity, how strong the sibling relationships are, whether the parents have money and more. When planning for your estate, you often look at the financial stability of your children. Who is better off financially? Do […]
Different plans, tools, and strategies might be needed for people with other life stories. The U.S. has a divorce rate of more than 50%, and many divorcees end up moving on and remarrying. So it is no surprise that there are more blended families today than ever before. This was the subject of a recent […]
Estate planning is not just for the rich. “I’ll get to it eventually.” Have you ever said this regarding your estate and financial plans? Unfortunately, far too many never get around to it. I guess you could say this sums up estate planning in a nutshell: if you fail to plan ahead and protect your […]
Either a will or a trust may be appropriate for your estate depending on your circumstances and neither is best for all situations. Which do you need more, a will or a trust? Or do you need both? Well, the answer really varies by person. Forbes recently considered this question in an article titled “Wills […]
While battles over image and likeness rights are reserved for the rich and famous, the others are common battle-grounds for dysfunctional families, especially in second-marriage situations. Many people mistakenly believe that only the wealthy end up fighting. Sadly, it’s far more common than most people realize — even for families of very modest wealth. Is […]
You should prepare a will so your heirs will be taken care of in an organized, legal and efficient manner, according to your wishes. Preparing your will is not exactly a “fun” thing to do, as most people don’t want to think about the end of their own lives. Even Baby Boomers that are reaching […]
You might be a candidate for a trust that you never needed before. A trust is a great tool within an estate plan, one with unique goals depending upon the one making the plan. Some goals are very common, while others don’t exactly follow the mainstream. A recent lighthearted Forbes article titled “Six Trusts For […]
