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It is best to prepare for emergencies by storing the necessities of life, such as water and food. However, financial planning is also important. It is impossible to avoid natural disasters. However, you can be prepared and that includes being financially prepared, according to the Napa Valley Register in “Your emergency financial first aid kit.” The […]
Medical researchers and students create demand for cadavers. People can give the remains of their loved ones to companies that will cremate a small portion to give to the families and sell the rest to researchers. However, that market is poorly regulated, according to Reuters in “In the market for human bodies, almost anyone can […]
Knowing the basic concepts is enough to get you started on the right track. You don’t have to have an estate plan. However, if you don’t, the courts will decide where your assets go using statutes written by your state government. Getting started in planning can be a challenge if you don’t have the basic information […]
If you are an older citizen considering remarriage, it would be wise to explore what you need to know about finances and estate planning. The trend in American to remarry in later years can lead to unexpected consequences down the road, according to the Pittsburgh Post-Gazette in “Late-life marriages can be complicated by money matters.” […]
If you make a mistake in estate planning, it is unlikely that you will be the first to make that error. If you want to know some of the errors that have been make in the estate planning world, take a look at a recent video presented by The Motley Fool in “Haunt Your Heirs […]
If you are planning on retirement, you might consider possible upcoming challenges. Some fundamental legal documents need to be drafted as you look toward retirement and the golden years, according to Gambit in “The legal needs of aging parents.” Among the key challenges for people planning on retirement is the need to save money, learn […]
Mediation can reduce hard feelings between family members and may prevent a permanent rift. A common way to prevent the chances of a permanent rift in a family over an estate disagreement is for the court to send the parties involved to mediation, according to the Wills, Trusts & Estates Prof Blog in “Court Rejects […]
Laws on common law marriage vary from state to state. Not all states recognize common law marriage and its impact on an estate, according to the Wills, Trusts & Estate Prof Blog in “Why Common Law Couples Need an Estate Plan (New York).” In most states, the idea of common law marriage has been abolished […]
While parents often avoid discussing their finances with their children, it may make things easier in the future if they do. Suddenly not being able to handle your own finances can lead to big problems. This is why parents should talk to the adult children about finances, according to TC Palm in “Acquaint grown children […]
Family members may have grievances with each other, but an executor can’t just even things out. When it comes to managing an estate, executors are often faced with a minefield of legal responsibilities and family dynamics. As the Napa Valley Register article “Can mom make son pay debt?” points out, an executor’s authority is limited […]
