How to Update Your Estate Plan After a Divorce
The divorce process is often a very long and painful one. Although you may have already moved on emotionally, some legal aspects of your life can’t move forward until your divorce is finalized by the court. When you do receive that long-awaited divorce decree, one of your first priorities should be updating your estate plans. […]
Estate Planning Tips for New Parents
Before you had your child, you only had to think about inheritance for your partner (and maybe your siblings or cousins). As self-sufficient adults, your heirs would be financially OK if you died tomorrow and left them whatever was in your estate. More importantly, they’d understand what to do with those assets and how to […]
Estate Planning Documents: What Do I Need?
You probably know you need to write a will to distribute your property and financial assets following your death. This is a good start, but for a comprehensive, complete estate plan, you’ll need a few more essential documents. Other estate planning tools, such as a living trust and a power of attorney (POA) agreement, work […]
The True Costs of Probate: How to Save Your Loved Ones Money
You might think you can save on estate planning costs by skipping the lawyer and writing your own will, or forgoing a will altogether. While a good estate planning attorney does cost money, their fees pale in comparison to what your loved ones will have to pay if your assets get tied up in probate […]
How Do I Choose a Legal Guardian for My Child?
It’s something no parent wants to think about, but eventually must ask themselves: Who would take care of your child if you passed away before they reach adulthood? For most people, the answer is their spouse or partner. However, if you’re a single parent – or, if you’re considering the unlikely event that both you […]
4 Common Estate Planning Mistakes You Can’t Afford to Make
Estate planning can be a difficult and stressful process, and mistakes and oversights are common. After all, there’s a lot to consider when writing a will and naming beneficiaries, and it’s easy to miss a thing or two. Unfortunately, the cost of these errors often falls on your loved ones when certain aspects of your […]
Will Your Estate Plan Be Impacted by the New Tax Law?
When the Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017, it brought numerous, significant changes for individuals and businesses alike. With Tax Day 2018 behind us, many taxpayers have already felt the impact of this sweeping tax reform. Overall, the changes promise to benefit the average American – some of […]
