There are many people who use trusts, not just the wealthy. In addition to serving many purposes, they address specific problems that are less concerned with wealth, and put the focus more on family dynamics. Do you want to keep…
Most young parents are not concerned about death or serious illness or injury. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and…
A cornerstone of philanthropy is charitable giving. People enjoy making meaningful contributions to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams, charitable remainder annuity…
Adults rarely create wills, let alone estate plans that address their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social media companies…
Before seeking medical care, imagine if you were ill and had to decide if you could afford it. Unfortunately, for many Americans, seeking medical care hinges on affordability rather than medical necessity. About half of US adults have gone without or delayed…
You can designate an individual as your power of attorney if you want them to make decisions or conduct transactions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single…
How would you decide how to care for yourself if you were seriously ill or accidentally injured? You don’t have to be old to become incapacitated. A living will, a component of an advance health care directive, can outline your…
It is common to use revocable and irrevocable trusts in the estate planning process. Each has benefits and drawbacks depending on your goals. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or afterward.…
The right estate planning can minimize or eliminate probate, but sometimes it's necessary, despite the stigma associated with it. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what…
When properly prepared, a will outlines who inherits your assets and property after you die. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes a public notice of…