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Your estate plan is the roadmap your loved ones will follow after you pass away. You need to consider several things when you’re getting this plan together. While many people think about the will to hand down assets, there are a few other points that you need to get...
Having a will isn't always sufficient when seeking to achieve one's legacy goals. People in a host of different situations might benefit from creating additional estate planning paperwork. For example, trusts have become some of the most popular inclusions in modern...
A living will is also known as an advance healthcare directive. It is a legal document that allows you to make critical decisions regarding your medical treatment in advance. A living will helps ensure that your healthcare preferences are respected and followed when...
What is estate planning? Estate planning is the process of arranging legal matters, such as assets, in anticipation of a testator's passing -- but it's a more complicated process than most people realize. There are many things you can do with an estate plan. These...
An illness or injury can leave you incapacitated and unable to manage your affairs. In such a situation, you need someone to step in your shoes and make decisions on your behalf. A power of attorney can help you achieve that. A power of attorney (POA) is a legal...
No one likes to think about their mortality, but estate planning is critical to ensuring that your loved ones are taken care of after you're gone. While it may seem like a daunting task, having an estate plan in place will provide peace of mind. Estate planning...
Anyone who is over the age of 18 could benefit from an estate plan or at least a will. They can take control over what happens when they die or if they experience some kind of incapacitating emergency. Such steps are crucial for an individual's financial protection...
There are many different ways that you can help prepare yourself and your estate for taxation. In fact, there are some options you can use to minimize or completely remove the risk of taxation in some instances. Since there are so many options to reduce taxation, you...
In today’s complex world, it’s no longer sufficient to write a will and sign it. A complete estate plan includes several different types of documents, all with specific functions – such as a Financial Power of Attorney, a Healthcare Power of Attorney, a Living Will,...
There are many kinds of trusts that you can use in your estate plan. A trust is designed to hold your assets, but depending on the kind of trust you use, what happens with those assets and the protections you receive may vary. Some of the most common kinds of trusts...