When is the last time you stayed in a castle? That is the first thing you picture when someone starts talking about their estate, right? It would be nice if we all had several million dollars and a boat to leave for each of our kids. But you do not need to be on a first-name...
Nobody enjoys thinking about their mortality, and sorting through legal documents is not what most people would call a good time. This hesitation makes sorting through legal documents about your eventual death seem dangerously stressful and, perhaps, dull. That is probably why half of us do not have a will of any kind. Relax. We have got some tips...
Having a family is one of life’s greatest joys. There is so much to look forward to — graduation, marriage, grandkids. Of course, these things require a lot of financial planning like 529 savings plans for college, or trust funds. One thing we hate to think about, however, is how to plan for our loved ones’ financial well-being...
The administrator of a will plays a vital role in terms of making sure the deceased’s wishes are carried out. They are responsible for managing the estate as it goes through probate. They must follow the guidelines stated within the will in terms of dividing up assets and making sure that any special instructions are...
Probate is a long and drawn-out process that must proceed according to the laws of each state. It is required that a complete inventory of the deceased’s assets be completed in a timely fashion. In most cases, this is approximately 90 days. Notifying the Beneficiaries of an Estate Typically, beneficiaries must be notified within 60 days...
It may sound awkward, but many people find themselves being named as a trustee for the estate of a family member, loved one, or business partner and find themselves asking, “What is a trustee, what do they do, and how did I become one?” If you have found yourself in this unenviable situation, not to...
You love your family more than anything, and you want to ensure that they have every opportunity to thrive–even after you are gone. Life happens in the blink of an eye. You have no way of knowing what will happen tomorrow, but you can take steps to protect your family in the future with your estate. ...
Did you know 60% of American adults do not have a will? That seems like a significant oversight for a document of such magnitude. It is the one document that can prevent your estate from falling apart after you pass. When making a will, there are a few key components to keep in mind. Here are...