Your life as you know it could change in an instant. One moment, you are perfectly capable of making decisions for yourself, and the next, an accident or sudden illness can take away that ability. But life does not pause for us, and responsibilities like paying bills...
Video wills are a popular trope in the media. Movies and television shows depict recently-deceased characters explaining their testamentary wishes in a recording found by others. These video wills may seem much more personal and intimate than a written document....
Medical challenges often make people aware of their mortality more quickly than many other experiences. People facing progressive or terminal medical conditions often have to think carefully about what may happen in the future. Frequently, people focus so much on...
Estate planning is something that’s usually not at the top of a person’s to-do list, but it’s critical that all adults get this plan handled as soon as possible. This can give the creator of the estate the peace of mind that comes with knowing that their wishes are...
Valuable assets require careful consideration during estate planning. People often take special steps to address businesses or real property that they own. They may want to keep their most valuable assets out of probate court. Typically, any resources that belong...
Many people only start thinking about estate planning when they are older and relatively settled. Some people don't draft wills until they start preparing for retirement. Others make a point of expanding and revising their documents as they prepare to cease working...
Estate taxes are a concern for many people who have established financial independence. Estates worth millions of dollars are theoretically subject to costly estate taxes. The personal representative of an estate may have to liquidate assets or withdraw hundreds of...
There are many times in life when people have to think about their legacy or their vulnerability. Estate planning often becomes a priority when an adult marries or has children. For others, the death of their parents or other difficult situations, like the diagnosis...
Estate planning is a deeply personal process that requires reflection concerning one’s personal circumstances and relationships. Frequently, those establishing estate plans focus on protecting their loved ones. They may also empower the people closest to them to hold...
There are many different ways that people can establish testamentary documents, such as wills. The most effective and trustworthy approach often involves working with a legal professional. However, some people try to handle the process on their own. They might create...