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...
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...
Once you adopt a child, it’s important to work to ensure that either a new estate plan or a revised one reflects the new structure of your family and provides for your child’s future. Proper estate planning can help to ensure their well-being if anything were to...
If you’re a parent, you likely are familiar with 529 education savings plans. They’re a good way to save for upcoming educational expenses, and they offer a number of tax advantages. If your child is now grown and has a child of their own, you may want to look at 529...
Almost any adult can benefit from creating an estate plan, but some people need proper testamentary documents more than others. Those with dependent family members or high-value resources often have more of a need for comprehensive estate planning than the average...
Many people review their estate plans before they even finalize their divorces. They worry that if anything were to happen to them, their spouse might receive the majority of their property or intercept the assets they want their children to receive instead. Whether...