As a young adult, estate planning may not be the first action on your mind when thinking over what documents you need for the future. While this process is often associated with older people, anyone of any age can benefit from crafting a plan. Accidents and living...
The loss of a family member is always difficult, especially when there are legal matters to consider on top of your grief. When dealing with the loss of a loved one, the prospect of navigating the probate process may fill you with dread. Most Texas estates must go...
Planning your estate involves determining who will receive your assets upon your death and who can act as your power of attorney if you become incapacitated. The goal of an estate plan is to reduce inheritance taxes and ensure your assets go to those you choose....
Your will details what you want to be done with your assets after you pass away. Having an updated will prevents your loved ones from fighting and making difficult decisions while they are grieving. In order to carry out your wishes, someone must take the lead. This...
If you have just begun to contemplate estate planning, you may still be unsure of the steps involved. Understanding the key aspects of estate planning can help you as you undertake this important work. 1. Start today If you are young, estate planning might not seem...
Adult children go through it every day; they have to find a way to broach the topic of estate planning with aging parents. Just because most people go through it at some point in their lives does not mean that it is easy. Here are two ideas to help you delve...
Many people delay estate planning. However, the process is not complicated. It only becomes difficult if you wait until it is too late. Another way to complicate your estate plan is relying too much on yourself. According to caring.com, two-thirds of adults do not...
Perhaps you drew up a will when your children were small. Then, you left the papers untouched in a drawer and never looked at them again. You probably thought you were ahead of the game. According to a recent Merrill Lynch and Age Wave study, only 55% of Americans...
Many American adults currently lack an estate plan, and this could be a result of misconceptions related to the process. In reality, preparing for your beneficiaries' security after your passing is relatively straightforward. Here are three misconceptions that may...
Cementing an estate plan when your children are young protects them in the event of your death. However, what happens as they age and leave you to start their own adult lives? Empty nesters should consider revisiting their estate plans as children leave. Some of the...
