Everyone, at a certain point in their lives, needs to consider what will happen when they must face the end. Life cannot go on forever, but you can at least make sure that your loved ones are taken care of after you’re gone. To properly plan your estate, however, you need to think about more than simply who will receive your things after you’re gone. Continue reading “Considerations for Planning Your Estate”
When people hear the phrase “estate planning,” chances are the first thing that comes to mind is writing a will. And while writing a last will and testament is an essential part of estate planning, it’s not the only thing you can do to plan for your estate. For example, one often overlooked instrument is the trust, which can be a handy legal tool for anyone trying to plan their estate. Continue reading “Learning How to Trust the Trust”
Aretha Franklin, the “Queen of Soul,” may be one of the greatest musical artists of the 20th century, but her estate planning leaves much to be desired. According to Fox Business, after she died, her estate was searched for any sign of a will. Unfortunately, there were multiple wills located, all handwritten, and all have been submitted to the probate court to determine their veracity and admissibility.
Continue reading “Aretha Franklin Found to Have Multiple Handwritten Wills”
A survey of estate planners recently released by TD Wealth found that the No. 1 threat to estate planning for the second consecutive year is family conflict. Forty-six percent said it was the leading challenge, followed by market volatility (24 percent) and tax reform (14 percent). Continue reading “Survey Finds Family Conflict Is the Leading Threat to Estate Planning”