When you write your last will and testament, there are many things you need to keep in mind. You need to keep track of all your property so it can be properly dispensed to your heirs, you need to decide who will inherit, and you need to make sure your will is reasonably up to date. However, even someone who is diligent about updating their will can miss things, which is why a residuary clause can be so helpful. Continue reading “Why You Should Consider a Residuary Clause”
Considerations for Planning Your Estate
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”
Learning How to Trust the Trust
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”
Deterring Family Conflict May Go Beyond Basic Estate Planning
Oftentimes, parents will utilize an estate plan to protect finances and preserve their legacy for future generations. A Last Will and Testament is a legal document that a person can establish to express his or her wishes as to how their property and finances can be distributed after they pass away. While establishing a Last Will and Testament is an important aspect of estate planning, many parents overlook the need to address what will happen should a conflict over the estate arise. Continue reading “Deterring Family Conflict May Go Beyond Basic Estate Planning”
What to Update After a Divorce
A divorce can be a long, tumultuous process. There are many different areas that must be discussed when filing for a divorce. This includes:
- the shared home
- the mortgage
- the children
- the vehicles
- and more
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