You have many options to make sure your wishes are followed after you die.
Legacy and Estate Planning
Seeking a guardianship for a loved one is a decision that shouldn’t be taken lightly. Here’s how the process works.
Estate planning is a term generally applied to the steps taken to create a roadmap for a person’s assets when they die or become incapacitated.
Seeking a guardianship for a loved one is a decision that shouldn’t be taken lightly. Here’s how the process works.
It’s generally recommended that you review your will and other end-of-life documents at least every few years, although there can be reasons to do a checkup more often.
For most people, entering the realm of estate planning can feel a bit like traveling as a tourist into another culture. Because the language itself is unfamiliar, asking a question can result in an answer that is equally confusing.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
With apologies to poet Robert Burns, the best-laid estate plans of women and men sometimes go awry.
As a review of terms, a will is a legal document that specifies how a person’s estate should be handled only after that person’s death. A living will has nothing to do with how your “things” like property, money, jewelry, etc. are to be distributed. Unlike a will, it is, in fact, a document that comes into play while you’re still alive.
No one knows when their time will come, which is why it’s important to have a last will in place. This document ensures that your final wishes are carried out after your death. Without a will, the laws of the state of your residence at the time of death will determine what happens with your estate.