People who have executive positions usually have nice benefits packages that provide them with a healthy income. For many executives, being able to pass down wealth to their heirs is important. A comprehensive estate plan is one of the most effective ways to make this...
Being named as an executor means you may have to mediate disputes that arise between beneficiaries and other family members. This can be a difficult position to be in, especially since you are also a family member. While arguments among family members aren’t...
Once you create an estate plan, the last thing you want to do is go back and look at it again. However, laws change all the time, as well as things like your family structure, wealth and assets. Unfortunately, if you fail to review and update your estate plan...
One of the primary reasons why people write wills is to create order while preventing conflicts from potential heirs. Done right, a will can give you peace of mind knowing that your assets will pass down to their rightful heirs after your death. However, there are...
You know that it's smart to make an estate plan as a new business owner. Perhaps you're also a parent or you have significant financial assets. You need some plan to pass these on to your heirs. What you decide to do is simply to write a will. This way, you can leave...
You like your business partner a lot, and it’s been a productive partnership, but you never particularly considered putting your business partner in your will or involving them in your estate plans. Maybe you should. In fact, you should probably be in theirs. At the...
For many people, having an estate plan isn’t just about leaving money and other assets to their family. It’s about having a say in their own legacy – what they will be remembered for after they’re gone. Certainly, that can include leaving donations to non-profit...
The overall aim of estate planning is to provide future protection for you and your loved ones. As many aspects of an estate plan will not come into play until you are either seriously unwell or dead, you must name people to fulfill specific roles on your behalf. Here...
When you leave behind a will, your heirs will have to wait for a while before assuming ownership of their portion of the estate. Everything has to go through the probate before distribution to the beneficiaries. Usually, the courts oversee the entire probate process....
Many people fail to update their estate plans regularly, and when they are gone, their estate ends up in the wrong hands. Deserving beneficiaries could even be left out, leading to irreconcilable differences pitting family members against each other. Therefore, you...
