It’s very clear that people procrastinate making an estate plan when you look at the statistics. After all, most people will say that having a will or an estate plan is relatively important. But the stats show that 2/3 of Americans haven’t actually written will. So...
Estate Planning
5 reasons you should have an estate plan
Most American adults have not taken the time to create an estate plan. It may be that some consider estate planning to be something for the wealthy or elderly. However, everyone can benefit from making an estate plan, regardless of age or net worth. Here are five...
Business succession planning as part of estate planning
If you own a business, a business succession plan needs to be part of your estate planning. Remember that a succession plan doesn’t just detail what will happen to the business if you pass away. It can also influence a transition in leadership whenever you choose to...
How you can prevent identity theft, other fraud after you’re gone
The danger of becoming a victim of identity theft doesn’t end when you pass away. In fact, it can increase significantly. Some 2.5 million people become the victims of identity theft after they die. Those who steal the identities of deceased people are known as...
Tips to keep your kids from fighting over your estate
Creating a comprehensive estate plan is an important step in managing your affairs and in better ensuring that your loved ones are taken care of after you're gone. However, even with the best of intentions, how you choose to approach your distribution of assets can...
New parents, it’s time to create or revise your estate plan
The arrival of a new child into a family inevitably causes parents to rethink their approach to any number of pressing concerns. Among these considerations should be the creation or revision of an estate plan. While it may seem morbid to think about estate planning at...
Why do some people avoid estate planning?
Estate planning is crucial, as it allows one to protect their assets and state their wishes upon incapacitation or death. So, why do some people avoid drafting an estate plan? Here are three reasons: "Estate planning jinxes one's life" Superstitions are not uncommon...
Should you leave the business to your children?
As a business owner, your company will be among the things you consider when drafting an estate plan. Business succession can be a delicate subject. And one of the issues that complicate it is whether to leave the business to children or sell it. Here are some factors...
What is a digital estate plan?
The lives of most American adults are increasingly intertwined with digital technology. As a result, the concept of a digital estate plan has become consequential in ways that few could predict even a few decades ago. A digital estate plan can help to ensure that...
Do you have to pay your parents’ debts when they die?
When your parents pass away, they name you as the estate executor. This gives you certain obligations, like making an inventory of any assets that they own, informing heirs and beneficiaries of what they should receive, providing copies of the will and much more. What...