Many websites offer customized, do-it-yourself wills and other estate planning documents. Although such products are seemingly convenient, using them could create serious and expensive legal problems for heirs. These digital services appear to offer a cost-effective...
Revocable trusts are a very popular and useful estate planning tool. But the trust will be ineffective if you do not actually place your assets in the trust. Revocable trusts are an effective way to avoid probate and provide for asset management in the event of...
Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report...
My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice who can care for your children if anything should happen to you. You don’t want your children to become...
When it comes to your health care, especially during these uncertain times, you need to ensure that two estate planning documents are up to date. The first is your health care power of attorney. This document allows you to name a person to make medical decisions on...
It can be hard to get motivated about your estate planning. It sounds about as fun as getting a root canal. You also, however, probably want to make sure that your loved ones are protected and receive your hard-earned money and property – regardless of whether you...
