Creating an estate plan is not always easy, especially if you're new to the process. Unfortunately, any mistake can impact you and/or your family now and in the future.
Talking about your estate plan is never easy, especially when doing so with people you love. Although it may not be an enjoyable conversation, you need to talk to your adult children about estate planning every now and again.
A special needs trust is created to benefit a loved one who has a physical or mental disability. While you're able to assist this person when you're alive, you may have concerns about what will happen to them after your passing.
As you create an estate plan, you should turn a good portion of your attention to planning for the end of your life. This is difficult to do, but once you have everything in order, you'll feel better about anything the future could throw at you.
When considering bankruptcy, many people turn their immediate attention to Chapter 7. They do so for many reasons, including the ability to eliminate their debt in a timely manner (typically within six months).
When creating an estate plan, focus your time and energy on more than what happens to your assets upon your passing. For example, you should have a clear idea of who will care for any children under the age of 18.
When you create an estate plan, you do so with the idea that it will remain in place until your death. While this is true to a certain degree, remember this: Your plan may require some changes over the years.
When it comes to your health, it's important to make the right medical decisions at the right time. Unfortunately, it's possible that you may not always be able to make these decisions for yourself.
Arizona families whose deceased relatives took the time to create a valid will before death will have a much easier time navigating the days, weeks and months after losing their loved ones. For this reason, when you take the time to draft a last will and testament, you're not doing it for yourself -- aside from the peace of mind it brings you. In fact, you're doing it for your family.
Burt Reynolds did not leave anything to his 30-year-old son in his will, but that doesn't mean his son won't receive an inheritance as a result of the Hollywood star's death. It appears that Reynolds may have left his son an inheritance by way of a strategically-planned trust.