People often put off estate planning because the topic is viewed as morbid. While nobody relishes the prospect of discussing what will happen in the event that they become incapacitated, these are conversations that need to be had. Your elderly relative may be...
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Estate Planning
What if life insurance disagrees with a will?
Estate planning can get complicated when you have assets like a life insurance policy, an investment portfolio, money in savings, a family home and many other large assets. You need to know how to address each one and how to include it in the plan. The general rule of...
It doesn’t make sense to delay your estate planning
Many people hesitate over estate planning. Despite the fact that estate planning tools can offer stability to loved ones, this often isn’t enough for people to start making plans. Much of the hesitancy over estate planning is brought about by misconceptions. It is...
The different kinds of special needs trusts
If you have a loved one with special needs, you may be worried about their future once you are gone. Will they be financially secure? Who will take care of their bills and ensure they live comfortably? These are some of the many questions you may have, especially when...
The main reason a young professional needs an estate plan
Becoming a parent is often the reason that people create estate plans. Purchasing major assets or getting married are also popular reasons. However, if you are a young professional in the early days of establishing a career, you need an estate plan to protect yourself...
What you need to know about special needs trusts
Having an estate plan is very important, especially if you have a loved one with special needs. In such a case, you need to carefully consider how you will leave them your estate without making them ineligible for Social Security benefits, or any other public...
Retaining government benefit eligibility when estate planning
If you have an heir with special needs who qualifies for government benefits, you want to consider these benefits when doing your estate planning. If you're not careful, you could remove their eligibility. In fact, just leaving someone $2,000 may be enough to...
Reasons to update your estate plan in 2022
Given the events of the last few years, it’s probably no surprise that there’s been an uptick in the number of people, in general, that have taken that step. In fact, 35% of the Millennials who have recently created a will have directly referenced the current state of...
Estate planning at 18? It’s not a bad idea
As soon as you are a legal adult, it’s a good idea to start working on the basics of your estate plan. While you may think of estate planning as something people do when they’re older, the reality is that an estate plan has a lot of protections that can help you now...
Key times when you need to start or update your estate plan
It's true that everyone needs to have an estate plan. A lot of people put it off because they think they can just do it later, but it's actually wise to get your plan in place as soon as you can. That said, a lot of life events can tell you that it really is time for...
