Protecting
Your Legacy
Large estates might be subject to taxation or other forms of dilution during the disbursement process. Some assets also fluctuate in value. These two factors have led many people to consider giving part of their estate away during their lifetime. This is a complex...
You have a buyer for your home, the closing date is set and still, you feel uneasy. Here are four issues that can cause 11th-hour chaos and how you can keep the closing process on track. 1. Cloud on the title Before selling your home, you must prove that your...
When you agreed to serve Aunt Polly as the executor of her estate, she was in good health, so becoming her personal representative seemed years away. Unfortunately, Aunt Polly died much sooner than expected. Here are five tips to help you administer her estate...
While it seems like a chore, prioritizing estate planning helps ensure your family gets taken care of after your passing. Many different factors need consideration during the planning process. Stay aware of the following pitfalls and avoid them as much as possible. 1....
When you settle on an estate plan, you should think not only about what happens after you die but also beforehand. Some elements, such as power of attorney documents, may come in handy while you are still alive. What does a power of attorney do, and what might you...
If you are writing a will, setting up a trust or tackling other estate planning matters, it may be wise to think about your funeral. After all, you can save your loved ones a great deal of heartache and money by paying for your final expenses while you are still...
It is often difficult to make the decision to either put a loved one in a nursing home or decide to go to one yourself. However, even after you have made this decision, choosing the right nursing home is a paramount concern. The regulations on nursing homes can vary...
Families cherish their senior loved ones, so when an aging person sees their health decline, the family may struggle with what to do. In many cases, assisted living facilities are necessary to ensure adequate supervision. Since no one wants to rob a parent,...
Two critical legal arrangements in estate planning are wills and trusts. Both tools allow you to distribute your assets to heirs after you pass. Though they have similar goals, there are important differences between them. These differences provide the key to why you...
Some people bypass probate by creating a trust to hold assets until beneficiaries can receive them. However, this does not mean someone cannot go to court to contest the terms of a trust. Sometimes a family must deal with a legal battle over who gets money or property...
