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Estate planning can seem like a big endeavor. Considering it involves thinking about your own mortality and end of life decisions, it can be hard to muster the courage to sit down and draft up your plan. That’s why it can feel like a load has been lifted off your...
If you want your estate and its assets to last for a considerable amount of time, then you have to be intentional about the estate plan that you develop and implement. After all, if you rely on a simple will, then you’ll lose all control over how your heirs can use...
Most people who engage in estate planning do so to ensure that their wealth will financially support their loved ones when the time comes. While it’s true that this is a major focus of the estate planning process, it certainly isn’t the only one. In fact, if...
A lot of young people make the mistake of thinking that estate planning is unnecessary until you’re in the later stages of your life. As a result, they put off the process, which can leave them in a difficult position when the time comes that they really need estate...
Many people choose to make a trust part of their estate plan in order to preserve assets and carry out their wishes. One reason trusts are so valuable is that they can be adapted to a wide variety of goals and situations. For many people, the most valuable quality of...
A quick Internet search about estate planning will yield many results promising to guide you along the way as you develop your own legal paperwork. Creating your own estate plan might seem like a good idea, too. After all, it may seem like tackling this issue on your...
Making decisions about the type of medical treatment you prefer is a deeply personal process. You know yourself and your body well enough to know what kind of care you want to receive in different situations. However, life often throws unexpected challenges. There may...
If you've created an estate plan to protect your family's future, you've taken an important first step toward securing their wellbeing. Your life circumstances will inevitably shift over time, requiring adjustments to keep your plan effective. Documents drafted years...
Having a durable power of attorney for health care (DPOA-HC) is a crucial aspect of planning for the future. It is a type of advance directive that allows individuals to make informed decisions about their health care. If you are thinking about having a DPOA-HC, what...
When someone dies without a will, the process of distributing their assets can become complex. Without clear instructions, the court steps in to determine what to do with the estate. The role of intestacy laws Intestacy laws determine how a court distributes a...
