Inheritances can bring about life-changing opportunities and financial security, but they also come with often unexpected challenges. When children receive a substantial inheritance, they might encounter various emotional, psychological, and practical hurdles. Below...
Estate Planning
Should a Child’s Guardian and Trustee Be the Same Person?
When you are a parent, a huge part of estate planning tends to focus on the needs of your minor children. Most parents find it very difficult to contemplate the idea that their children might grow up without them, so the decision about who to name as their children’s...
5 Times You Need to Update Your Estate Plans
Estate planning is a lifelong process, but many people don’t realize that. Many testators don’t regularly update their estate plans, which causes issues for heirs who can't interpret the testator's intent particular when, for example, the people appointed for certain...
Have You Made Plans for Your Residuary Estate?
When you think about what you want to protect with an estate plan, you might not realize just how much you have. Valuable or significant assets, like homes, jewelry, and cash, certainly come to mind, but even after all the property is distributed and your debts are...
Tips for Modernizing Your Estate Plan
Modern is typically not a word you would use to describe an estate plan. However, it could be one worth considering if you want to ensure others can carry out your wishes in the future. What is a modern estate plan? In many ways, a modern estate plan is the same as...