Estate planning is, in part, the process of passing assets to your heirs. You need to create a plan to do this effectively. Common assets include the family home, a life insurance policy, your investment portfolio, your bank accounts and the minor assets at your home,...
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Month: June 2020
Reviewing your estate plan is important to protect your interests
When you think about the last time you looked at your estate plan, when was it? Was it when you first created it? Did you update it or review it since then? It’s a good idea to take a look at your estate plan, even if you don’t need to change it, when you...
Choose the right trusts for your estate plan
One of the functions of your estate plan is to help provide for your loved ones as much as possible after your death. There are several elements to an estate plan that can do this. Two primary ones include your will and any trusts. When the estate plan goes through...
What is long-term planning?
Most individuals are generally familiar with what estate planning entails. It involves a person sitting down with an attorney to draft a will, power of attorney, health care directive or other legal documents. These guide your loved ones, doctors and financial...
Your executor probably doesn’t know everything about you
After taking the time to create an estate plan, you feel that you have everything in order. It gives you and your loved ones the peace of mind that, if something happens to you, your plan will guide them through the probate and estate administration process. However,...