As most people age, they have a greater need for more involved care. Of course, the exact level of care needed differs from person to person. However, many will eventually want to look into options for long-term care facilities. What indicates a good care facility?...
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Estate Planning
Tips to protect your family from probate due to will contests
When you begin estate planning, you may not consider the risk of a family member contesting your will and sending your entire family through a lengthy and contentious probate process. It is important to recognize this possibility and understand the most common reasons...
What should you look for when choosing an executor?
When it comes to estate planning, there are lots of important decisions you must make to protect your assets. You must also choose an executor for your will, who will be the person responsible for carrying out all essential duties. Selecting an executor is a huge...
Why is an estate plan a priority?
Looking ahead to life after your death does not spark excitement in many. However, failing to do so may have serious consequences for the people you love most. Even if you do not want to hash out a complex estate plan, doing something is better than letting a...
How can you protect a lonely relative from undue influence?
Loneliness and isolation are exceedingly common in older Americans. In fact, according to the Centers for Disease Control and Prevention, as many as 25% of those over the age of 65 are chronically lonely. Loneliness can be extremely dangerous, of course, as it often...
The benefits of supplemental needs trusts
If you worry about the well-being and future of a family member struggling with a disability, it is essential to understand how setting up a trust could help them. For example, you could look at supplemental needs trusts and some of the perks that can come with this...
What is per stripes versus per capita estate distribution?
When creating an estate plan, decedents choose who receives their assets when they die. These beneficiaries can be an individual or a group of people. When people leave their estates to a group, they must decide how the benefits get divided if one of those...
What are possible gaps in your estate plans?
Estate plans can cover a wide variety of matters, including writing a will, establishing a power of attorney and creating an advance medical directive. Given all the activities involved in estate planning, it is easy to neglect or fail to implement certain parts of...
Is there a way to pass an inheritance outside of probate?
Formulating an effective estate plan may involve utilizing fiduciary tools to help your family after your death. The more diverse your plan, the higher the likelihood that some of your assets may bypass probate. While probate itself is not bad, it is time-consuming...
What is a living will?
Your estate plan can protect your family after you are gone by distributing your assets in the manner you see fit. Living wills are components of estate plans that protect you while you are still alive. Because they play such an important role, you must create a...