If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
Life estates can provide effective means to create joint ownership of property, avoid probate and transfer property after death without incurring gift taxes.
Most family members may not have a clue what we have floating out in cyberspace. Accessing or deleting accounts can be tricky for family members, if they don’t have your login credentials.
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
Tax obligations continue on despite the passing of a loved one, and in some cases, come about because of it. Tax deadlines pose a challenge for grieving families.
Every estate plan should include three essential documents: a durable general power of attorney, a healthcare power of attorney and a last will and testament. Of the three essential estate planning documents, the will is the only document that is used after death.