Be Aware of Probate
Whether you recently experienced the loss of a loved one or are learning how to best prepare and plan your own estate, you’ve likely come across the term and may be wondering, “What is probate?” It’s important to understand what probate is and how the process works.
When Selecting Beneficiaries Gets Overlooked
If you’ve ever spent time working through your estate plan with a professional, you know how important it is to select and update your beneficiaries. Failing to do so can result in costly mistakes—for you and your loved ones.
Mistakes to Avoid when Planning Estates
Five of the most common mistakes are easy to avoid with the right information and support, as well as a little creativity.
How Do I Plan My Estate with a College-Age Child?
If you have a college-aged child, estate planning is probably the last thing on your mind.
Not a Billionaire? Trusts Can Still Be Beneficial
Even if your asset base doesn’t measure up to the Bill Gates standard, you may consider using trusts in estate planning. This is because they can help your heirs in many different ways.
What’s Everything I Need to Know About Wills?
Here’s everything you need to know about writing your will.
Can I Disinherit a Family Member?
If you don’t want your deadbeat brother or even an estranged spouse inheriting your estate, you have to tread carefully.
Estate Planning for Unmarried Couples
The number of unmarried couples who live together reached 18 million in 2016, a 29% jump from 14 million in 2007. Among adults age 50 and older, the increase was 75%: About four million were cohabiting in 2016, up from 2.3 million in 2007.
Can I Add an Adult Daughter to the Title of a Home?
I have a house with a mortgage that I purchased a little over a year ago. At the closing, I asked if I could put my daughter on the deed with me. However, the mortgage company wouldn’t allow it. I don’t want her to have to go through probate, because this is my only asset. Is there a way I can leave the house to her, so she can sell it and pay off the mortgage?
How Can I Move On after a Loved One Dies?
Even as you work through your grief, there are some important financial tasks to take care of along the way. Here is a framework to use as a starting point.