From digital assets to financial accounts to sentimental items, here’s what to think about to make sure your loved ones have access to everything they need when you pass away.
The law requires probate for a good reason. If a person dies, probate ensures that the property goes to the people who are supposed to inherit it.
We are approaching the biggest wealth transfer ever, as Baby Boomers prepare to hand off their life savings to their heirs. However, will their heirs actually get the full amount of the wealth intended for them…or will a large amount be lost to unnecessary taxes?
I’ve decided I no longer want to leave my estate to my children. They are ungrateful brats. How can I set things up to give my money to charity when I die?
Non-probate assets are those assets which do not go into an estate when the owner dies.
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
Part of being a responsible homeowner is having a proper estate plan in place. After all, considering the home is generally the largest asset most people own, it’s prudent to ensure this asset is passed to the people you wish to leave it to.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
This is a great time to get organized with estate planning—it will make things a lot easier for yourself and your loved ones.
In general, the best reason to establish a charitable trust, is if you would like to create a long-standing form of charitable giving.