Your estate plan is much more likely to be successful, when you recognize and avoid the most common mistakes and take some key actions that often are overlooked.
In general, a last will and testament is an easy and straightforward way to state who gets what when you die and name a guardian for your minor children.
These all-too-common misconceptions can steer your estate plans in the wrong direction right from the start. Here’s how to overcome them and tips to build the right plan for your family.
A last will and testament is a straightforward estate planning tool, used to determine the beneficiaries of your assets when you die, and, if you have minor children, nominating a guardian who will raise your children. Wills can be very specific but can’t enforce all of your wishes. For example, if you want to leave…
After someone’s death, it is typically a time of grief, high emotion, fear of the unknown and confusion. A good estate plan can alleviate some of this.