If you’ve worked hard to create wealth for yourself and your family, you may want to consider multigenerational estate planning. One of the most important things you can do to protect your family’s long-term financial health is to plan for future generations. According to Forbes, only 10% of wealthy families retain their wealth past …
Celebrities are often a source of envy and aspiration, but they can also be an excellent example of what not to do. Several millionaires throughout history have dropped the ball when it comes to estate planning, leaving their heirs, fans, and business partners in a state of chaos and disarray. While the average person may …
Celebrity Estate Planning Fails – And What We Can Learn From Them Read More »
While the importance of personal estate planning is often emphasized and many people draft a last will and testament or establish a trust for their loved ones, that’s not the only sphere that should be considered. If you own a business, then estate planning will secure your company’s legacy as well as protect those connected …
We all want to make an impact while we are around. We inevitably collect things we can’t take with us no matter how we live. Luckily for us, we live with the freedom to distribute the rewards of a life well-lived after our passing, and the process of designing this transfer is known as Estate …
Confused when to update your estate planning? Have a look below to know all the details:
Planning for your death isn’t just for the wealthy. It’s something everyone should do. It can help you pass your estate to whomever you want to pass it to, be it your children, spouse, or your favorite charity. Due to rising death rates caused by new variants of Covid-19, the demand for estate planning is …
There comes a time in everyone’s life, when they start to think about passing on their life’s hard work to the people or causes they cherish. Having both a will and trust is vital to fulfill this. With that in mind, learn about the four fundamental differences between a will and a trust. How Is …
As human beings, a lot of us just don’t like to think about the fact that we’re bound to pass away someday. Our fear of mortality often keeps us from making arrangements for our estate after our eventual passing. This is a grave mistake to make because estate planning might just be the most important …
It’s almost an unspoken rule of respect to honor the deceased’s will, but certain challenges may cause a person with standing to contest a will. Will contesting has become a more common issue in recent years due to various different factors and is only expected to rise over the next few years. Here are some …
Death is unpredictable, which is why it’s important to hire an estate-planning attorney and make sure you’ve planned for everything beforehand. Not doing so can put your loved ones in trouble while they’re still mourning over your death. This blog post will highlight three common mistakes people make when estate planning. Not Having a Will …
4 Things That Are Wrong With Your Estate Planning Read More »
Whether you’re single or married, estate planning is essential if you wish to save your family from trouble after you pass away. It may seem like an incredibly difficult topic to discuss, but it’s important nonetheless. This blog post will highlight the importance of estate planning for married couples. What is Estate Planning? Estate planning …
The Ultimate Guide to Estate Planning for Couples Read More »
An estate plan is essential even if you don’t have heirs or children. Have a look below to know how to form one in such cases.
Everyone needs an estate plan—even when they don’t have children or heirs. A will and testament is a legal document stating how an individual’s property must be distributed after they die. It doesn’t matter if you don’t have children or grandchildren; you can still leave your property behind for other members of your family, friends, …
Estate Planning—What Happens When You Have No Children? Read More »
The rate of marriage in the US dropped among all age groups except the 55yrs and over crowd; many people in this age segment choose to remarry. If you’ve decided to get remarried and wish to leave behind an inheritance to children from your previous marriage, you’ll need to look into estate planning to prevent …
Whether you are in charge of another person’s estate or planning for your own future, there are many ways a probate lawyer can help. Have a look below to know the reasons to hire one.
