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Many Americans know how a final will and testament functions, even if they do not have one. However, many people are completely unaware of living trusts and the role they can play in an estate plan. There are two main varieties of living trust. According to Experian,...
Estate planning offers security through wills, trusts, health care directives, and guardianships. Despite these benefits, more than half of Americans do not have one. Many myths and false information can keep people from making an estate plan before they need it,...
As you put together your estate plan, you may want to leave some assets to charity. Charitable giving usually requires some thought so that you can choose the option that you think best fits your situation. There are several ways you might donate to charities after...
If you have written a will, you are doing better than many. According to one recent study, 68% of Americans do not yet have a will. Writing your will, of course, is only part of the estate planning process. You must also regularly review the document to ensure it...
Making a will involves a variety of difficult choices, but if you have minor children, choosing a guardian to care for them in the event of your death is likely one of the most daunting. U.S. News notes that failing to name a guardian for your minor child leaves a...
Everyone should consider an estate plan. During the estate planning process, there are several documents that you should consider. According to AARP, the proper estate planning documents can ease your family’s struggles at the time of your death or in case you suffer...
Becoming a parent changes more than just your sleep schedule. Once you become responsible for another human being, most aspects of your life undergo change, and if you have not given much thought to your estate plan, now is the time to do so. Estate planning may...
If you are a young adult or have not yet reached middle age, you could overlook end of life issues, thinking that it is unnecessary to address these issues at this point in your life. Many Millenials do not have an estate plan set up, but there are a number of reasons...
From the time that your estate's administrator submits your will to the New Jersey probate court, the process may take up to a year to complete. Depending on the type of property you own and your beneficiaries, however, the procedure may wrap up sooner. As noted by...
Estate planning is particularly important for people who have minor children so they can appoint a guardian to care for them in the event of both parents' death. However, is it really necessary if you do not have children? Failing to create a will or any type of...
