It's uncomfortable to think about death, especially your own. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…
Wills and trusts are usually associated with estate planning and passing assets to future generations. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about what…
The living will is a legal document that describes your medical preferences if you can't make those decisions for yourself. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia, a…
When your loved one dies without a will, known as intestate, what happens? According to your state’s intestacy laws, a probate court will oversee the distribution process of the decedent’s property. Also known as intestate succession, it has similarities to…
As banking and bill-paying become more challenging as one age, incapacitation by accident or sudden disease can occur to anyone at any age, creating the same difficulties. Incapacity is not just about mental cognition, accident, or illness. You may have…
People with disabilities can save money tax-free by creating a special needs trust (SNT) or an Achieving a Better Life Experience account (ABLE). Both options provide a mechanism for saving money and protecting resources that ensures the person with a…
Upon the death of a loved one, their will specifies what property should be distributed and the person responsible for settling their estate. For many reasons, beneficiaries can feel slighted by what they did or didn’t receive, and some individuals…
During his lifetime, King was married to seven women and had five children. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight to…
Intestacy laws in your state will determine your estate's financial future and legacy for your loved ones if you don't put together a plan. Dying without an estate plan or a basic will creates confusion, work, and heartache for your…
Your legacy may have taken years to develop and protect. But have you thought about the impact it will have on family members who are in different stages of life after you are gone? It’s crucial that your loved ones…