Once you have gotten the hard part done and set up your estate plan, you may be wondering when it will be time to take another look at it. In most cases, you can update or change your estate plans at any time. However, there are some situations in which you should...
As most people get older, the thought of planning for the future and creating an estate plan may cross their minds. However, there is no rule that you have to be at least a certain age to begin estate planning. In fact, making an estate plan sooner rather than later...
One of the most important aspects of estate planning is drafting your will—and choosing the executor of your will. The executor holds an essential role in ensuring that your assets are correctly distributed upon your passing. The person you select for this role will...
Getting started with the process of estate planning may seem like a daunting task. However, it is always better to begin planning for your future sooner rather than later. As you begin thinking about the future and how you want to manage your assets and estate, there...
Discussing end-of-life care and decision-making in the event a loved one becomes unable to make important health-related and financial decisions on their own can be difficult. However, the best time to draft a legally binding power of attorney is before it is actually...
Trust or estate administration may involve many different special assets beyond just the distribution of real estate and financial accounts. These special assets, including rare coins, should be handled carefully throughout the trust or estate administration process....
Some additional considerations need to be addressed when a trust or estate contains firearms or other similar special assets. There are certain laws to follow regarding how firearms and weapons are handled during trust or estate administration. If you are an...
When you are estate planning, it is essential to make plans for digital and other special assets. These days, almost everyone owns some form of a digital asset. It is crucial to understand the terms of use for your digital assets regarding access and control of the...
When you begin the estate planning process, make sure that you plan for all of your assets and property, including antiques and other unique assets. These personal property items can make the trust or estate administration process more complex, so it is essential to...
If you are ready to get started with estate planning, the best way to begin is to call an estate-planning attorney and set up a meeting. In order to make the estate planning process go as smoothly as possible, it is helpful to do some preparation before you meet with...