When you have children, you’ll go to the ends of the earth to protect them and make sure they are safe and happy. It’s a major reason why parents buy life insurance — or the main one at least. Having life insurance means that if something happened to you, your children would be OK financially.
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In the event of a divorce, it is important to remember about changing the beneficiaries nominated on any life insurance policies and pensions (both employer and personal). Failing to do so could mean that, in the event of death, your assets would not be distributed in accordance with your wishes….
Equality is a noble concept and one that many people turn to when deciding how to divide up their estate. There are many circumstances in which equal distribution of assets among beneficiaries is the right choice, but there are some cases where identical inheritances do not make the most sense. I…
Have you been wondering… What is the difference between a living will and a health care directive? Let us explain! An advance directive is a set of instructions someone prepares in advance of ill health that determines his healthcare wishes. A living will is one type of advance directive that becomes effective when a person is terminally ill and incapacitated.
Having a family member pass away is something that is so emotionally draining, but thinking about the next steps are right at the top of mind. So, if you are wondering what that next step is, we are recommending probate.
A do-it-yourself (DIY) or even an online Will may seem like a really good deal on the surface – for a little bit of money you purchase a Will template or you can go online and have it prepared without an attorney. But, a Will can be a complicated matter – estate attorneys go to school for years a…
Download a free copy of the “Estate Planning Checklist for Parents” and start planning to protect your kids through it all.
Two Documents Every 18 Year Old Should Sign
Whether your young adult lives at home with you, attending college or out on their own, we recommend that your child sign a Durable Power or Attorney for Finances and a Power of Attorney for Health Care. These two estate planning documents, more commo…
Why not make 2020 the year you finally give yourself and your loved ones the peace of mind of a well thought out estate plan?
With the New Year behind us, our thoughts inevitably turn to new beginnings and self-improvement. Many of us resolved to eat healthier and exercise more, save more money…
What is a Will and why do I need one?
It is often difficult for people to think about death, and understandably so, but in order to ensure that your loved ones are cared for after you pass away, it is important to consider drafting a will. A will is a written document, that designates guardians…