More people are discovering the benefits of using trusts as estate planning tools. What’s interesting about an annuity trust is that you can choose another person to be your beneficiary, or you can become your own beneficiary. Some annuity trusts even allow you to...
Your life insurance policy could play a major role in your estate plan, but the way that you handle the policy and its proceeds could impact the legacy you leave when you die. Although you may think you have properly addressed your life insurance policy in your estate...
Creating your estate plan can be a daunting task. There are many things to consider, and mistakes are easy. Here are some of the most common mistakes to avoid when making your estate plan. Five potential pitfalls Creating an estate plan is an important task you...
When someone you love has a disabling condition, whether a genetic anomaly or the result of injury, the desire to protect them is intense. The urge to shield a loved one from hardships can become so powerful that it consumes nearly every part of your existence....
There’s a lot that goes into a will – one important factor in deciding who will care for your estate after you pass away, also known as the executor of an estate. An executor of an estate, essentially, overlooks your estate in preparation for its distribution to your...
Providing support for aging, vulnerable adult is not an easy task. Many older adults need help with every aspect of their daily lives, from getting in and out of the shower to cooking their meals. They may need support remembering when to take their medication and...
To most people, it is tough to imagine that a time will come when they will not have the capacity to make crucial decisions on their own. However, thanks to the prevalence of conditions like dementia, there is a chance this might happen to you. Fortunately, there is...
Once you create an estate plan, you need to revisit it regularly to ensure it is still current. If you let it get out of date and something happens to you, you will create problems for yourself and your family. Issues that you could easily have avoided through regular...
As you’re developing your estate plan, you may be thinking about a child you fathered many years ago with a woman you never married. You’ve had no relationship with that child over the years and maybe have no idea where they are or even if they’re still alive. Either...
When you are not in a mental or physical condition to make decisions surrounding your health or finances, you need someone to do it for you. It could be a relative or a friend you trust to make the right calls. Making some of these decisions, such as those surrounding...
