Some people are comfortable sharing their entire estate plan with their children. Others would rather keep this private, as they have concerns about these discussions causing more harm than good. When your children are young, you probably won’t think twice about this. They don’t know anything about estate planning and you don’t want to scare them. However, as you and your children age, you may have questions about whether it’s a good idea to discuss your estate plan with them. Here are a … [Read more...] about Should You Tell Your Children About Your Estate Plan?

For many people, the first thing that comes to mind when discussing estate planning is the creation of a will. While it’s not likely to be the only part of your estate plan, there’s a good chance that it’s a big part of what you do. When creating a will, there’s a mistake you need to avoid: assuming that the only thing you can do is specify who will receive your assets upon your death. Yes, this is one of the primary goals of creating a will, but it’s far from the only detail to … [Read more...] about Remember to Include These Things in Your Will

When you mistake estate planning myths for fact, there’s a greater chance that you’ll make a mistake that affects you and/or your family now or upon your death. Since you don’t want to put the well-being of your loved ones at risk, it’s critical to become familiar with the many myths that have the potential to complicate your situation. While there are a countless number of estate planning myths that can bog you down, it’s these three that often require a large portion of … [Read more...] about Estate Planning Myths: Don’t Let These Complicate Your Situation

There are many estate planning tools that you should consider, with a living trust at the top of the list. It’s not the right choice for everyone at every stage of their life, but you may soon come to find that it suits your many requirements. A living trust is designed to hold your assets while you’re living, while transferring them to your designated beneficiaries upon your death. There are a variety of benefits of a living trust, with these three among the most appealing: No … [Read more...] about These Benefits of a Living Trust May be Just What You’re Looking for

Once you create an estate plan, you’ll wonder what took you so long in the first place. Not only does it give you and your family peace of mind, but it also provides you a greater sense of organization. But before you get too excited, here’s something to remember: your estate plan is likely to require some changes as you age. Your circumstances can and will change as the years go by. When this happens, you don’t want to wait to review your estate plan. You’re likely to find that a few … [Read more...] about Is it Time to Review Your Estate Plan?