Estate planning

When doing your estate planning, you may come to realize that certain heirs may need more restrictions placed on their future inheritances. While spendthrift trusts won’t be needed by every estate planner, they can come in handy for heirs who struggle with money...

Every person creating an estate plan has different needs. They have the option of creating numerous documents based on their family circumstances and personal resources. People creating their estate plans also typically need to think about emergency scenarios where...

If you have an estate plan, it is excellent that you have taken steps to give your family guidance when it comes to distributing your assets, determining what type of medical care you need and things of this nature. Drafting a plan well in advance can help to avoid...

Worrying about a special needs family member is natural. Parents, grandparents and even siblings may want to take steps to ensure that a family member with special needs has financial support for the rest of their life. A special needs trust that addresses long-term...

When drafting or modifying an estate plan, a person must have testamentary capacity. This generally refers to their ability to understand what they are doing, the legal choices they’re making and the impact of their decisions. They must be of sound mind, intentionally...

Professional success or starting a family are common reasons that people create estate plans. People who have six-figure incomes, spouses or minor children often want to ensure the right people inherit their resources or to protect their dependent family members. It...

One important part of estate planning is to consider your medical needs in the future. The more planning you can do in advance, the better. This gives your family direction, ensures that your wishes are honored, and allows you to make a plan before there are any...

Families may fund a special needs trust to protect vulnerable loved ones. A trust can provide supplemental support when someone tries to live independently or after the death of their parents or caregivers. A trustee must oversee trust resources and make appropriate...

Finding the right executor (also known as a personal representative) to take care of your estate can sometimes be challenging. Not everyone has a lot of options to choose from. One thing you might consider important is finding someone who is confident. A certain...

There are a lot of decisions new parents have to make, and some of those are overwhelming. One thing that some parents may not have thought about is their estate plan, but this is critical when a baby is born. An estate plan outlines who will receive which assets,...