If you are in the middle of the estate planning process, you are far ahead of most. In fact, according to reporting from CNBC, almost 70% of Americans do not have a basic will, let alone a comprehensive estate plan. Part of creating a comprehensive estate plan is...
Very few people want to think about the fact there may be a time when they are unable to make medical decisions for themselves. An advance directive is an estate planning tool that plans for incapacitation. One of the parts of an advance directive is naming a medical...
Finetuning your estate plan will span your entire lifetime. As your life changes and new experiences happen, you will encounter more than one incident that requires you to update your plan. Knowing when and how to update your strategy can prevent costly and...
When creating your estate plan, selecting an executor is one of the most important parts of the process. After all, this person will oversee your estate after your death. Of course, many people automatically lean toward a family member when choosing their executor....
Not every will is equal. Unfortunately, some people will battle with an unfair or unequal will that intentionally avoids giving someone their dues, or a will that was the result of undue influence. In these cases, it is possible to contest the will. However, not every...
When you craft your Texas estate plan, you may decide to appoint someone with whom you have a good deal of trust as your executor. The executor is the party who oversees the distribution and management of your estate after your death, so there are a number of key...
Like others, you may think estate planning only involves writing a will and only matters if you have significant assets you wish to pass on. However, it also includes the creation of advance care directives. Understanding the types of advance care directives to...
When dealing with estate planning, there are many potential issues that may arise, including the possibility of someone exerting undue influence. But what is this? What does it mean for a victim? What does it mean for the estate and for everyone else involved? The...
Most people simply do not put the time and energy required into choosing beneficiaries, whether it is for a retirement account or something else. But the choices you make about beneficiary designations now could impact the owner of an estate and their other...
Those named as executors of a will have a variety of duties after the author of the document passes away. Farm Bureau Financial Services reports that while the main duty is to carry out the final wishes of the deceased, the executor also has many other tasks, both...