Recent Blog Posts
Estate Planning Tips for Young Parents
Young people often do not consider getting their estate plans set, believing it can wait until they are older. But when they become parents, it’s important to at least establish a minimal plan to protect their children in the event of their untimely passing. The following are a few estate planning tips for young… Read More »
Tips for Storing Your Will
A common problem encountered by estate executors is actually finding the estate planning documents they need to carry out a deceased person’s last wishes. Fortunately, with a little bit of planning on your end, this is an easy problem to avoid for your loved ones. The following are some tips for storing your will… Read More »
The Pros and Cons of Using Online Tools to Create Wills
People are using the Internet to do more than ever today, and there is now the option to create wills and other estate planning documents online. But is this a legitimate option for people looking to truly ensure the security of their documents? The following are a few of the pros and cons to… Read More »
When and How to Revoke a Will
If you wish to revoke a will and write a new one, there are several ways you can officially abandon the old document. You can tear it up, burn it or destroy it in any other manner — or you could simply void the will by adding an attachment noting that it is invalid…. Read More »
Are Oral Wills Valid?
An oral will is a one that has been spoken out loud to another person, but not written down. These wills are only valid in limited circumstances, such as if a person has suddenly become ill and is unable to create a written will before passing away. Witnesses who heard the deceased person state… Read More »
What to Consider Before Saying ‘Yes’ to Serving as Someone’s Trustee
You are not legally required to take on the responsibility of trustee if you are asked to do so, or even if you were named trustee without your knowledge. There is typically a list of people named in an estate plan to be potential trustees, and if you decline, the next person will then… Read More »
Tips for Estimating the Value of a Deceased Person’s Real Estate
If you are the executor of an estate that includes a house or another piece of real estate, you will need to figure out exactly how much it is worth. The value of the property could affect estate taxes, along with the probate and asset division processes. In many cases, inheritors will put the… Read More »
How to Choose Which Person Will Have Power of Attorney
At some point, your estate plan is going to become outdated. This will likely happen when your children become grown, your financial condition changes or when you reach retirement. When your own personal situation changes, it’s important to make sure you make the corresponding changes in your estate plan, as well. The following are… Read More »
Why it’s Important to Make Sure Wills and Trusts are Updated
At some point, your estate plan is going to become outdated. This will likely happen when your children become grown, your financial condition changes or when you reach retirement. When your own personal situation changes, it’s important to make sure you make the corresponding changes in your estate plan, as well. The following are… Read More »
When to Update Your Will
By regularly reviewing your will and ensuring it is properly updated, you lessen the risk of an inheritance dispute occurring over your estate. Here are some events that warrant a possible update of your estate planning documents: The changing family scene If new children or grandchildren are born or adopted, or if a child… Read More »