One of the key tasks when estate planning is to put enough money aside for your retirement. Yet, that can be hard when you do not know what things will cost in the future. When making your estate plan, you need to allow for inflation. Yet, sometimes prices rise more...
3 reasons working-class adults could use a trust in their estate plan
People often treat detailed estate planning like a process that only benefits those with millions of dollars in personal assets, but nothing could be further from the truth. Neither estate planning nor trusts are only useful to those who are independently wealthy. ...
Sibling rivalries don’t always end in adulthood
Any parent knows that sibling rivalries can be intense. Children vie for their parents’ attention and they try to get the upper hand in countless ways. You may even feel that your children simply struggle to ever get along as they grow up. That may be true, but do...
Where do you start when cleaning out a loved one’s home?
One of the biggest challenges Baby Boomers and those younger face when their last living parent or other elderly family member passes away is what to do with all of their belongings – and, more specifically, how to decide what to keep. Maybe you’re an only child, and...
What your debts could mean for your loved ones when you die
If you don't have any co-signers on your debts, you might ignore them when planning your estate. People often mistakenly assume that a debt dies when they do unless there is a co-signer. In reality, the debt remains valid regardless of whether or not you are alive to...
Creating your first estate plan? Answer these questions
Creating your first estate plan will give you peace of mind. Of course, since you’re new to the process, it can also bring stress into your life. Fortunately, when you know how to approach the estate planning process, it’s much easier to get on the right track and end...
Dying without a will is the best argument for making one now
Estate planning is an important step for an adult to take, regardless of whether they have children, a business in their name or a sibling with special needs who is dependent on them. However, most people perceive estate planning as something that primarily benefits...
Signs that you should consider adding a trust to your estate plan
Many people mentally associate using a trust in their estate plan with the ludicrously wealthy. While it is true that very rich people benefit from using a trust when they plan their legacies, middle-class and working-class Americans also benefit from trusts in...
Reasons to review and possibly modify your estate plan
Your estate plan gives you and your loved ones peace of mind, both while you’re living and after your passing. So, once you create an estate plan, you’ll feel better about anything the future could bring. But even though you have an estate plan you’re comfortable...
Avoiding mistakes in your estate plan
Most people will do anything to avoid making mistakes, especially when those mistakes have the potential to be costly or cause struggle for those they love. Unfortunately, estate planning seems to be one area where many people make mistakes, and those errors do not...
