If you’ve accumulated a considerable amount of wealth over the years or you’ve been fortunate enough to inherit a large sum and invested it wisely, you likely want those assets to be passed down to future generations. That means not just to your children and their...
Estate Planning
2 estate planning steps to take when you become a new parent
There are not as many exciting life events as bringing a child into the world. When this happens, there are several things new parents must put in place to care for their new bundle of joy properly. One of these is creating or updating an existing estate plan. Estate...
Are you too young to think about estate planning?
If you’re in your early 20s or 30s, then your thoughts are most likely on plotting exciting journeys and entering the most enjoyable chapters of your life. Estate planning is probably the furthest thing from your mind. If this is the case, then you might be making a...
Writing your own will could be counterproductive
Nobody relishes thinking about what will happen if they pass away. For this reason, many people still put off estate planning entirely. The truth is, estate planning doesn’t only clarify matters after a death, it can also bring valuable peace of mind while people are...
Why it may be time to take another look at your estate plan
Thinking about what will happen in the event of your incapacitation can be a daunting prospect. For this reason, people often swiftly create a will and forget about it. Sometimes, a person may even put off estate planning altogether. The reality is that estate...
Estate planning with elderly parents: Simple tips for success
The importance of talking about estate planning with your aging parents is pretty clear: the longer you go without talking about it, the more time you will spend worrying about what will happen should your folks pass on without an estate plan. It is in the best...
3 key elements to consider for your estate plan
It is not uncommon for people to be wary about planning for what happens in the event of their death. Often, this topic may be considered negative or morbid in some way. However, the reality is that estate planning can relieve a lot of stress and offer stability for...
Protecting your child’s inheritance in case they get a divorce
When your children marry, your family grows. You acquire a son-in-law or daughter-in-law. The wedding may soon lead to new grandchildren for your family to raise. Compassion and inclusion can go a long way toward helping these new members of your family feel like they...
A living will protects you while you’re still alive
As a part of your estate plan, one of the things you should consider doing is setting up a living will. A living will is a legal document that lets other people know what your choices are for end-of-life treatment. It will also provide information on the kind of...
Why you need to plan for inflation when estate planning
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...