Estate planning allows you to set up your succession. However, if you die without a will or trust, then whatever plans you have for your estate may not come to fruition. Additionally, your family may have a more frustrating and long-term struggle to settle your...
A health care directive is a legal statement that discusses your medical preferences if you experience incapacitation and cannot make your own medical decisions. These documents provide guidance for your family and health care professionals if you experience terminal...
Once you write an estate plan, you may feel like that is all you need to do. However, it is actually just the first step. You should review and update your estate plan every so often. But how do you know when to do a review? Regular 3-5 year reviews Forbes discusses...
Assuring children have financial security throughout their lives is a critical duty. It is even more vital when the offspring bear special needs. Fortunately, setting aside money for a child with challenges can be easy. This is especially true if one embarks on the...
While not always easy to think about, adults of any age need to start thinking about wills and estate planning. For people who have already acquired property and other assets, ensuring what you built goes where you want remains key. Depending on your situation,...
An executor should know you well, understand what you want, and be able to serve in your best interest after your death. However, they also need to have a number of other skills, because the job itself is quite demanding. Do they have the right communication skills?...
When choosing your executor, you likely want to go for someone that you know well. However, what you should be aiming for is someone who can stand up to the responsibilities that the role entails. Estate executors actually do a lot of heavy lifting when it comes to an...
If you have ever had to bury a loved one, you probably already know just how expensive funerals can be. Indeed, according to Bankrate, the average burial in Delaware costs nearly $8,000. Funerals with cremations are cheaper, but they still cost roughly $7,000. It...
Every year, people from all over the Mid-Atlantic region move to Delaware. Whether it's to be closer to loved ones or to take advantage of our low taxes, Delaware can be an excellent place to retire. Moving to a new state means a lot of changes in your life. That...
When you die, everything you own comes up for grabs. If you have an estate plan in place, then you have established who will get which assets. The state will abide by your wishes as long as you have legally put your plan in place. However, if you die without an estate...