As you think about the future, it may occur to you to talk about estate planning with your parents. If you sense hesitation or confusion over the topic, it can also feel hard to know where to start the discussion. Making a plan and following a few simple tips can help...
The subject of your funeral is probably not a pleasant subject, but it is something to consider in your estate planning. Some families end up in conflict with the funeral home that has the body of their loved one, which only adds to their stress and grief. To help...
Any trust you create will need someone to administer it. If you are not the trustee, you will select another person to manage your trust. Since trustees carry out important duties, you should feel confident that your trustee choice will be up to the task. Trusts vary...
Most people understand the importance of estate planning but may be ill-informed about the process. This leads to costly mistakes that may create probate complications for your family after your death. Although not planning at all is the most common estate planning...
According to Caring.com, only 30% of Americans have an estate plan. If you are one of the 30%, you know that creating an estate plan is a key aspect of financial planning. For residents of Delaware, understanding how to minimize the tax burden for your family in your...
Proper estate planning should help ensure that your heirs receive your property. However, sometimes assets remain after an executor has finished distributing the estate to beneficiaries. These leftover assets make up a residuary estate. The problem with a residuary...
If you have a child with special needs, the need for a thorough estate plan is critical. The idea can be daunting. However, consider these tips to help you organize your thoughts on the subject and take action. Plan for your own incapacity or disability In the event...
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...