Second marriages create unique estate challenges. The most dependable path is a revocable living trust that offsets support for your new spouse and safeguarding for children from a previous marriage—in addition to, updated beneficiaries and detailed instructions. Begin with a local plan tailored to you. Why Second Marriages Change the Estate Planning Formula Blended families…
Divorce can nullify certain factors of your estate plan, particularly those directly associated with your former spouse. For example, in a lot of jurisdictions, a divorce may automatically nullify any stipulations in your will that are going to favor your former spouse, unless your will expressly states otherwise. Nevertheless, this doesn’t mean you should rely…
When we think about estate planning, our minds often go straight to wills and trusts—but powers of attorney are just as vital. These legal documents help ensure that if something unexpected happens and we become unable to make decisions for ourselves, a trusted person can step in to manage important aspects of our lives. From…
College students are mostly legal adults, which is going to mean parents might not have input when a medical crisis happens. A medical power of attorney (POA) can help them keep informed and make split decisions in emergencies. A parent’s job is one that never clocks out; however, things get more complex when their kids…
Most people may associate a will and power of attorney with old age or individuals with a high net worth. The truth is, however, every adult, including college students and graduates, should have these important documents in place. What Is A Will? A will is somewhat straightforward documentation in which you declare what needs to…
If you have children or have a child on the way, proactively putting together an estate plan is ideal. From savings accounts to naming potential guardians, use these tips below to create the best estate plan for your children. Estate Planning For People With Children For a lot of parents, the main objective of estate…
A marriage is all about two people deciding to spend the rest of their lives together. But what if, in the end, the marriage does not work out the way either person would’ve predicted? A prenup can be put in place before a marriage for protection. How To Get A Prenuptial Agreement It’s quite common…
When a marriage comes to an end, many couples may view mediation as the best way to resolve their divorce. The appeal of mediation is that this process offers a path for couples to divorce amicably. However, there are a few scenarios detailed below where mediation is not recommended. What To Know About Divorce Mediation…
Both the mediation and arbitration processes are designed to resolve conflicts or legal issues without having to step inside a courtroom. These processes are typically utilized to reach an agreement without a lengthy (and costly) legal battle. Mediation and arbitration are generally used to resolve divorce processes, landlord-tenant disputes, or other interpersonal conflicts. What Is…
Mediation is an optional and private process where an unbiased 3rd party, referred to as a mediator, helps parents in finding answers to custody disputes. The mediator is going to help facilitate discussions and guide each party to a cooperatively acceptable agreement. Dissimilar to judges, a mediator doesn’t have authority to make decisions or enforce…
