While it may not be the first thing on your mind, sitting down to work out an estate plan is a smart thing to do after your marriage. Creating or updating your estate plan will help your new family unit handle the unexpected. Change Account Beneficiaries Start by updating the easiest thing involved in this…
Of course, it may be tempting to save money by planning your estate by yourself, but there are many cons to DIY estate planning. There are plenty of small details that the average person won’t be able to account for unlike an experienced estate planning attorney. For this reason, it always makes sense to get…
If you are considering moving to a different state, it’s crucial to remember that relocation may bring some unexpected changes to your estate plan. From updating your will to reviewing your power of attorney, it’s suggested to use these tips before moving out of state. Executor Of The Will When moving out of state, it’s…
If you have recently gone through a divorce, it is very important to update your estate plan. Failing to revise your plan could result in unintended beneficiaries inheriting valued property or money from you. Most states will automatically disinherit your ex-spouse when you have left assets to him or her but have failed to update…
You might not feel like your child is an adult when he or she takes off for college, but when they reach age eighteen, your student is deemed a legal adult. Meaning, unless you finish some estate planning steps, you are going to no longer have the legal authority to stay informed about his or…
No parent wants to think about what will happen to their child in the event of the untimely death of one or both spouses. Unfortunately, unexpected events can happen, and they need to be planned for. Every parent can take steps to provide for their child’s future care. Choosing the right potential guardian is a…
The costs of estate planning will undoubtedly vary based on several factors. On average, a basic will written can cost between $100 to $250. A more complex plan, however, can cost upwards of $300 per hour for an experienced estate attorney. Let’s look at this process and what you can expect as you come up…
Only three individuals will be present during divorce mediation: You, your soon-to-be-ex spouse, and the mediating attorney. These meetings will call for a more informal dress style as they are created to encourage a functional relationship between the spouses. Of course, it is important to be mindful of your wardrobe selection, though. You’ll want to…
When you are in good health and busy, it’s easily put off thinking about what would happen should you come down with an ailment or get injured in the future. Whether or not you have any present health concerns, it is vital to be prepared for any such circumstance — especially the plausibility that you…
An estate plan is a broad plan of action for an individual’s assets that may apply both during your life and upon death. A will, meanwhile, dictates where the assets will go after death. Let’s take an in-depth look at the differences between estate planning and wills. What Is Estate Planning? Property ownership, relationships, and…
