Changes in life happen, and so should your estate plan. Significant events—such as marriages, divorces, having a baby, or changes in financial standing—can all impact on how your assets should be overseen and allocated. When you don’t update your estate plan as a reflection on your present wishes, it could create needless complications for your…
After you have established your estate plan, make sure it stays well-constructed by revisiting it on a regular basis or at significant life events. A lot of individuals review their estate plan at regular frequencies, usually when they go over their entire financial plan. This can be accomplished yearly, twice a year, or quarterly; for…
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…
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…
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…
Happy New Year! Here at Ogborne Law, we love this time of the year. It’s a perfect time to reflect on the past year and the ideal time to set ambitions for the next year. Did you reach the goals you set for yourself last December? Even though healthy living is usually top of most…
Do you recall the last time you went over your estate plan? Should the answer be when you first signed the documentation at your attorney’s office, you are not alone. A lot of us create an estate plan and then fail to examine it for years (and many never do). It is important, nevertheless, to…
