New project aims at alleviating concerns and regrets of the elderly. The Stanford Friends and Family Letter Project is a relatively simple idea that eases some last-minute concerns of the elderly, according to the New York Times report “Writing a ‘Last Letter’ When You’re Healthy.” It is not surprising that there are many things people […]

More Americans than ever are amassing fortunes but how do you pass on wealth to heirs? There are more families with wealth that surpass $5 million today which increases the need for information on the best way to pass on that wealth to the children, according to Barron’s report “Penta Millionaires: The New Rising Class.” […]

Trusts are sometimes difficult to understand but acquiring that knowledge can be very beneficial. When a person learns they may need to set up a trust, the terminology can be challenging but there are some common trust types as the Motley Fool recently discussed in “Navigating the World of Trust Funds: Your Quick Guide.” The […]

If you are a parent it is likely a will is an essential document. It is likely that once you bring a child into this world you are going to be more concerned about them than you are about yourself which means you need a will as Nerdwallet explains in “Protect Your Family by Writing […]

Dear Abby column advises setting up trust but is that really good advice under the circumstances? A Dear Abby column was recently published in the Chicago Sun Times on setting up a trust in “Dear Abby: He wants a night when wife dresses sexy.” But is that advice really the right way to go? The […]

If you avoid basic estate planning mistakes, you have a better chance of making sure your estate goes to the right people. Mistakes may happen even when people put in their most diligent efforts to avoid them. On the other hand, there are some estate planning mistakes that are easily avoidable. CNBC recently wrote about […]

There are many options when estate planning and a revocable living trust may or may not be a good option for you. The Motley Fool recently discussed the benefits and drawbacks of revocable living trusts in “Is a Revocable Living Trust Right for You?“. The biggest benefit of a revocable living trust is that your […]

When it comes to estate planning, a “simple will” is often the starting point for many. But it’s important to understand that a simple will can cover basic needs but may not be right for everyone especially those with more complex situations. As noted in a recent article from The Courier-Journal, “Thank You and Simple […]

States vary on the requirements for what can be submitted to the courts if a will has been created but the original cannot be found. If you have created a will but have lost track of it problems can arise as the Napa Valley Register discusses in its column “Is lost will still valid?,” where […]

There are many ways to transfer assets but you still need a will. There are a number of ways to transfer assets from one generation to another but as Forbes explains in “Do You Really Need A Will?” there are still many reasons to have a will. Anyone with minor children should have a will […]