Tag: Estate Planning
There are some steps to follow if there appears to be no will. If a parent passes away and didn’t leave a will or you can’t locate one, things do not have to be too difficult. There are a few steps people need to take if they find themselves in this situation, according to Forbes […]
Standard rules for dealing with digital accounts, have yet to be developed. Rules and regulations vary greatly between different states and between different websites on which people have accounts. However, there are a few things everyone can do now to make it easier for others to handle their digital accounts after they pass away, according to […]
No one wants to end up in a nursing home. However, if you do, it is best to have planned ahead. People who need nursing home care do not have a choice. One of the big problems is that staying in a nursing home for any length of time is incredibly expensive. It is also […]
Families are often silent about what should happen if a parent becomes terminally ill or when a parent passes away. It is generally taken into consideration within a family that a parent will some day pass away. However, it is not often discussed how painful this can be for the children, even adult children. Parents […]
An inheritance can be wasted in many ways, including avoiding work and making bad investments. There are many possible scenarios that could lead to a wasted inheritance. Fears that this will happen appear to be on the rise because, in the next few decades, the largest transfer of wealth from one generation to another will […]
There are many ways to transfer assets. The challenge is sometimes conflicting instructions. It is important that all the different ways assets can pass down do not contradict one another, or an estate plan may not be effective. A common problem that creates conflict was discussed recently. It began with the creation of instructions that […]
Legislators have been working to provide greater access to digital assets for estate administrators. Estate plans almost have to include plans for what to do with digital assets these days. However, many people are still confused about what digital assets actually are. There are four different basic categories of digital assets people might need to consider, […]
Creating an estate plan can be easy. However, there are many opportunities to fail. The ease of writing your own will or downloading some forms from the Internet can make you jump to the conclusion that you don’t need professional assistance. There are many reasons why you really need an attorney, according to the Huntsville […]
You are young, or you don’t have many assets and that means you don’t need an estate plan. Wrong! It is true that if people do not own any real estate and do not have any other property of high value, it will not be too difficult for their families to handle their estates. However, […]
Sometimes little thought is given in the choice of executor. That can create problems. The person in charge of your estate is the executor. Instead of thinking about whether the person they are choosing is the right person, many people just pick a close friend or relative. This can be a very big mistake, especially […]
