Tag: Estate Planning
People need estate plans, even when they are not holding large assets. Despite the popular myth that only people with large financial holdings need estate plans, people who do not have a large estate do need an estate plan, according to Pauls Valley Daily Democrat in “More on estate planning myths.” Many of the people […]
An estate plan is more than a will and can solve many problems for you and your family. Some recent statistics point out the importance of Americans not only creating a will, but learning about the options of an estate plan, according to the AARP in “Haven’t Done A Will Yet?“. A new survey reveals […]
Making the decision to create an estate plan, may well ease your family’s pain in the future. If you don’t have an estate plan, you risk putting your family through some unnecessary difficulties, according to the Las Vegas Review-Journal in “Estate planning can save your family plenty of money and heartache later.” Not having an […]
As it turns out, everyone would be wise to create a will. The Norman Transcript recently answered some misconceptions about the need for a will in “Wills: Who needs them?“. As it turns out, the answer to the question posed in the article’s title is “everyone.” There is not a single category of adult who […]
Close attention should be paid to beneficiary designations, by reviewing them on a regular basis and changing them as needed. A recent discussion by the Wills, Trusts & Estates Prof Blog “Ex-Spouse Receives Bulk of Insurance Death Benefit” highlights the importance of following your attorney’s advice and updating your insurance beneficiaries to meet changing circumstances. […]
Parents who cosigned student loans for their children, who then passed away, no longer have to pay back New Jersey. The state of New Jersey has been known for taking a hard stand on student loans. However, it has now taken a reverse course, according to Financial Advisor in “N.J. Discharging Loans For Families of […]
If you make no provisions in your estate plan for your spouse, your spouse may elect to take his or her share and the court could alter your plans. There are several different ways to leave an inheritance to your spouse, according to The Times Herald in “Options for leaving an inheritance to a spouse.” […]
You don’t just need a divorce attorney, if you decide to go separate ways. If you end up needing a divorce attorney, it might be wise to consider an estate planning attorney as well, according to Nasdaq in “What to Do If You’re Divorcing Your Valentine.” Valentine’s Day can bring couples closer together or drive […]
“I love you” may not be the best approach in estate planning. The best way to express love for your spouse when it comes to estate planning may not be “I love you,” according to Wealth Management in “A Better Way To Say ‘I Love You’.” A “simple will” normally refers to a will made […]
The creation of a will should not be left to only older Americans. The majority of Americans do not have a will, according to a survey reported by The New York Times recently in “Why You Should Get Around to Drawing Up a Will.” The new survey, which reveals that only 42% of Americans have […]
