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Simplifying estate planning

Estate planning is a task that many people put off doing. As a matter of fact, a 2015 survey from Caring.com revealed that 44 percent of parents in the United States do not have wills or living trusts. Is it because they do not understand the importance of having these documents in place?

Estate Planning And What To Do About Your Family Home

No matter your level of income, your home may be one of your most valuable assets. Unlike other types of assets -- such as pension plans, stocks and 401(k) accounts -- homes and long-held vacation properties have sentimental value as well. This can make them hard to let go when the time comes.

How legal help benefits you with estate planning issues

In the last few weeks, we have talked about a lot of critical issues relating to estate planning. Charitable trusts can go a long way towards helping your loved ones. Wills, and the act of frequently updating them, can lead to a prosperous future for your beneficiaries. And your executors have a major responsibility to carry your estate through to the finish line.

Do you really want to do that to your family?

The days, months and years following the death of a loved one can be very difficult. Not only are those left behind mourning their loss, there are often mountains of paperwork to deal with. While a bulk of estate settlement duties fall to executors, successor trustees or other fiduciaries, unanswered questions and unequal treatment of heirs can lead to confusion and hard feelings.

2 estate planning tools Hugh Hefner may have used for his widow

Hugh Hefner, of Playboy fame, recently passed away. He reportedly had an “iron clad” prenuptial agreement with his third wife that kept his fortune from his young bride. Yet, current reports state that the widow will “be provided for” after the death of her husband.

Now is the time to discuss nursing home plans with your parents

In recent blog posts, we discussed the importance of talking to your parents about their nursing home and estate planning strategies. This step is critical to making sure your parents have the care they need in their later years and that their assets are transferred according to their wishes.

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