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Posts tagged "Estate Planning"

Estate planning allows you to rest easy

There are a lot of good reasons to do estate planning. Unfortunately, many people put it off until tomorrow. But can we ever be sure we will have a tomorrow? Life is unpredictable. That is why estate planning is one of the best things you can do for yourself if you want to rest easy and have peace of mind.

Fighting family strife with an estate plan

The Tolstoy adage "Every unhappy family is unhappy in its own way" is not one you wish to have applied to your family if you can help it. If you have children who are estranged from each other or are unwilling or incapable of communicating with each other, your decisions in your estate plan may cause more grief than relief.

No children. No heirs. Who will inherit my assets when I'm gone?

A few years ago, a wealthy real estate tycoon passed away at the age of 97 with no children and no other family members. The man, a Holocaust survivor, left behind a $40 million estate, but he did not have an estate plan, not even a will - at least none that anyone could find. After a thorough worldwide search for blood relatives, his fortune escheated to the state where he resided.

Did Manson have a will?

Charles Manson, responsible for nine murders almost half a century ago, died of natural causes last month at the age of 83, and once again he appears to be causing chaos. Apparently, during all his years in prison, he failed to do any legitimate estate planning, leaving his potential relatives and friends to fight over his belongings in probate court.

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.

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