Estate Planning Isn’t Just For The Elderly
Loving parents want their children to have every advantage. Helping a child with a developmental disability get a quality education raises unique challenges that other parents do not have to face. While a college fund may seem like an excellent idea when a child is...
If you have yet to create your estate plan, you may think that once you start the process, the only document you need to create is a will. Although a will is the foundational part of most estate plans, there are other documents to consider, such as a financial power...
People with disabilities or chronic illnesses require more specialty care than other individuals. Unfortunately, these expenses add up quickly and can drain finances. One way to reduce financial strain is to open a Special Needs Trust. The beneficiary, who is a...
If you want to set up a trust, it is vital to go over all of the different options you have. The choices you make will impact your loved ones and may affect others as well, especially if you want to contribute to a charity, for example. If you have decided to...
Every good estate plan must take funeral planning into account. A sound strategy can save you thousands of dollars and could reduce the burden on your loved ones during a difficult time. As with many aspects of financial planning, it helps to prepare in advance. Start...
In addition to protecting your assets, your estate plan also offers essential tools to protect your family members. For example, wills allow parents to name guardians for their minor children, which can offer ample peace of mind. While it may be an unpleasant subject...
While estate planning may seem decades off if you are in your 20s and 30s, your funeral probably seems impossible to consider. However, the point of all this planning is preparation for the unexpected and expensive. You have the option of planning early, securing...
When your life is abundant with exciting new developments, it might feel natural to put off estate planning until much later down the road. However, your early adult years are actually the best time to begin writing your will, especially if you decide to start a...
At some point, you may need to consider guardianship for an adult in your life. Many people have to make this consideration for their parents as they age. But you cannot simply ask the court to give you control over another adult. You must prove that person is...
Talking to your aging parents about their end-of-life plans may become an emotional and challenging process you would rather avoid. However, waiting to find out about your family’s estate until after your parents die limits the extent of what you know about their...