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Many estate planning tools can yield savings and other benefits based on the circumstances, such as living trusts. This trust type can take effect immediately, even while you are alive. Through this arrangement, you can put your assets and properties under a trust,...
Choosing a guardian for your children is an important decision that ensures their well-being in the event of your passing. However, you need to consider the potential risks and take necessary precautions to prevent any possibility of the chosen guardian misusing or...
As a married couple, you and your spouse’s estate plans and financial affairs have likely become intertwined. When you file for divorce, those documents could potentially be overlooked in the confusion and emotional upheaval. After a divorce, be sure to review your...
Discussing estate planning with your parents can be a sensitive and delicate topic. However, having this conversation is necessary to ensure that you know their wishes and that they properly manage their financial affairs. Here are some ideas about approaching and...
As someone who worked hard their entire life to accumulate their estate, you naturally want it distributed according to your wishes. You may want to ensure your loved ones are cared for if you ever become incapacitated. A person contesting your will can put your...
A will has a profound impact on the stability of someone's family and their legacy. Decades after someone dies, the inheritance they left for their beneficiaries may still have an effect on the people they loved most. Therefore, it is essential for those with loved...
Those thinking about their future and their property in New York often decide they want to create an estate plan or update their existing end-of-life documents. Estate planning gives someone control over what happens to their assets when they die and can allow them to...
When it comes to estate planning, many tools are available to help you protect your assets and ensure that they pass on to your beneficiaries. One of the most popular estate planning tools is a trust. Not only can a trust be used to simplify the estate planning...
While you most likely do not want to think about the day when you pass away, creating an estate plan will invariably give you peace of mind. You can also make it easier for your family by sitting down with them and talking about your last wishes. While it is always...
Trusts are an essential estate planning tool that can provide countless benefits. Before creating and implementing a trust as part of your estate plan, it is crucial to explore the different types of trusts to find out which option best fits your unique needs....