Most people don’t look forward to estate planning, so they search for every excuse possible to put it on the backburner. And for those who are young — such as individuals fresh out of college — they assume that they’re too young to get serious about estate planning. However, this line of thinking is a mistake. You’re never too young for estate planning. Once you reach the age of 18, it’s something you should at least think about. You don’t have to take immediate action, but you must keep … [Read more...] about Are You Too Young for Estate Planning?
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Is it Ever Too Late to Create an Estate Plan?
Let’s get right down to it: the answer is no. It’s never too late to create an estate plan. Sure, it may be ideal to create an estate plan at the exact right time of your life, but things don’t always work out that way. The best thing you can do is act today based on your current circumstances and goals. Here’s why it’s never too late to create an estate plan: Regardless of your age, you have the power to create an estate plan that suits you, your loved ones, and your assets. … [Read more...] about Is it Ever Too Late to Create an Estate Plan?
It Can Be Scary to Die Without an Estate Plan…the HORRORS of Intestacy
Many souls believe that if they lack means, they do not need an estate plan. Nothing could be further from the truth. If you die without an estate plan, your assets may not be distributed as you would wish and the results could be downright scary. Read on to learn more. … [Read more...] about It Can Be Scary to Die Without an Estate Plan…the HORRORS of Intestacy
The Benefits of a Living Trust May Surprise You
There are many ways to approach the estate planning process, with the creation of a living trust once of the most common. With this, you have the opportunity to move your assets into a trust while you’re living. Furthermore, it’s a great tool for incapacity planning, as it can kick in if you’re unable to make your own decisions. Let’s dive into three additional benefits of a living trust: No probate: With a will, your assets will go through the probate process — as outlined … [Read more...] about The Benefits of a Living Trust May Surprise You
What’s the Problem with DIY Estate Planning?
Do it yourself (DIY) estate planning is enticing. It allows you to create an estate plan at your own pace and without having to consult with a professional. And of course, it can probably help you save a few dollars upfront. Before you go down the DIY path, you should consider the many risks associated with doing so. This is usually more than enough for you to realize that it’s a bad idea. Consider the following: You don’t have estate planning expertise: This is why you hire … [Read more...] about What’s the Problem with DIY Estate Planning?
