A Last Will & Testament outlines what happens with your body (burial, cremation). Most Wills also say something about guardianship for your minor children.
While not every estate plan will center on a Last Will & Testament, they are a critical item to consider, in addition to trusts and other options.
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Single parents find themselves in a precarious position. If something happened to you, the future health, well-being, and financial stability of your child would be uncertain. That’s why taking the necessary steps to create an estate plan ranks among the most responsible thing you can do today. When you begin to imagine what your child’s…
It can take a lifetime to build an estate that is robust enough to support you and your loved ones. Unfortunately, passing away without a comprehensive estate plan can decimate your assets in a surprisingly short period of time. Between costly legal expenses like probate, excessive taxes on your estate and mismanagement, some or all…
These are plenty of seemingly good reasons to procrastinate on estate planning. Your business may be thriving, and it requires your full attention. Maybe there doesn’t seem to be enough time to get organized. But the most common reason to kick the estate planning can down the road is that you feel healthy and have…
Because of how important estate planning is to your family, you should put time and care into getting it right. At the same time, you never know when something can happen, and you don’t want your family to struggle because you never got around to putting your plan in place. Take these steps now to…
Are you overwhelmed by everything you need to do to create an estate plan? While it’s better to have everything in place now, if that’s too much to handle and would only result in your putting everything off forever, you can try tackling just one thing each month. January: Create Your Napkin Will Start out…
Military professionals often have to face the prospect of austere training environments, combat, overseas deployment, and unconventional missions. Because of these risks, the need to have something substantial for family members who are left behind is vital. In the case of female servicemembers, the need to have an excellent estate plan cannot be overemphasized. Why? Often,…
It depends. It depends on your goals going into estate planning. The who, why and what. (Questions your attorney should be asking you before you plan…) In this instance: Who are you protecting? Your young kids. What are you protecting? Monies you want your children to use for education (college, graduate school, etc.) A trust protects the money you…
“What Happens If I Am In the Middle of a Divorce and My Spouse Dies?” Short answer: Divorce proceeding ends because the marriage ended at the death of the person. Long answer: There still needs to be decisions about the money, things, property, and children. Now all these decisions are made in probate…
If you are married, you may assume you will get everything if your spouse passes away. Here in Georgia, if your spouse doesn’t have a Will that may not actually be true. Why? Because your spouse died intestate. (a.k.a. without a Will). There are special rules that apply when someone dies without a will. These…
Did your estate planning attorney ask you these three things before they signed you up? Why? Who? What? If not, your estate plan may not be the right plan for your kids. For your family. Wills and trusts work for you when you die or are critically injured/ill and cannot manage your own decisions. It’s too late to…