Estate Planning

At the start of every year, it is important to review your life and healthcare planning. Taking time to prepare now can help protect your health, finances, and future. Long-term care planning is one of the most valuable steps you…

Typically, a will appoints a representative (executor) to publish the date of death of the testator in a local newspaper. If the decedent owes a debt to creditors, this information serves as a notice to them. Personal representatives must also…

A trustee is responsible for managing assets held in a trust and protecting the interests of the trust beneficiaries. If someone asks you to serve as a trustee, they are placing significant trust in your ability to manage property, make…

A will is one of the most important documents in an estate plan. It allows you to decide how your property and assets will be distributed after your death and ensures your wishes are clearly documented. Many people know they…

A person’s debts do not automatically disappear after they die. During probate, the estate must identify outstanding debts, notify creditors, and pay valid claims before distributing remaining assets to beneficiaries. A legal approach to avoiding probate can help minimise taxes,…

  According to findings from research conducted by Genworth, the US Department of Health and Human Services estimates that 70% of Americans will need some sort of long-term care (LTC). The median annual cost of these services in 2020 is…

  What happens to your inheritance if your beneficiary is no longer alive? If you leave the property to your brother Jim, but he dies before you, will his children inherit the property? That depends on whether your will expresses…

Though probate sounds complex and expensive, it is a legal procedure that formalizes the process of passing assets from descendants to their chosen heirs. Whether you need probate depends on the type of property you own, how you own it,…

When you are planning for potential incapacitating situations and need to appoint someone to manage your affairs, a power of attorney is an essential tool. In these documents, one or more agents can be granted broad authority over your behalf…

Creating a comprehensive estate plan is the key to ensuring your loved ones inherit your wealth. Many of us, however, overlook the importance of communicating our estate plan to family and heirs. No matter how thorough and current your estate…