Creating a will is a crucial step in planning your estate and ensuring that your wishes are respected after your passing. There are several types of wills to consider, each serving different purposes and providing varying levels of complexity and specificity. Here, we will explore the four basic typ...
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The term “estate planning” often brings to mind images of wealthy individuals dividing vast fortunes among heirs. However, this is a misconception. Estate planning is not just for the affluent. It’s a vital process for anyone who wants to ensure their wishes are fulfilled, and thei...
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When it comes to securing your future with a life partner, marriage often triggers specific legal protections and benefits, including rights to inheritance and decision-making in cases of medical emergencies. However, for couples who are unmarried—whether by choice or circumstance—the lack of a form...
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Did you know August is National Make-A-Will Month? It’s an annual observance that emphasizes the importance of creating a will. Do you still need to make your will? Whether you’ve been too busy or simply don’t know how, here are three great reasons that will motivate you to write your will ...
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Death is inevitable, yet many people do not adequately prepare for their loved ones after their exit. When a person dies, their estate, referring to their property, assets, and liabilities, undergoes ‘probate.’ This legal process validates the deceased’s existing will (if there is ...
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Wills are designed to be ironclad documents that set forth how you want assets dispersed to loved ones. They take the guesswork — or, in some sad cases, the arguments — out of a critical moment in this very emotional process. But they’re not ironclad at all. In fact, there are several instances in w...
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Building an estate plan requires a clearly marked paper trail so that your wishes can be followed. Organizing everything beforehand ensures that these end-of-life allocations are doled out in a timely and fair manner. Here’s what you’ll need. Last Will and Testament Wills are the most well-known of...
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Though you may know that you need to plan for the future, you may not realize what that entails. You may have heard the term estate plan and figured that you still had time to decide what you want to be done with your things. In fact many prefer not to think about it, though […]
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By Susan M. Keenan Although many people know where their personal records are stored, they forget to let other family members know where they are. It is important to find a secure location for storing all of your important personal documents. Keeping your personal records in a safe and secure loca...
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Your last will is designed to express your wishes after leaving your family behind. Given its importance and long-lasting impact, experts recommend that you consider every detail, including how your belongings are distributed, who controls your finances, and which family members are included in your...
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