Estate Planning - Page 4

  New York recently passed a law that brings uniformity to rules around fiduciary access to digital assets. Digital assets are playing a growing role in estate planning. From social media to banking, most Americans have many assets, both of the monetary and sentimental kind, located in the digital world. What a lot of people ...

For many people, making estate plans is an easy thing to put off. After all, it is appealing to believe there will be plenty of time down the road for that sort of thing, and it can be uncomfortable to think about one’s mortality. But, none of us knows just when our time on Earth ...

Those who work in the field of estate planning frequently encounter folks who believe that once they have drawn up their will, their estate plan is complete. The reality is that could hardly be farther from the truth. While your will is always a good estate planning jumping-off point, you shouldn’t neglect the rest of ...

You’re immigrating to the United States, and with that comes a whole new set of laws and cultural norms to discover and learn. One of the things you realize is that coming to a new country has its risks. You don’t want to leave your children without the information and support they need if anything ...

If you’ve been postponing putting an estate plan in place, you’re not alone. No one enjoys thinking about what will happen after they’re gone. However, estate plans typically are largely for the benefit of those left behind — or those who have to make decisions if a loved one is incapacitated. Developing an estate plan, ...

Once you have a child, most of your decisions will center on what’s best for the baby. You must ensure that you’re making decisions in their best interests. One thing that some parents forget about is planning for the future. As a new parent, you must get an estate plan established so that your child ...

In light of the COVID-19 social distancing restrictions now in place, you and your attorney can now put a comprehensive estate plan in place without leaving your home? This is particularly important for older people who may put off their estate planning because it’s difficult or dangerous for them to get out. However, anyone can ...

What do professionals consider the greatest challenges to estate planning? That was the question asked by TD Wealth at an annual estate planning conference held in January. These professionals included attorneys, accountants, trust officers, accountants, wealth management professionals and elder law specialists. As in recent years, family conflict was named as one of the leading ...

As you spend time with family over the holidays, you may start to think about what you want your children, grandchildren and others to inherit after you’re gone. Even though that time may be a long way off, you realize it’s best to be prepared. You may determine, for example, that one of your adult ...

Most people associate estate planning with naming heirs for their assets, but there is another facet that you need to think about when you are going through this process. You need to set up your end of life plans. These aspects of the estate plan go into effect if you aren’t able to make decisions. ...